MN
Mkululi N

1 reviews | Active since Nov 2021

09 Nov 2021, 19:22

Absolutely poor service

I am the Executor of my mother’s late estate and till today, we await payment of her investment into her late estate account. I have been calling STANLIB almost every single day for the past two weeks and more, but I am continuously receiving mixed feedback from its employees. Lately, the excuse has been that the late estate account is not active but it is indeed active and Standard Bank has confirmed that with STANLIB twice. The processing department has been ‘processing’ the funds and the staff have been ‘escalating’ and ‘prioritising’ the matter but I believe this is all a lie. How can this processing and escalation take so long if it were true. I have read the many complaints about STANLIB online and I am happy to add to them and warn others not to invest in such an institution. I have been calling and will continue to call and make a noise about this absolutely unnecessary delay in making the payment. I am tired of repeating the same thing every day that this payment is matter of urgency and that my family is in need of this money, and I have now decided to publish the matter on all platforms. Today, I was told that I sent the company a blank email, which is absolutely hogwash because I did send a detailed email to the company. I will not rest until this matter is resolved with the urgency that it deserves. STANLIB has seemingly got a doctorate degree in giving the people a runaround for their/ their family’s money, but I will not be the one to call them doctor; STANLIB is in my mind unqualified. I have written numerous emails saying that I look forward to your response but I now don’t because given STANLIB’s track record they will take weeks, months and even years to respond, and most importantly, PAY THE MONEY. I wish I could awake my mom from her grave and tell her what a BIG MISTAKE she made by investing in STANLIB. This company has epitomised PURPOSEFUL DELAYS in paying out what is not theirs.

0
Replies (6)
STANLIB
STANLIB's reply09 Nov 2021, 21:03
Official
 Good Day

Thank you for making us aware of your complaint. 

We’re working on your request and one of our consultants will make contact with you to assist you. 

Regards
 STANLIB Resolutions Team 
MN
Mkululi N's update10 Nov 2021, 16:36
Reviewer Update
I called twice today to follow up on the payment of the funds into the late estate account, and what is worse is that the consultant I spoke to, LITERALLY dropped the phone after telling me to hold while he consulted with his superior. However, I am not shocked at all because this is clearly STANLIB’s approach to customer service. When will STANLIB do right? Please tell me! Oh wait, STANLIB can’t tell me that because they have cardinal virtues of lies, deceit and delays.
STANLIB
STANLIB's reply10 Nov 2021, 20:24
Official
Good Day

We sincerely apologize for the poor experience. 

Please be advised that our Complaints department is currently attending to your matter and feedback will be provided by close of day tomorrow. 

An email has been sent to your email address regarding the above. 

We are working towards a resolution and can assure you that the matter will be resolved. 

Kind Regards
STANLIB Resolutions Team
MN
Mkululi N's update10 Nov 2021, 22:20
Reviewer Update
I am truly tired STANLIB’s empty promises and receiving automatic responses that acknowledge receipt of my emails, which I was also told by one of your consultants are blank emails.
As promised by one of your consultants, an IMMEDIATE manual payment of the funds into the late estate account is ALL that I require as a response.
I will not wait for a response from STANLIB by end of day tomorrow because I am certain that, like all of the other responses I have awaited, it will not come. Instead, I will persistently call from 08:00 tomorrow morning and stay on the line, until the funds are paid and this matter is finalised. Should the consultant(s) drop the phone in my ear again, I will PERSIST and continue to call again and again and again, until the funds reflect in the late estate account.
This matter has dragged on for far too long, taking much of my precious work and personal time and I refuse to go into the weekend with this matter still pending.
Enough is enough!
MN
Mkululi N's update11 Nov 2021, 13:29
Reviewer Update
Called STANLIB again today at 12:59 and the call was once again dropped in my ear at 13:07. This is absolutely unacceptable!
STANLIB
STANLIB's reply15 Nov 2021, 08:37
Official
Good Day 

Trust this finds you well. 

Please be advised that the estate late claim has been finalized. 

Should you require anything further, please do not hesitate to let us know. 

Kind Regards
STANLIB Resolutions Team