jM
japie M

1 reviews | Active since Jun 2017

27 Mar 2021, 13:20

Old Mutual refusing to cancel investment

Inquiry *** Policy ***

Please stay away from old mutual and their investments ****s as you will never pull out from the deal. I took focused investment with them which I paid from 2017 till todate and is maturing 2032 but to my suprise I cannot cash it out, close the investment or terminate it whatsoever.

I have read through the terms and conditions of the contract and it doesn't even state of such barbaric conditions of restrictions to access money. To my knowledge is actually ******* to refuse people with their money especially when they don't need anything to do with them anymore. The least was to issue penalties on termination rather than telling me I have to wait to 10 more years.

I will definitely lay a formal complaint with NCR and other boards for this issue because clearly old mutual is now overriding customer rights by refusing to cancel the deal.

0
Replies (1)
jM
japie M's update27 Mar 2021, 13:34
Reviewer Update
I will definitely wait for your reply.