Momentum Corporate’s multi-employer umbrella fund, FundsAtWork, is receiving requests from participating employers to allow members to resign “artificially” to get access to their retirement savings. Employers then reinstate the employee once they’ve obtained access to their savings.
The biggest risk facing organisations and wider society today is the mental health of our workers and citizens. The pandemic was an unexpected and unprecedented global event that demanded we change our lives drastically, in an unusually short space of time.
Launched in 2020, the inaugural Financial Planning Summit was an outstanding success, with nearly 1000 delegates enjoying the market-leading content. The virtual conference will be brought to delegates in 2021 by The Collaborative Exchange and in conjunction with Investec and Adviceworx as the lead associate sponsors
In a highly competitive financial service offering like life insurance, delivering differentiated and memorable customer experiences across every touchpoint of the insurance journey have become more crucial than ever. COVID-19 has left in its wake a combination of altered life expectancy and forced migration to digital integration in virtually every aspect of daily living,
As a result of the pandemic, women are more financially exposed than ever. The latest Momentum | UNISA Household Financial Wellness Insights says that women, who make up 51.1% of the South African population, were hardest hit by the lockdown. Just over a million either lost their jobs or were prevented from working.
2020 was the year of the retrenchment and unfortunately, 2021 may not fare much better as the world continues to fight the effects of Covid-19. The latest Statistics SA Quarterly Labour Survey found that the number of unemployed persons increased by 701 000 to 7.2 million in the fourth quarter of 2020.
Nobody can deny the devastating impact that COVID-19 has and will continue to have on the global economy. Our personal finances are threatened from all ends, as the lockdown has left millions of South Africans desperately seeking additional sources of income.
When Momentum reflected on life insurance pay-outs for Covid-related deaths in October last year, it recorded at around R160 million, which seemed like a big number. Fast forward to end February 2021, and it pales in comparison to the staggering R750 million worth of Covid related death claim pay-outs by Momentum.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za