1 reviews | Active since Mar 2016
Pension Transfer not completed - 10 weeks Later
I requested Old Mutual to pay to transfer my pension at the end of January when i resigned from my previous employer. Paperwork was filled out and send to Old Mutual which it has on Record. On the 10th of Feb I made a follow up regarding my pension fund and to which we were informed that the funds were in the process of being processed and a tax directive was to be received from SARS. <br> <br> On the 18 Feb I received an SMS notification notifying me that the SARS has released the Tax Directive and that funds should be shortly paid out into the allocated account.<br> <br> I then followed up with Old Mutual a week later (week of the 22nd Feb) to find out what was the delay on the payout. They then informed me that THEY had made a mistake when they filed the Tax Directive with SARS and had to resubmit.<br> <br> I then called OLD Mutual on the 11th of March to find out why i have had no further feedback. They told me that the Tax directive they sent through was not processed and only resent another one on the 09th of March 2016. <br> <br> Every Consultant I have spoken with has promised to give my case their personal attention. However this is not the case as no one knows what has happened to my funds!!!!
Thank you for bringing this to our attention. We will investigate and contact you directly to resolve.
Kind regards
Chris Cloete
Thank you for bringing this to our attention. We will investigate and contact you directly to resolve.
Kind regards
Chris Cloete
