MF
Martin F

1 reviews | Active since Aug 2009

16 Mar 2015, 09:36

Oppress the poor

I took out a policy for my daughters studies only to find out it is a pension policy. My daughter cannot find employment as Old Mutual refused to release my money in order for my daughter to study.<br> They are not concerned about building the future rather than profits by holding on to my money for long as they can.

0
Replies (1)
Old Mutual
Old Mutual's reply16 Mar 2015, 15:29
Official
Hello francis,

I refer to our email communications.

The policy was issued in accordance with the signed application form and as these funds a governed by legislation, they can only be paid out at retirement age of 55.

I trust that this clarifies matters.

Regards

Carol Olckers
Complaints Assessor

Best regards,