24.7 C
Port Moresby
September 19, 2021
News

Nambawan Super Hosts Annual Employer Conference

Papua New Guinea superannuation fund, Nambawan Super Limited, held its annual employer conference in Port Moresby today.

About 120 employer groups from around the country attended the conference which was held at the Holiday Inn Hotel.

For NSL, the annual conference was an opportunity to communicate important changes and issues as well as allowing employers to air their views on how the Fund should operate.

The conference went through the 2016 Member Services Operational Highlights that included technology advances and new innovations.

The market positioning of the super fund was also discussed, including the fund’s K5.8 billion asset base, K404 million profits and 9% interest for NSL members.

Going forward, Nambawan Super is looking to resolving some of its challenges with assistance from its employers.

NSL resolutions include getting employers to remit on time; whilst other issues include ensuring members fill in their bio data, their nominated beneficiaries listing, and to know more about the NSL Internet Application.

Acting Chief Executive Office, Vere Arava, said NSL remains committed to serving the employers in providing the best possible returns considering market conditions.

Mr. Arava assured employers that NSL has strong internal audit and risk management systems to protect members’ contributions.

 

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