Momentum FundsAtWork Archives

27 Sep 2021

'Artificial resignations' are not legal

By Staff Writer

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.

12 Mar 2020

Retirement funds can help to give savings momentum

By Janice Roberts

Government’s attempt in the recent budget speech to encourage South Africans to save more is welcomed. The annual investment limit in Tax Free Savings Accounts was increased from R33 000 to R36 000. However, this move is unlikely to spark any real change in South Africans’ savings behaviour. We are clearly not a nation of savers...

29 Aug 2019

How will your death benefits be distributed?

By Janice Roberts

The main purpose of a retirement fund is simple: build up enough retirement savings during your working years so that you are able to continue living the lifestyle you have become accustomed to when you retire. Retirement planning is therefore the simple concept of planning financially for the day you retire. Life, however, does not...

26 Jul 2018

Knee-jerk decisions undermine employees’ retirement outcomes

By Janice Roberts

Retirement fund members invested in more aggressive portfolios delivering poor returns during certain market cycles may be tempted to make emotional, short-term decisions. Katherine Barker, Head of Momentum FundsAtWork, says financial advisers play a key role in helping members to avoid hasty portfolio changes that reduce the probability of reaching their long-term retirement goals.