1 reviews | Active since Feb 2010
Old Mutual refuses to escalate Pension Payout
I have at least three pension policies with Old Mutual, the last three were taken out about 4 years ago. As I did not require a large monthly payment, I opted for a low starting amount, as I was told that I could increase the amount annually before the anniversary date, and that I would be informed when that was due. I have not requested any increases, but I now need to increase the payment. After hours of waiting on the telephone, being transferred from one section of Old Mutual to another, being told that I was still at the wrong section, I eventually got to a person that could look at my policies. I was told that I could not increase the payments, because they were payments for life, or something like that. My present payout hardly uses the interest on my investment with Old Mutual. I cannot live off the payment now, how will I survive in 10 years time. I sent emails to 6 Old Mutual departments on the Internet a week ago asking for help from the correct department. Not ONE of them bothered to contact me. Only the complaints department phoned today, a week later, to find out if my problem was resolved. She then offered to put me through to the Call Centre. Not AGAIN!! Please HELP!
We are sorry to hear about the service experience. We will investigate and contact you directly to assist.
Regards
Bilqees Carelse
Old Mutual Complaints Management
We are sorry to hear about the service experience. We will investigate and contact you directly to assist.
Regards
Bilqees Carelse
Old Mutual Complaints Management
