retirement
benefits

There are four options under the FundsAtWork umbrella and preservation funds.

The four options are Founder, Narrator, Provider and Entrepreneur. On the FundsAtWork umbrella fund the employer decides on the default option/s within certain parameters. Thereafter the members have the ability to move to the option that suits them best also within certain parameters.

Founder is the most cost effective option with no flexibility, and provides benefits similar to the proposed National Social Security Fund. The employer makes the initial selection; if members and employers want flexibility then they need to move to the Provider, or Entrepreneur option.

Narrator is the option that follows Momentum's house view on retirement and insurance benefits, which are packaged together according to what a typical member's needs are, at certain ages.

Provider is the option where we introduce flexibility. It is appropriate for members and employers who have more complex needs based on their company structure or need a degree of flexibility. Building blocks are provided for selection.

Entrepreneur is the open architecture choice, appropriate for members and employers who are highly financially sophisticated and require the ability to structure specific and unique investment and insurance profiles using a selection of unit trusts and Momentum portfolios. Members on Entrepreneur require flexibility on their insurance benefits.

The investment portfolios available for each option are:

For more information on each portfolio, visit the Investment portfolios section of our website.

Web applications

FundsAtWork offers web applications that allow members, employers and brokers access to information and the ability to transact electronically.

For members

If you are a FundsAtWork member, please call our client contact centre at 0860 65 75 85 to register for access to our secure site.

For employers

Employers who participate in the FundsAtWork umbrella fund receive automatic access to our secure site.

For brokers

Brokers who support the FundsAtWork umbrella fund receive automatic access to our secure site.

Member cellphone and email notifications

Members are able to subscribe to our sms and email notifications to receive valuable event driven notifications about their benefits and transactions. To subscribe phone our client contact centre on 0860 65 75 85.

Housing guarantees

With the employer's agreement, individual members under the FundsAtWork umbrella fund have access to home loan facilities via an arrangement with First National Bank or Standard Bank, using their retirement savings account as a guarantee against the homeloan. FundsAtWork has negotiated preferential interest rates and will facilitate the application process through real-time systems.

An extra advantage for the member taking out a loan through FNB is that should they be retrenched, become disabled or die, then a portion of their outstanding loan is settled. In these cases certain terms and conditions apply. Members wanting to take this up should speak to their employers.