PF
Patricia F

1 reviews | Active since Jul 2010

30 Jan 2015, 10:14

Delay in pension payout

I was retrenched end Nov 2014 and since then just experienced bad service from Standard bank.<br> When I followed up with Alexander Forbes on 2 Jan 2015 when my pension will be paid out, I discovered that the HR dept never send my pension claim forms to AF. I queried it with HR and it was then only send on 7 Jan 2015 to AF.<br> I laid a complaint with HR with ref no *** on 14 Jan 2015 to give me an explanation as to why they only sent my claim through on 7 Jan if my exit date was 30 Nov 2014 already but up to date nobody came back to me with good enough reason although I was promised that the manager will call back.<br> I want to use my pension money to clear my bond but because of the delay interest was charged and I had to pay instalments for Dec '14 and Jan '15 and therefore want to claim back all interest charged on my bond up to date of payout.<br> Urgent response is required or I have no alternative but to take the matter further <br> <br> Regards<br> Patrys

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Replies (1)
Standard Bank
Standard Bank's reply02 Feb 2015, 15:43
Official
Hello 3005P,

It is dissapointing that you had to experience such a delay with your pension fund payout. I apologise for the delay you experienced in this regard.

We have escalated this matter to management and requested that they revert to you to dicuss the matter in detail.

Kind regards
Barbara Fondling
Complaint Resolution Centre
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