BH
Brendan H

1 reviews | Active since Mar 2011

04 Jun 2020, 18:35

Old Mutual Tax Free Accounts a ****

I opened 4 tax free accounts. One for me. One for my wife. And one for each of my children. I agree to pay a financial advisor a once off fee of R1250 per policy - R 5000 in total. I thought this was quite generous. Years later I saw that the intermediary was also taking almost R400 per month for the policies on an ongoing basis. No one at Old Mutual is able to investigate this. I want to make the public aware as a first step and will continue to pursue every other avenue until this is resolved and my funds have been returned to me.

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Replies (1)
Old Mutual
Old Mutual's reply05 Jun 2020, 14:43
Official
Dear Brendan

I acknowledge receipt of your complaint. This matter will be investigated and I will be in contact with you.

Regards

Coleen Aanhuizen
Old Mutual Complaints Management