Old Mutual - Thieving ******

When I was 25 I took out an RA with Old Mutual. Their Flexi Pension. This product does not even exist today. When I log in to the OM site, I have noticed the illustrative retirement value when I am 55 is getting lower and lower. When I research how my contributions are invested, this OM product no longer exists and enquires as to how its invested is kept hidden. So I have decided to do a Section 14 transfer to another RA vendor and take my money away from Old Mutual. Not only have OM been so slack and lagging with respect to handling this transfer to another vendor, (which is my right) - They are charging me a R30 000.00 penalty fee for moving away from them. <br> Other platforms are transparent on how money is invested, you can even select and change where you want your contributions to go. Old Mutual are not transparent, I doubt they even have fund managers looking after this legacy Flexi product, hence the disgusting performance. <br> I CANT WAIT TO MOVE AWAY FROM OLD MUTUAL - I will take the knock on the chin and pay the ******ive penalties, but would just like to WARN people from using this company for your pension money!