EMPLOYEE BENEFITS 2024/5 BEST TIPS AND ADVICES

Here’s why you should partner with Momentum Corporate for employee benefits, including pension funds and provident funds, group insurance, investments and annuities and standalone retirement administration services:

• checkAward-winning FundsAtWork Umbrella Pension Fund and Provident Fund.
• checkMarket leading group insurance cover for group life and disability benefits.
• checkEmployee financial wellbeing, including retirement benefit counselling, medical aid, and preservation funds. Our Member Hub has all the tools to support them on their journey to financial success.

Helping employees make
smart financial decisions

We understand that the journey to financial success for employees can be challenging, that’s why we offer tools and services to support them along the way.

Member Hub

The Member Hub was designed to make it easy for members to access information about their employee benefits. They’ll have access to Retirement Benefit Counsellors, webinars, videos, and so much more! Plus, they can register to attend an online event where experts cover various topics each month.

The employee financial wellbeing and advice
programme
This programme consists of the following key elements:
Financial education

We provide onsite workshops to your employees in English, but our trainers are able
to present in your preferred language on request. The duration of the workshop can be
tailored to suit your needs. These workshops play an essential role in making employees
aware of the services and benefits of this programme.
Content includes:
Financial coaches and financial advice
Our financial coaches will communicate through one of many face-to-face engagements
with your employees.

T hey will be provided with the information and knowledge so they
have the best chance of achieving their life goals. All employees participating in the
financial education programme will have the opportunity to see a qualified and trained
financial coach for a follow-up one-on-one session. The coach will assist employees
with a needs analysis and drafting of a financial plan, including goal setting, budgeting,
credit building / rebuilding, debt repayment, savings and growing assets. They will also
monitor the employees’ progress towards reaching their financial goals.

The financial coaches can assist employees with:
• Understanding my payslip;
• Creating and tracking my budget;
• Understanding different types of
debt;

• How to spend wisely;
• Saving for my future and dreams;
• Healthy choices and my financial
health;
• My retirement fund benefits and
options;
• My insurance benefits; and
• Life after retirement.
• Understanding their payslip
• Creating and tracking their budget
• Understanding different types of
debt

• How to spend wisely
Aggregated
financial fitness
analysis
• Their retirement fund benefits and
options
• Their insurance benefits
• Life after retirement
• Access to a credit report

Make the most of Multiply
Multiply is our rewards programme that guides, motivates and rewards members for taking everyday steps to enhance their
financial and overall wellbeing.

All FundsAtWork members have access to Multiply Starter for free.
Our consultants will help your employees understand Multiply, their status and how to improve it, upgrade to Multiply Premier
and how to access their benefits.
Multiply for Corporates is our rewards programme for businesses. It encourages employers to take care of their employees’
financial and physical health and to create a safe workplace. They can earn up to R600 per employee per annum.

Smart Counsel
Smart Counsel helps employees make smart financial choices, during their working lifetime and at retirement. One of the many
ways we do this is to make sure employees have the right information at the right time, so that they can make the right decision
for their personal financial situation. This leads to better informed decision-making and improved financial outcomes.

Our telephonic benefit counsellors will help your employees understand:
• Default investment portfolio/s;
• Default in-fund preservation option for employees who
move between employers before retirement;
• Annuity strategies to ensure that employees are able to
convert their retirement savings into a retirement income
at retirement; and
• Any other benefits and options that employers offer to
their employees.