Momentum Corporate is a division of MMI Holdings.
Ramnarain said given the political uncertainty in the country what the smooth bonus fund was offering was a reduction in that volatility.
The fund takes the market returns, keeps them in a reserve and then passes them on to policyholders every month.
“We aim to kind of reduce that market volatility and reduce the member’s exposure. Smooth bonus funds come with some sort of guarantee, depending on the product you choose; any money you put in can be guaranteed. So not only are you protected against that volatility, but also on the downside as well. Given where markets were recently, we have seen an increase in entrants in the smooth bonus, especially on the corporate side. Retirement funds consultants have been asking more about that and the recent default regulations,” said Ramnarain.