Following the success of the first two of four Regional Engagement and Awareness (E&A) sessions in May, Nambawan Super Limited (NSL) held the third E&A session in Kokopo, East New Britain Province.
The third regional E&A session was hosted on Friday, 27 June 2025, at the Gazelle International Hotel. Over 100 members attended the event, including participants who travelled in representing the Autonomous Bougainville Government, Parliamentary Services, West New Britain Provincial Health Authority, and Monle ESR Services, Lihir.
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 sessions, therefore, aim to allow members and their employer representatives to ‘stay where they are’ while NSL comes to them,” Paul Sayer, chief executive officer of Nambawan Super Limited, said in a statement.
Sayer said that 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. They also aim to provide an opportunity to hear directly from members and employer representatives—their concerns and challenges—and to answer any questions they may have, fostering deeper support and collaboration between the Fund and its members throughout the country, he added.
At the regional E&A sessions Sayer, together with members of his executive management team, shared the positive results delivered in 2024. Key highlights included the strong growth of the Fund’s net asset value, now at K11.2 billion (USD3.2 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 (USD 297 million) was also shared, including how this translated into a 10.5 per cent interest rate, which was credited to all 235,888 members’ accounts on Monday, 24 March 2025.
Members were informed of other important financial results, such as the K961 million (USD USD 259.47 million) received in member contributions and, more importantly, the K703 million (USD 189.81 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 also updated on 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.
Some of these highlights included the official opening of the Moki Business Park located in Port Moresby’s Waigani Business and Government District in June; the successful transition to a new workflow and document management system to help better manage member queries in August; the implementation of an investment management system in November; and finally, the launch of the Nambawan Employer Pay (NEP) Portal in December.
“Our employers will be pleased with the launch of the NEP Portal, which aims to significantly improve data accuracy and operational efficiency by allowing employers to easily update and send member contributions that can then be immediately reconciled by Nambawan Super seamlessly and efficiently, with improved turnaround times and accuracy,” Sayer said.
“This is a great benefit for our members as their contributions are reconciled and receipted into their accounts faster than ever before,” the official added.
Attendees were encouraged to remember that superannuation is a long-term investment, and that while year-to-year results may vary, it is important to maintain a long-term outlook.
Sayer added, “As a profit-to-members fund, protecting and growing our members’ savings is our highest priority and we are proud to have delivered on this promise in 2024.”
“On behalf of the NSL Board, management and staff, I take this opportunity to extend our sincerest thanks to all our stakeholders, employers and most importantly to our members past and present,” he said.
“The Fund has been diligently serving its members for over 60 years, and as we prepare to celebrate the country’s 50th Independence Anniversary, we reflect on our own journey and contribution to nation-building over the years through significant investments that have bolstered the economy, provided employment opportunities, and delivered improved infrastructure, among many other benefits. We look forward to continuing our strong contribution to PNG’s growth now and for the next 50 years to come,” he concluded.
The first regional E&A session was held in Goroka on Wednesday, 14 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.
Members present during these sessions took the opportunity to ask questions and raise their concerns directly with the NSL Board of Directors and management, receiving clarification and answers to their queries. Following the events, members expressed their satisfaction, stating that they were very pleased with the results of the Fund in 2024, and excited to now understand the different assets and brands they own throughout PNG through their superfund NSL.
They also acknowledged and thanked NSL for hosting the regional E&A sessions in Kokopo, Goroka and Lae respectively, bringing together members and delivering an extremely informative and educational event.
NSL is looking forward to meeting its members and their employer representatives at the upcoming regional E&A session, which will be held in Kavieng in the coming weeks.
