CORE FUNDSATWORK EFFICIENT. EFFORTLESS. AFFORDABLE - MOMENTUM CORPORATE PARTNERSHIP CONNECT
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FundsAtWork Core Efficient. Effortless. Affordable.
To offer employee
benefits or not to offer
employee benefits?
This is a question many
smaller employers
struggle with.
Employee benefits offer employees
financial security and peace of mind. Our
research shows that removing financial
But now there stressors improves your employees’
is an affordable productivity. Employees who receive
and hassle- benefits that grow their wealth and offer
free solution: protection from unexpected life events, are
FundsAtWork more loyal. It can also help to attract and
Core. retain skilled employees.
While the business case may be sound,
many smaller employers, especially
those with low-income earners, still see
employee benefits as expensive and an
administrative burden.
Efficient. Effortless. Affordable.
FundsAtWork Core offers essential group retirement
and insurance benefits for employees. It is the ideal
solution for smaller employers.
FundsAtWork Core 2
The
FundsAtWork
Core
distinctive
value
proposition
Efficient.
Effortless.
Affordable.
Financial support • To experience the real value of Multiply, members can upgrade
to Multiply Premier at an additional monthly fee where they
• All the cost-efficiencies of an umbrella retirement fund PLUS
will enjoy even greater rewards from over 60 partners.
low asset management and administration fees.
• Members earning less than R5 000 per month don’t pay an
asset management fee so more money goes towards their EmployeeReturns
retirement savings. • Members with Multiply Premier can earn rewards called
EmployeeReturns to boost their FundsAtWork retirement
Simple, transparent, highly-competitive fee structure savings, their Momentum HealthSaver or their Multiply Money
savings wallet.
• Asset management fee of 0.40% p.a.
• Administration fee of R40 p.m. (incl. VAT)
Smart Counsel
Insurance benefits • Members have access to professional telephonic benefit
counselling to help them understand their employee benefits
• Critical illness, death and income disability benefits protect and improve their financial outcomes.
employees and employers against the potentially financially-
catastrophic impact of unexpected life events.
Smart Underwriting
Hello Doctor • A digital underwriting process that allows members to
complete their underwriting by answering a few short
• All employees can get expert health advice from qualified questions about their health and lifestyle in a fully secure and
medical doctors anytime, anywhere through their phone, tablet private digital space.
or computer, at no cost to them.
Multiply for Corporates
Access to Multiply Starter
• Employers can benefit from a unique programme that rewards
• All employees receive Multiply Starter at no additional cost businesses for creating a safe workplace and offering benefits
and can enjoy great rewards from top South African brands like that assist employees to be healthier, less stressed and more
Dis-Chem, Edcon, NuMetro, Intercape and takealot.com. productive.
FundsAtWork Core 3
Solutions
in a
nutshell
Income disability benefit
Funeral benefit Critical illness benefit • 75% of salary
Two options offered: • Employer waiver
• Cover for member,
• Core covers 7 critical illnesses • Choice of escalation rate and
spouse and children
definition of disability
• Cover for spouse and • Comprehensive covers an
• 3-month waiting period
additional 15 critical illnesses
children on a sliding scale • Initial period: 24 months
• Conversion option
Lump sum death benefit Members leaving their job
• Approved / unapproved Members can seamlessly move to the
• Conversion option Momentum Corporate Preservation
• Maximum termination age: Fund or remain in the Umbrella Fund
70 years when they change jobs.
• Cover to continue for
disability claimants
Conversion option Income at retirement
Members can use the conversion The trustees of the FundsAtWork
option to change their group Umbrella Funds have chosen
insurance benefits to individual life the Momentum Golden Income
insurance policies with Momentum With-Profit Annuity as their annuity
Myriad within 90 days of leaving strategy as it meets the needs of
their employment. most pensioners.
FundsAtWork Core 4
FundsAtWork Core:
here for your journey
to success
Minimum criteria Savings and investment Momentum Passive
• Minimum total contribution of • Umbrella Pension and Provident Lifestages is the default
Fund investment portfolio. The portfolio
R10 000 p.m. with a minimum
• Momentum Passive Lifestages moves members automatically from
of R3 000 going towards
more aggressive portfolios to more
insurance benefits • Inclusively or exclusively costed
defensive portfolios as they near
• Minimum of 5 members retirement.
Housing loan guarantees
Members have access to pension-
backed housing loan guarantee
facilities at preferential rates.
Efficient. Effortless. Affordable.
FundsAtWork Core 5Don’t wait for your employees to ask for
retirement and insurance benefits
Help them to build their wealth by unlocking the value of tax-free
retirement contributions. Be proactive and protect your business
against the financial impact their life events may have on your
business.
FundsAtWork Core
Efficient, effortless and affordable.
For more information contact your Corporate Specialist.
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Disclaimer:
Copyright reserved © Momentum Metropolitan 2019 – Momentum Corporate is a part of Momentum Metropolitan Life Limited (registration number: 1904/002186/06), a wholly
owned subsidiary of Momentum Metropolitan Holdings Limited. The document is for illustrative purposes only and does not constitute tax, legal, accounting or financial advice.
You rely on the contents at your sole discretion. We recommend that you consult with a financial adviser before making any changes to your group employee benefits. Momentum
Metropolitan Holdings Limited, its subsidiaries, including Momentum Metropolitan Life Limited, will not be liable for any loss, damage (whether direct or consequential) or
08/2019
expenses of any nature which may be incurred as a result of or which may be caused, directly or indirectly, to the use or reliance on this publication. Terms & conditions apply.
Momentum Metropolitan Life Limited an authorised financial services and registered credit provider Reg No 1904/002186/06 (FSP6406) and rated B-BBEE level 1.You can also read
