CUSTOMERS SHOULD HAVE CONFIDENCE IN SUPERFUNDS, SAYS MR CLARENCE HOOT

MANAGING Director of the Investment Promotion Authority, Mr. Clarence Hoot urged customers to have confidence in the two superfunds in Papua New Guinea, National Superannuation Fund (NASFUND) and Nambawan Super Limited (NSL)

Mr Hoot made this remarks when commending Nambawan Super Limited (NSL) and Nasfund on their continued outstanding performances following their recent announcements of annual interests credited to their members’ accounts.

Last week both superfunds declared their profits with NSL credited 12% interest to their members’ accounts while Nasfund paid 13% to their members.

In congratulating the Super Funds for declaring profits after their 2025 audited results, Mr. Hoot said that
the funds were a secured investment vehicle supported by experienced managers in growing the members’
contributions for their future retirement benefits.

He says, continued increase in the interest rate by the super funds over the years should give confidence to its
members and the general public as a whole.

They are an avenue for the public to invest their money instead of investing in money schemes.

The public is encouraged to explore opportunities and consider super funds as a trusted avenue to secure
investment for their future sustainability.

In a statement, Nasfund Chief Executive Officer Mr. Rajeev Sharma said that for the first time in the history of Nasund that the profit after tax had surpassed one billion Kina which he attributed to the strength of their investment strategy and disciplined financial management.

Similarly, NSL had announced strong 2025 financial results as the Fund assets reached K13 billion which they said reflected continued growth despite a challenging global and domestic economic environment.

Mr. Hoot said such performances should give confidence to our local SMEs and the public to invest in the Funds and allow the Funds to grow their investments.

The Investment Promotion Authority will also explore ways of working with the super funds on investment
opportunities within PNG and abroad.