“You are held in a queue by phone and for your pension when a annuitant client of prudential dies a pension will then be paid out to the party who has been waiting the longest period of time for their pension”
“My mother is in a coma and I'm struggling to look after my disabled sister whilst funds that belong to me are still locked up in my prudential pension for no apparent reason other than Prudential's antiquated systems that move at glacial speeds. I'm not going to see my money until the next financial year, they say, which means I'm going to lose thousands of pounds in tax as well. This after two years with no work due to the lockdowns. Really disappointed with the Pru.”
“Wouldnt even give this Company 1 star - my husband died suddenly in August before claiming any of his pension. Still nowhere near receiving any information about a "death sum" let alone when I may receive a payment. They have to decide who gets the monies absolute joke been married 31 years and they are to decide - that was never discussed when we took our pensions out. Having to deal with this on top of grieving is unbearable. As soon as I get this sorted I will be moving my pension unless I die in the period!”
“My Mother passed away in October
We have been lied to, told to wait. Told "so many people have died from covid they are backed up"
Told the money has been transferred then,,, wait wait... it will be 10 to 15 days.... again...
“Pension transfer with redress ( for bad advice decades ago). Pru have been difficult and delaying since the start. Transferring pension as I no longer live in the UK - they insist they can only pay redress by cheque and have blamed the regulator (FSA) for this rule. I cannot physically pay in a cheque as I don't live in the UK. The FSA have confirmed there are no such restrictions - another lie from the Pru ! An appalling company that lies and thinks it can get away with it. Avoid at all cost.”
“If I could give them 0 stars I would. This company is AWFUL!!My boyfriend& daughters father passed away when she was 2 and she was his beneficiary, its been 2 years of BS. I filed all appropriate documents, went to court to be listed her guardian so that I could get information on it, sent that in and tried to get the money withdrawn so that I can get away from this awful company and put it into an investment acct. for her..... only to be denied for not having any documents on her ( all the paperworks I've sent in multiple times over the 2 year period) and not only that not once was I sent a denial paper. this company is poorly ran and a complete joke.no organization or care for their consumers.”
“Been nearly 10 months trying to sort out my late mum's insurance policy and still no further forward. Customer Service is terrible! You wait on hold for over 1 hour and when you finally get through they cut you off!. Also they lie to you saying things will be sorted very soon and then nothing!. When they say we'll call you back they never do!. Me and my family have a solicitor working on our behalf and the solicitor has the same issues we're having!. Prudential is a real pathetic excuse for an insurance company. They don't care what your going through when losing a family member so I highly recommend NOT!!!! Using Prudential. I would of loved to give them 0 stars but sadly you can't Very Very poor service”
“If you complain to the Pru You can expect a dismissive obfuscating and avoidance letter dismissing your complaint. They do not resolve complaints but resist them. Their policy appears to be to kick complaints into the long grass for the ombudsman to deal with a couple of years down the line. Prudential used to have a good reputation but they have lost it through miss- selling and appalling customer service. Only two years ago Prudential were fined £ 23 million by the FCA for miss- selling and they have gone from bad to worse.”
“Advised Pru that one boldholder, my Father, had died. It took them 10 days to add a note to the account and the promised contact with a "timeline" did not happen. After an online compliant, was advised that it may take up to 38 days even to send a letter out saying what happens next. (38 days to send a letter - not the final payout!). Isn't dealing with this stuff their reason for existence? What a ridiculous situation.”
“If a Prudential Adviser told me the time I would look at my watch and ask someone else! They can’t be trusted to act in your best interest. They’re interested in selling you something and making commission. I was sold an expensive drawdown advice plan that I had no need of. I could’ve moved my Prudential pension policy to drawdown with other providers free of charge if I had not listened to the Pru Adviser. His bad advice has cost me £3k nearly. I found out after that I could have opened a drawdown account with Vanguard free of charge. I did so and it cost me nothing. Vanguard transferred what was left of my fund at Prudential to them , but I lost what Prudential deducted in advisor charges. Prudential are only interested in making money out of you.I was targeted by them for the sale of the Prudential Drawdown Advice Plan and no open market alternative options were suggested when I told their salesman that I didn’t want the plan. He told me it was a Prudential requirement for drawdown ,so I signed up for it and later discovered I could have moved my fund into drawdown free of charge. Pru Adviser motivated by greed. Be warned!!”
“No staff, do not answer phones, when funds are eventually withdrawn there is no paperwork to explain tax etc that has been deducted. Not bad just awful, as someone said on this website it is like dealing with a second rate company, Where on earth has the Real Prudential gone that we used to know and love!!!”
“I am horrified at all the bad reviews about Prudential, I too am a victim of what seems to be complete delay tactics on stopping me from cashing my pension !! I have been trying since May 2021 and just get fobbed off all the time. I have now been told that I have to wait for an information pack for me to read before I can proceed with options despite telling them I want to cash my pension in, receiving the pack will not change my mind in the least !! It’s a disgrace to keep us all waiting for no reason at all”
“Don't invest with this company. If I could give a negative 1 review I would. I invested in a Euro fund 2015 and have been trying to get my money out since it matured in 2020. Last year, I was trapped overseas by coronavirus and contacted Prudential by phone only to be told that unless I had evidence of my address, I wouldn't be able to withdraw the money. A letter from my bank, an airBnb receipt (we were staying in one long-term) and any other suggested evidence was rejected. We finally got a permanent address--still stuck by the pandemic in January 2021 and I contacted Prudential again to get my money out. This was the last time I was able to get through on the phone. They told me that I needed to provide proof of address (which I had) and a certified copy of my husband's new passport (which had been renewed in the 5 intervening years). I got a certified copy, despite a full lockdown in Istanbul, sent all the required documents and then... nothing other than one email saying that my claim was being processed. Then... nothing. For five months. I tried to call repeatedly (at least once to three times a week) but couldn't get through on the phone. In the end, I had to send an email threatening legal action to get a reply, which amazingly, came very quickly. Apparently they couldn't verify the passport certification--something that would have been solved months before if I'd been able to get through on the phone, or if they'd emailed me. They also said they'd emailed me, but after searching all records, I was positive I hadn't received the email. Still, I gave them benefit of the doubt, and now that Istanbul was no longer locked down, went to a public government notary and got the passport certified yet again. I sent it through along with a query about my balance and a request that someone tell me they'd received the document and then... nothing. For two weeks. I tried calling every day, yet again no getting through. None of my emails were replied to, until I received one that was a direct copy and paste of the one they'd sent weeks before saying they couldn't verify the certifier of the passport, despite their number and name being clearly on their stamp on the document and despite the fact that I immediately called the notary and confirmed that they were definitely open and had been every day for the previous two weeks. I've resent the notarised passport with a request for my balance and confirmation they've received it and... nothing.
I potentially have 200k Euro in this fund (I'm unsure of the balance due to the lack of communication since January) and have provided Prudential with every piece of information they've requested. They're not available for contact by phone. There are no names attached to the emails so I have no way of knowing if there's a human at the other end, it's been over a year and a half since I initially started trying to withdraw my money from the fund and I'm days away from pursuing legal action. This isn't the kind of behaviour you expect from a reputable corporation like this. This is the kind of behaviour you expect from a con artist who's run with your money.”
“I too have been victim of Prudentials appalling customer service. I have been trying to get them to release the money from my personal pension since last August, and all that I hear from them is the value of my pension and asking me to speak to one of their financial advisors. Having sought independent advice from the PAS, it turns out that I don't need to speak to them, neither do I wish to. Upon ringing them for several hours, I get passed around several times until I just give up! If any normal company behaved like this, they would be out of business - maybe that's the plan - I expect the directors have their pensions nicely tucked up in some offshore tax haven. Excuse the rant, but this behaviour is totally unacceptable and must be called out.
Would anyone be interested in submitting a joint complaint to the pension ombudsman? I have set up a Facebook group for those of us who are totally fed up with their behaviour - please join and post your comments and hopefully together we can achieve a resolution to our problems.
Facebook Prudential Pensions user group.”
“In other years drawdown takes around 3 months, includes the sending of the information pack, this year into a fourth month.45 days so far to deliver a form. On the 7th of June told the form had been posted, not sign yet, telling untruths is the norm for this company. I have suggested they scan the form, email it to me and I would send it back, its pathetic”
“Surprised review rating 1.6.( too high) While trying to sell a deceased property completion date fell out of the policy renewal by 12 days .
I spoke to the bereavement department asking if I could just extend the policy by one month to be told no, you must renew for a full year then claim a refund or they could put me in touch with a specialist company for short term insurance. So much for empathy and compassion in distressing times.”