1 reviews | Active since Mar 2018
**** Investment
I have investment with Old Mutual for my kids Education which I started in 2014 by paying premiums every month, which have been going up every year. On the 15 March 2018 I contacted Old Mutual wanted to know how much was my investment balance at that date, shockingly the figure they gave me is way lower than the total premiums I have been paying to date, when I enquired about this the consultant I spoke to said she will escalate my query so that they can send me a statement showing a breakdown of my premiums in 3 working days. Till today I still have not received it or an explanation of why I have been investing for the past 4 years or so but I have not earned a cent of interest instead I have lost more than R1.6K. If I ask the consultants, according to their knowledge why this is happening, they say it does not make sense. When I spoke to the other consultant yesterday - 27/03/18 she promised me that her team leader will call me yesterday, it still has not happened. I would like to cancel this investment and Old Mutual must pay me back all my premiums plus a compensation that if I had put my money in the bank or other companies that understands what "investment" really means I would have earned some interest.
Dear Lungi
We apologise for the frustration caused in this regard. We will investigate and contact you directly to resolve the matter.
Kind regards
Carol Olckers
Old Mutual Complaints Management
Dear Lungi
We apologise for the frustration caused in this regard. We will investigate and contact you directly to resolve the matter.
Kind regards
Carol Olckers
Old Mutual Complaints Management
