Acting with care, diligence and good faith.
The trustees of the FundsAtWork Umbrella Pension and Provident Fund work to ensure that all reasonable steps are taken to protect the interests of members at all times. The Fund is guided by good governance, legislation and the Fund’s rules. The trustees act impartially in respect of members and beneficiaries.
The trustees have extensive knowledge and experience, and at least half of the members are independent and have no relationship with Momentum.
Regard is a qualified actuary and Certified Financial Planner® with over 10 years’ employee benefits
industry experience. He has held many roles including, Head of Product and CFO at Momentum Corporate until February 2022. His experience
ranges from product structuring, pricing, profitability and strategy across life insurance, retirement
funding, including umbrella funds, investments and healthcare.
FIA FASSA CFP®
Meeta is a CFA charter holder and a qualified actuary who specialised in investments. She has over 18 years of work experience, predominantly in asset management, and served as a portfolio manager for many years. She is well versed in the use of derivative strategies to enhance portfolio yield, with a focus on understanding and mitigating the associated risks. Meeta is currently the Head of Income Solutions (Annuities) at Momentum Corporate where she is responsible for the growth of the unit and providing strategic input at EXCO level. She is passionate about retirement savings and improving this landscape for future generations.
FIA, FASSA, CFA
Rajeev started his career in the pensions industry as Legal and Technical Officer of the then Institute of Retirement Funds in early 2000, where he published various industry legal updates and legal articles of interest. He liaised with the financial services authorities, SARS and National Treasury where he helped influence regulations to the advantage of retirement fund members. Rajeev joined Momentum Metropolitan Holdings (MMH) in 2008 and honed his skills in pensions, insurance and tax laws. He handles regulatory compliance and often liaises with the FSCA and the Prudential Authority. He also provides legal opinions to the Group, handles legal commercial aspects, product design, litigation and other disputes. He is an Admitted Attorney, Associate member of the Pension Lawyers Association and he represents MMH on ASISA’s Regulatory Affairs Board, analysing and commenting on draft legislation. He is passionate about financial services law and is currently completing an Executive Leadership Programme.
Wanjiru is an experienced board member for with-profit and non-profit companies with expertise on retirement
funds, medical schemes and consulting. She is an expert in sustainability, B-BBEE transformation and private equity.
Wanjiru has gained 25 years’ global finance and pension experience when she held executive management positions
at Shell, Mercer and FirstRand Bank. She is the founder of an initiative providing guidance to pension funds to
integrate sustainability into the investment process.
BA (Computer Science)
Etienne de Waal
Etienne was admitted as a Fellow of the Actuarial Society of South Africa in 1994. His career in the financial industry
spans more than 25 years and he has mostly worked in the employee benefits environment. His employee benefits
experience includes serving in various management positions. He is also a retirement funds trustee and director for
BCom (Hons) FFA FASSA
Sandile started his career as an actuarial assistant in 1980. He has held various positions, such as MD and consulting
actuary, at Anchor Life, Wits Centre for Developing Business, Munich Reinsurance Company, Safrican Insurance
Company, Optimum Assurance, Old Mutual and Momentum. He has been self-employed since 2014 and is the
director at African Origins Actuarial Solutions and the adviser to the Member Services Pillar of the National Union of
BBusSc (Actuarial Science), BCom (Hon. Financial Management)
Dr Olebogeng Selebi
Dr Selebi is a strategic government communications expert at the University of Pretoria, where she completed a PhD
in Communication Management. She is also the Associate Co-ordinator for the South African SDG Hub. She has
extensive teaching experience, having lectured approximately 2 000 undergraduate and postgraduate students every
year. She was also a visiting lecturer at HAN University of Applied Sciences in The Netherlands.
PhD (Communication Management)
Shaeera joined the industry in 2004 as a retirement funds consultant at Alexander Forbes. She moved to
Absa Consultants and Actuaries as strategic consultant and operations manager. She took part in the Absa
Development Initiative, offering young people with potential a series of growth opportunities to help them
deal with complexity, both emotionally and intellectually. In 2013 she joined Momentum Corporate and is
head of Strategic Client Services: Public Sector.
BSc, COP, CFP
Elsa is a chartered accountant and registered auditor. After she obtained her BComm Honours degree, she
did her articles at KPMG. She joined the employee benefits industry in 1996 and gained experience at
Alexander Forbes and NMG. She joined Momentum in 2008 as head of the retirement fund accounting
department and became the chief financial officer of FundsAtWork and Corporate Insurance. She is
currently the chief financial officer of Momentum Health Solutions.
BComm (Hon), CA (SA)
Hilda is a certified financial planner with more than 30 years’ experience in employee benefits. She worked at
Sanlam for 16 years before joining Momentum in 1999. Hilda worked in various roles, such as accounts
executive, regional manager and head of operations. Her overall responsibilities included strategic and
operational management and consulting to a national portfolio of clients. Hilda is currently the Head of
Client Service for FundsAtWork and Group Insurance.
Dip RFM, CFP, EDP
Ncumisa joined Momentum Corporate as the Executive: Member Solutions in 2021. She has extensive experience in financial sales and distribution across a number of companies in the insurance and banking industries. During the past 15 years she turned businesses around and successfully led high performing teams using her strong leadership capabilities and passion for delivering results. Her strength lies in strategy conceptualisation and execution. In 2019, she attended the IMD business school in Switzerland, sharpening her skills and gaining an in-depth understanding on matters that are crucial in transitioning into business leadership.
BCom (Economics and Business Management), MBA
Nirendree joined Momentum Metropolitan (MMH) in 2008 as a Tax Specialist and Tax Compliance Manager and later became the Insurance Tax Manager. Since 2014 she has been the Head of Insurance and Investment Taxes, assisting with developing and maintaining the Group’s tax strategy and related policies and procedures. She is accountable for planning and implementing the best practice framework for MMH’s insurance business and manages all aspects of the Group’s corporate tax compliance.
Nirendree is also a member of the ASISA IFRS17 and ASISA Life Work Groups.
MCom Taxation, CA (SA), BCom Accounting (Hon)
Tania is a certified financial planner. She began working in 1995 in the employee benefits industry before
moving to Absa Consultants and Actuaries in administration, consulting and trustee training for 7 years.
Tania consulted for 4 years at Lekana Employee Benefits, which was incorporated into Momentum, and has
been an independent principal officer for a number of funds since 2007.
Post Graduate Diploma in Financial Planning (CFP)
Legal and Compliance
We stay compliant to protect your interests.
Find legislative updates and requirements in the resource centre.
We ensure that the interests of members in terms of the rules of the fund and the provisions of the
Pension Funds Act are protected at all times.
We keep our clients up to date with legislative changes and requirements. Members, employers and financial advisers can find the latest information in the resource centre.
We adhere to the guidelines of several institutions and bodies that exist to oversee all aspects of the employee benefits industry in South Africa. The main ones are:
Financial Sector Conduct Authority (FSCA)
The FSCA is the market conduct regulator of financial institutions that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures.