XM
Xolanie M

1 reviews | Active since Mar 2019

29 Nov 2023, 08:38

Old Mutual Refusing my RA withdrawal without giving reason

I took a retirement annuity with Old Mutual and due to financial difficulties I stopped contributing and I had approximately R8500 in the fund and I know by law if your funds are less than R15000 you can withdraw from the fund when you surrender, however Old Mutual has been of no assistance to me I have made calls and sent emails they are saying I don’t qualify for a withdrawal but not giving me the reasons and refusing to let me know how much is in the fund. The bullying i have been receiving from Old Mutual is unbelievable. Refusing to tell me how much is in the fund and refusing withdrawal without giving reasons and yet this is my money!!!

0
Replies (2)
XM
Xolanie M's update29 Nov 2023, 09:23
Reviewer Update
The response I received was an email from my financial advisor advising that she will no longer be with Old Mutual eff 30.11.2023 and queries should be directed to her colleague. It was not a feedback on my complain!
Old Mutual
Old Mutual's reply29 Nov 2023, 11:07
Official
Dear Xolanie

We are busy with the matter.

Regards
Old Mutual Complaints Management