This is according to Association of Superannuation Fund Papua New Guinea (ASFPNG) President, Ian Tarutia.
In a statement announcing the ASFPNG plans to rebuild itself, Tarutia, who is also National Superannuation Fund CEO, said the K10 billion industry represents the retirement savings of over 700,000 members who are predominately PNG citizens.
“Getting ASFPNG back on its feet as our industry voice places the importance we, as representatives of the major funds in PNG, have in the oversight and management of member superannuation savings.
