Market-leading solutions to inspire success

What’s keeping employees awake at night?

What if:

• I get really sick?• I become disabled?• One of my immediate family members passes away?• I pass away? • I get married?• I get divorced? • I don’t have enough money to retire? • I can’t cover household expenses and debt?

What’s keeping employers and HR awake at night?

• Attracting and retaining the right talent• Building and maintaining a diverse workforce• Motivating a multi-generational workforce• Improving employee engagement and morale • Improving productivity and performance• Employees’ mental, financial and physical health

Market-leading solutions to inspire success

Data patterns tell interesting stories. We use insights from these stories to understand the changing workforce. Our flexible solutions are designed to meet the ‘real life’ needs

and preferences of today’s and tomorrow’s employees.

The age of data

The whole person perspective Each unique individual operates in an ecosystem which impacts their attitudes, behaviour and performance, in and out of the workplace. Within this ecosystem, they juggle many journeys to different kinds of success.

We focus on the whole person, and how different factors impact on their personal circumstances and life journey. They create unique, personalised data patterns which tell us a great deal. These insights fuel the creation of the right solutions.

Our approach To deliver data-driven and insightful solutions, our approach is:

Macro-level research into consumers’ financial psyche, in collaboration with Unisa.

Working with financial advisers and employers to create tailored solutions.

Multi-level research with employers, employees and financial advisers.

Data analysis and integration across an extensive client base.

Constant monitoring of global and local developments and trends.

Understand Create

Designing the innovative building blocks for creating

flexible solutions

Design

Developing an in-depth understanding of pain points, needs and preferences.

The building blocks for your solution Do you want an employee value proposition that will keep employees engaged and productive, and help you to become or remain the employer of choice? Then you’ll need an employee benefits solution for the changing needs of a diverse, modern workforce.

An innovative, cost-effective umbrella fund Today’s members expect more. The FundsAtWork Umbrella Funds give them more. In addition to retirement and insurance benefits, members have access to a range of innovative value-added benefits to support their journeys to success.

FundsAtWork delivers value to members throughout their working life. This is particularly important when it comes to the younger generations of Millennials and Centennials - now the majority of our members. While their rising longevity prospects mean retirement provision is important, these generations also expect more immediate value from benefits.

FundsAtWork members have access to:

• Family Protector which includes funeral benefits, education benefits and cover to pay their Momentum Medical Scheme contribution if they pass away or become disabled. We also provide a study assistance benefit, through Studymaster, for their children in grades 1 to 12 while they are active members of the scheme.

• The Family Assistance Benefit which provides a 24/7 invaluable support to members during traumatic life events. At times like these, bereaved families or trauma victims need a helping hand to guide them. Cover is provided within the borders of South Africa, except for the repatriation of mortal remains which extends beyond South Africa in a number of African countries. This service includes a funeral assistance service, trauma and assault support, emergency medical services, legal assistance and bereavement counselling.

• Pension-backed housing loan guarantee facilities at preferential rates, with your agreement.

Create a solution tailored to the unique needs of your business and employees with these building blocks.

Member-focused administration for standalone funds Unique clients need unique solutions to help them save for retirement. We believe in partnering with trustees, employers and unions to deliver efficiently on the intended outcomes of their fund.

Momentum Retirement Administrators, a trusted partner to standalone funds, focuses on each member’s journey to financial success. We do this through excellent service, meaningful engagement and appropriate solutions.

We offer a wide range of different risk-profiled portfolios and underlying asset classes to choose from. A standalone retirement fund can use any portfolio, any combination of portfolios or combination of asset classes to construct their default investment portfolio.

If the trustees of standalone funds select Momentum’s Golden Income With-Profit Annuity or Golden Living Annuity as their annuity strategy, members of their retirement fund will have access to a professional benefit counselling service called Smart Counsel.

We offer innovative and flexible Group Insurance benefits that take into considerationthe unique needs of members and what the fund can afford.

Protection from unexpected life eventsWe believe that a business’ success hinges on the success of its employees. Engaged, effective employees have a greater chance of reaching their own financial goals, and are essential for a company to remain successful. Employees, who feel supported in a way that meets their needs throughout their journey, especially when facing traumatic events, also have a greater sense of protection, success in their work life and overall wellness.

We offer them peace of mind that they and their families will have the financial protection they need as a result of illness, disability and death.

Each employee’s life journey is unique. We understand their needs and protect them from the financial impact of traumatic events while at the same time supporting them throughout their journey.

Far more than just paying claims

Our research with members showed that they needed the most support when becoming ill or disabled. To answer this need, we established the Wellness Care Centre, with its own medical, forensic, legal, and technical capability. Disability claimants have access to a personal disability case manager who deals with them throughout their journey.

Many members who become disabled want access to rehabilitation and reskilling. To help your employees with this, our Wellness Care Centre has partnered with an employment agency that specialises in upskilling and placement of disabled employees.

PreservationHelp members increase their probability of retiring comfortably and being financially independent during retirement, they can preserve their retirement savings when changing jobs.

They can do so by preserving their retirement savings in the Momentum Corporate Preservation Fund. Preservation fund members will still get Multiply Starter and Hello Doctor at no additional cost. Reducing the direct and indirect costs of disability.

Smart ExitsAn award-winning service and industry-first, Smart Exits empowers members to make smarter choices when changing employers. Members leaving employment are taken on a journey which shows them their retirement savings in the present and at retirement, as well as how much tax they will pay if they withdraw their benefit.

Smart RetirementsSmart Retirements is a user-friendly ‘try before you buy’ digital platform which educates members on the different annuity products available and gives them the opportunity to look at the impact different decisions will have on their retirement.

Smart UnderwritingAnother award-winning service, Smart Underwriting was the first group insurance digital underwriting process available in South Africa. It allows members to answer a few short questions about their health and lifestyle in a fully secure and private digital space. Smart CounselSmart Counsel offers members access to a professional telephonic benefit counselling service to ensure they have the right information, at the right time, to make the right decision for their personal financial situation. Smart Counsel also addresses the default regulations requirement for retirement funds to provide member benefit counselling.

Smart ClaimsA verifiable technology-based solution, Smart Claims simplifies death and funeral claims at a time when members or their families are emotionally vulnerable and value simplicity and speed.

Smart OnboardingSmart Onboarding is the latest in our range of interactive digital solutions designed to connect with new members joining FundsAtWork. A choice of USSD or mobi channels offers members flexibility to engage through their channel of choice. Members are able to capture their personal information, learn about their benefits through our new education portal, and get access to free gifts. Smart Onboarding will be rolled out to new FundsAtWork schemes in 2020.

A Smart Experience that delights and drives smart choicesDriven by a changing, digital world where perceptions are shaped by disruptive technologies across all sectors, today’s members have heightened expectations of products and services. Our research shows that this is particularly true for the younger generations – Millennials and Centennials.

We work hard to live up to, or exceed, these expectations. We have developed a range of growing Smart Solutions to address these evolving expectations and help members to make smarter financial choices.

Our Smart Solutions are designed to inform and educate members at key moments on their journeys to success. All the digital Smart Solutions, as well as the member and employer portals, are backed by a dedicated team of experts who are just an email or a phone call away.

New generation smooth bonus investingThe Momentum Smooth-Edge Fund is a new generation smooth bonus investment solution, offering a low-cost, 100% capital guarantee on benefit payments. In addition, on average 50% of bonuses are guaranteed on benefit payments.

Not only does this investment solution offer members inflation-beating investment return prospects and protection from market volatility, but the significantly lower capital charge means more money goes directly to members’ retirement savings to bolster their retirement outcomes.

Outcomes-based investing (OBI) Most of our market-linked investment portfolios are managed according to the OBI philosophy. This philosophy targets a specific return over a chosen period and defines risk as the likelihood that the investment portfolio won’t deliver the return its targeting. The result is that risk is no longer reduced to three simple definitions of ‘low’, ‘medium’ and ‘high’, but is more closely aligned to the member’s financial goals.

Today’s members expect more

The right solution for your pensionersDoes your annuity strategy need the right annuity? Momentum Corporate offers two excellent options.

• The Golden Income With-Profit Annuity provides the security of a guaranteed income for life. In addition, annuity increases are declared every year. Once an increase is granted it will never be taken away. The new higher amount is guaranteed for the rest of the pensioner’s life.

• The Golden Living Annuity gives pensioners a regular retirement income based on the returns of a market-linked investment portfolio. A portion is withdrawn from their retirement savings each month to pay them a regular income. In addition to the monthly payments, the aim is to grow the remaining money in their Golden Living Annuity.

Daily value on members’ life journeys Our range of innovative value-added benefits provides daily value for members on their life journeys. Benefits include:

• Multiply is a leading rewards programme that guides, motivates and rewards members for taking everyday steps to enhance their financial and overall wellbeing. Multiply Starter membership is free with certain solutions. Members can also upgrade to Multiply Premier for an additional fee. FundsAtWork members on Multiply Premier who register for EmployeeReturns can earn financial rewards. These rewards can be used to boost their retirement savings, or can be paid into their Momentum HealthSaver or Multiply Money wallet to buy a range of exciting products.

• Members who download the Hello Doctor app have free access to professional health advice from qualified medical doctors anytime, anywhere through their phone, tablet or computer. This means less time in the waiting room and more time at work.

The Momentum Umbrella Beneficiary FundTrustees can place the death benefits for the minor children of a deceased member in the Momentum Umbrella Beneficiary Fund. These benefits are then professionally and prudently managed, with payments made towards the minor child’s educational costs and general living expenses. No tax is paid in the Fund. Any payment, whether capital or income, is tax-free.

This protects the benefits if the guardian or caregiver changes. The guardian or caregiver is also relieved of the burden of managing and investing the benefit.

Pay for your employee wellness initiatives with rewards We reward progressive employers who take good care of their employees. All employers with qualifying FundsAtWork, Group Insurance and health solutions can join Multiply for Corporates.

If you register with Multiply for Corporates you receive financial rewards which can be invested in initiatives that improve your employees’ wellbeing. Depending on the number of qualifying Momentum Corporate solutions you have, the safety of your workplace and levels of employee engagement, you can earn up to R600 for each employee every year to spend on various initiatives.

Healthcare for employeesMomentum Medical Scheme is designed to cater for individual member needs, rather than ‘one size fits all’ where individuals often don’t have enough health cover, or benefits that they don’t need – essentially wasting contributions monthly. Through the six Momentum Medical Scheme options, members are able to select the level of cover appropriate to their requirements and pocket.

Scheme members also have access to innovative complementary products, such as HealthSaver which is used for medical expenses and HealthReturns which rewards active members.

One employer is using their rewards to pay for their employee assistance programme. Another is building a gym for employees. How will you spend your rewards?

Health4Me In an effort to extend affordable healthcare cover to more South Africans, we introduced Momentum Health4Me. Health4Me is a primary health insurance solution and not a registered medical scheme. This product offers affordable, quality healthcare solutions through a network of providers.

Disclaimer:

Copyright reserved © Momentum Metropolitan 2020 – 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. The user relies on the contents at his sole discretion. A person should not act in terms of the information in this document without discussing it with an authorised financial adviser and should seek personal, legal and tax advice. Momentum Metropolitan Holdings Limited, its subsidiaries, including Momentum Metropolitan Life Limited, shall not be liable for any loss, damage (whether direct or consequential) or expenses of any nature which may be suffered as a result of or which may be attributable, directly or indirectly, to the use or reliance upon this publication. Terms & Conditions apply.

Momentum Metropolitan Life Limited is an authorised financial services and registered credit provider Reg No 1904/002186/06 (FSP6406) and rated B-BBEE Level 1.

03/2020

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