Pru UK Avis 3 627

If allowed, I would not give even 1 star! My recent and ongoing experience withdrawing funds from my Prudential Investment Plan, has and still is an absolute nightmare.

I requested a withdrawal in order to financially support my daughter and her family in purchasing their home. The initial hard copy documentation was sent via next-day delivery but was reportedly not received. To avoid delays, I subsequently emailed all required documents. I clearly communicated the urgency of the situation, including the property completion date and was reassured the funds would arrive in time. Unfortunately, this did not happen and despite making numerous phone calls, I have yet to receive a clear explanation as to why the transfer has not been completed. I have repeatedly been told that the transfer “cannot be traced,” which is deeply concerning given the significant amount of money involved. I have spoken to numerous people every day its very time consuming and frustrating.

As a direct result of this failure, my daughter and her family were unable to complete their house purchase as planned. They had removal vans packed and were ready to collect their keys, only to face last-minute disruption. They were put at risk of breaching their contract due to non-payment of the completion statement balance, which could have resulted in losing their deposit and home. I was forced to borrow money from friends and family at short notice to prevent this outcome putting me in very embarrassing situation. I have incurred additional financial costs and significant emotional distress during an already difficult time following my husband’s passing.

I have also experienced poor customer service, having to repeatedly explain my situation to different representatives. Being told they are just Admin and not being able to be transferred to a representative in the Finance Dept, the people who deal with the transfers etc. Promised callbacks were not fulfilled and no clear ownership or resolution of my case. This situation has been extremely distressing for both me and my family.

I am now still waiting for a full explanation of what has happened to my funds as well as immediate confirmation of the current status but have just been told I have to wait as these things take time! The strange thing is, this morning I did receive a small nominal amount for the inconvenience which went into my nominated account! I need to know the location of the transfer, prompt release of my withdrawn funds, compensation for the financial losses and distress caused and a formal investigation into how this situation was allowed to occur. I have asked to speak to a manager or someone higher up the organisation, but this doesn't seem to be an option.

From a very unsatisfied customer

As I said the only issue was not knowing when I would receive my money

I updated my Bank name which was dealt with promptly

I wish prudential post letter to me can make quickly.

Answering questions

very good company to deal with always keep me informed to what is going on

I chose Prudential because I worked for them at the time when Peter Davis was their CEO. It was a well managed investment company then and is now. My returns have been ample.

Ease of process and timescale

Using on line was a lot quicker no hassle

Both of the staff I spoke to on the telephone were very pleasant and helpful and gave me all the information that I needed.

Transferring funds was straight forward,although I hadn't realised how long it would take,however on this occasion it all worked out fine.

Very helpful staff

Quick response to my request, very simple to complete

this companys employees should be made to read the reviews. going round in circles trying not to part with clients money.

Totally satisfied

friendly advisor, easy to find out what suited my needs best.

At the moment it is impossible to login to their website so I can check stuff out myself, and it's their problem as many others are having the same problems