Following the success of the annual Employer Conference held in Port Moresby in April, Nambawan Super Limited (NSL) held the first two of four Regional Engagement and Awareness (E&A) sessions in May.
NSL said that the first Regional E&A session was held in Goroka on Wednesday, 14th May 2025, at the Bird of Paradise Hotel.
“Over 100 NSL Members from Eastern Highlands, Chimbu, Jiwaka, Western Highlands, Enga, and Southern Highlands Provinces attended the event, representing over 79 Employer groups.
The second Regional E&A session was hosted in Lae on Wednesday, 28 May 2025, at the Lae International Hotel with 100 Members in attendance representing 60 Employer groups.
While the annual Employer Conference held in Port Moresby is NSL’s largest stakeholder event, attracting over 400 Employer Representatives from across the country, NSL understands that the majority of its 235,888 Members are located outside the Capital City.
The “Regional Engagement & Awareness (E&A) Sessions” therefore, aim to allow Members and their Employer Representatives to ‘stay where they are’ while NSL comes to them.
These events intend to create a platform for NSL to engage directly with Employer Representatives and Members, sharing vital information about the Fund’s performance, the progress of key initiatives, and the outlook for the current year. It also aims to provide an opportunity to hear directly from Members and Employer Representatives, their concerns and challenges, and answer any questions they may have, fostering deeper support and collaboration between the Fund and its Members throughout the Country,” NSL stated.
NSL CEO, Mr. Paul Sayer, together with members of his Executive Management team, shared the positive results delivered in 2024.
Mr. Sayer stated that key highlights included the strong growth of the Fund’s Net Asset Value now at K11.2 billion, making NSL the Country’s largest Fund in terms of Funds Under Management.
“NSL’s 2024 record high Net Profit after Tax of K1.1 billion was also shared, including how this translated into a 10.5 percent interest rate which was credited to all 235,888 Members’ accounts on Monday, 24th March 2025.
Members were made aware of other important financial results, such as the K961 million received in Members contributions, and more importantly, the K703 million in Benefit Payments to Members and or their Beneficiaries.
Members were reassured that their superannuation savings remained safe, and would be made available to them, together with their Employer contributions received by NSL and the interest earned, when they are ready to retire.
Attendees were told of several key initiatives delivered in 2024, aimed at improving operational performance and efficiency, investment capabilities and the quality of customer service and experience provided to Members,” he said.