RB
Roberto B

1 reviews | Active since Jan 2010

03 Oct 2016, 10:52

Poor service delivery and double standards

<p>I have been hitting a brick wall since 14 September 2016 to cash out a unit trust. At first they claimed my signature doesnt matched however I even provided a previous withdrawel form on which they paid out a large amount of cash without having problems with my signature. I raised my concern about that as in my opinion why can you pay out one day and the next day refuse to pay out claiming the signature is wrong when it is not. Eventually I logged a complain and was told that they are busy resolving the issue and requested further signature specimens from me which I gave them. (28 Sept) I spoke to Ingrid Naidoo and was told once they have my signatures they will arange payout which should have been in my account by Friday 30 Sept. No call, no email has been received and still no money. It is amazing how one has to beg to get your owwn money back after investing with Stanlib. I will enssure that all family and friends are warned about the lack of service and also that they do not consider complaints as a problem on service delivery</p>

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Replies (2)
STANLIB
STANLIB's reply03 Oct 2016, 18:18
Official

Hello Mr Bianco,

The small residual of your funds has been paid out. We do apologise for the delays in resolving the issue. Unfortunately we are encountering some technical issues with the upgrade of our retail operations processes and our secure Online system.

We are striving and can identify that the transaction processing of funds coming into investments, switches and repurchases, are refining rapidly and we shoudl be back to our known 48 hour SLAs very soon.

Thank your for your patience and do hope we see you back as an investor in the near future.

Kind regards

Barbara Egan, on behalf of the STANLIB team

Best regards,

RB
Roberto B's update04 Oct 2016, 06:57
Reviewer Update

If you had technical issues why dont you pick up a phine and talk to me? Its all excuses.