Nasfund

This is the first program of its kind where employers can benefit from discounts using their membership card that was issued during the launch.

Nasfund chief executive officer, Rajeev Sharma Sharma says this figure is very low in the country and more needs to be done to increase the number.

Nasfund this morning hosted the CEO Business breakfast at the APEC Haus in Port Moresby, bringing together departmental heads in the business community to make known to them the low contribution status and how best to work together to improve on the numbers.  

“We launched e-branch in 2023, and this will be followed by more digital initiatives like a WhatsApp appointment process and strategic initiatives aimed at improving the overall member experience. This means putting more of an emphasis on adding value for our membership while also helping them increase their retirement funds. 
 
In an official media release, Nasfund stated that its members' fund was adversely impacted by the events of 10 January 2024 in many ways.

According to Nasfund’s Chief Executive Officer, Rajeev Sharma, the system is the latest addition to its suite of digital offerings under the Funds eBranch services launched in October 2023.

“At Nasfund, we are committing to leveraging technology to improve the member experience and the WhatsApp Appointment System is another step forward in fulfilling this commitment,” Sharma said.

The team was led by the general manager for Marketing, Communications, and Research Turaho Morea who spoke on behalf of the chief executive officer, Rajeev Sharma to over 200 Grade 11 students of Sogeri National High School of Excellence.

As part of the Fund’s ‘Young Savers Campaign’ to promote superannuation literacy awareness, this was the second school visited by Nasfund after St. Joseph's International Catholic College.

Morea said some of these students are future members of Nasfund when they venture into the private sector workforce 5-6 years from now.

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.