Momentum named as Investment Product Supplier of the Year at the SAFSIA Awards 2007

Momentum has scooped the coveted first place as the Investment Product Supplier of the Year at the South African Financial Services Intermediaries Association (SAFSIA) awards held in Sandton last night (Tuesday 05 June 2007).

This is the second year that the awards have included this category and it has become a keenly contested and much sought-after accolade in a highly competitive market sector. Momentum's continual product innovation in its Investo range which involves a monthly recurring premium going into savings and retirement solutions, as well as Momentum Wealth's lump-sum investment solution linked to unit trusts, direct shares and other investment instruments, has set the company apart from its peers.

Kobus Sieberhagen, CEO of Momentum Sales said that Momentum has a consistent focus on financial advice that serves as a key differentiator. 'We believe that you cannot put monetary value on good financial advice. With the growing complexity of financial products and the diversity of our industry, sound financial advice is non-negotiable. It is an area where intermediaries add immense value.

'Another dimension of our business,' he says, 'is our commitment to service excellence. This accolade reflects the trust that intermediaries place in us to assist them in providing their clients with successful investment solutions. We are committed to maintaining this standard of innovation and delivery for our intermediaries. I believe we would not enjoy this recognition if our products did not translate into marketable solutions that matched consumers' needs,' he said.

An impartial survey among SAFSIA members by an independent research company determines this annual award. Intermediaries are invited to rate their direct experiences with product providers in several categories. The awards therefore reflect genuine service delivery to SAFSIA members.