Nasfund

Under the program, Nasfund members will be able to benefit from a 15 percent discount when purchasing products and receiving services at any of Hannah’s Beauty Box outlets in Port Moresby. This discount is offered on all salon services, including boutique items and products

Nasfund’s General Manager for Marketing, Communications, and Research, Turaho Morea said this partnership outlines the Fund’s ongoing commitment in providing value for its members.

The e-branch contains a collection of various digital services for Nasfund members to use.

Nasfund launched this service with the aim to address queues at its branches. With an increase in the use of technology in PNG, the e-branch will enable Nasfund members to use this service through different means of technology.

The presentations were delivered through close collaboration between Nasfund’s regional team leaders at its branches and PIL’s 15 centres throughout the country.

The shop floor presentation covered information on Nasfund’s products and services, including on-site assistance to fill out forms, take ID photos, and other important information about the superannuation.

This initiative was driven by a shared commitment to enhance employee well-being and financial awareness.

Ramu Agri Industries Limited secured the Chairwoman’s Category A Award, while Category B and C went to Marie Stopes and Trends PNG Limited respectively. The event was held to acknowledge employers who faithfully adhered to Nasfund’s superannuation procedures.

These three (3) distinguished companies were among nine (9) other awardees across five categories, and an additional 22 runners-up for both first and second place, all recognized during the 5th Annual Employer Awards event hosted by Nasfund on Friday, August 18th, 2023.

As part of this renewed collaboration, Nasfund members will continue to enjoy an exclusive 20 percent discount on normal room rates and restaurant food plans at the Sanctuary Hotel Resort and Spa.

Nasfund’s Chief Executive Officer, Rajeev Sharma said the ongoing partnership between Nasfund and Sanctuary Hotel Resort and Spa exemplifies a commitment to providing unmatched benefits to Nasfund members.

Through this collaboration between the National Superannuation Fund Ltd (Nasfund) and Pacific International Hospital (PIH), more than 50 staff of Nasfund based in both Port Moresby and the branch operations, who joined in via Zoom attended the session on the 14th of July 2023.

Dr Mathias Sapuri, an author and publisher of more than 60 books with 35 years of clinical experience conducted a comprehensive health talk, that ensured all staff members are equipped with vital knowledge about cancer prevention, detection, and early intervention.

From May 8th 2023, the Fund is introducing the payment of superannuation on unpaid maternity for its female staff – a first for the industry, and for the country.

According to Nasfund CEO Rajeev Sharma, Nasfund is promoting gender equality and bridging the gap that exists with the disparities faced by women at the point of retirement.

He pointed out that superfunds have been fundamental investors in BSP, which is a source of pride for all those involved.

Sayer mentioned that Nasfund, Nambawan Super, and Comrades Trustee have invested in BSP, which has branches across the Pacific, including Cook Islands, PNG, and other locations. Adding that businesses across PNG are also venturing out into the Pacific, demonstrating a two-way process.

Sayer concluded by emphasizing the benefits of working together as a cooperative, despite different aims and perspectives.

The Nasfund Board approved an interest crediting rate of 4.3 percent for the 2022 financial year during the board meeting held on 9th March, and over K260 million will be allocated into over 650,000 member accounts in the coming days.

At a farewell dinner hosted by the Fund, past and present Board chairmen, directors, staff, colleagues, and family members thanked Mr Tarutia for his services to the organization, the industry, and the country.

Nasfund Board chairwoman, Tamzin Wardley paid tribute to Mr Tarutia for his exceptional leadership of the Fund over his 35 years of service.