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Nicki X

1 reviews | Active since Aug 2016

04 Aug 2016, 09:21

Pathetic service

<p>I have an endowment with Old mutual. The investment has matured and instead of someone contacting they have moved my matured investment to a different structure, without notifying me. There are tax implications with the new strucutre that i was not made aware of. i have tried several times to contact them via the number they have listed on their own documents and was shocked when no one bothered to answer the phones. I then tried ia email and get the same automated response without so much of a care of what my actual query is. This is pathetic service as i was the one going to be penalised had i not enquired. i have received no communication about MY MONEY! further to this no proper advice was given so how can Old Mutual just choose what is best for me without consulting me!!!!</p> <p> </p> <p>Also i was told that the debit order would reduce but NOTHING has taken place. Old mutual has only displayed poor business practise with regards to my Policy and Investment. </p> <p> </p> <p>I have requested to be contacted several times and this still has not happened.</p> <p> </p> <p>I would like a knowledgabloe person to contact me and not be treated as if my business does not matter.</p> <p> </p> <p>I WANT MY MONEY AND ALL THE ADDITIONAL CONTRIBUTIONS I HAVE PAID TO BE RETURNED WITH IMMEDIATE EFFECFT!!!!</p>

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Replies (4)
Old Mutual
Old Mutual's reply04 Aug 2016, 09:29
Official
Dear Nicola Thank you for bringing this matter to our attention. We will investigate and provide feedback to resolve. Kind regards Kareemah Sulayman Complaints Management
Old Mutual
Old Mutual's reply05 Aug 2016, 10:42
Official
Good day Nicola Thank you for letting us know of your concern. I tried calling you three times to talk about the previous responses you received. The last response Belinda sent you, in layman's terms, explains the savings benefit of your greenlight policy has come to the end of the premium paying term and that the funds is available to you. Attached is a copy of the maturity statement which confirms this information. Your investment was not moved to a different structure - it just stopped being a premium paying investment to a lumpsum payment available to you. I'm sorry we did not explain it simpler in our previous correspondence. Kind regards Kareemah Sulayman | Complaints Assessor OMEM CST Complaints Management
Old Mutual
Old Mutual's reply16 Aug 2016, 09:18
Official
Good day Nicola Thank you for giving us the opportunity to resolve your complaint. We've transferred the maturity value of R18 576.35 to your bank account. The funds should available by tomorrow for the latest. Kind regards Kareemah Sulayman
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Nicki X's update17 Aug 2016, 08:31
Reviewer Update

Thank you Kareenmah for all your assistance. I would suggest that you do ups**** your FAs on your product as the information i received was from a FA.