1. finance
2. personal finance
3. financial planning
4. retirement and pension

ISSUE 26 JULY - AUGUST 2014
Investments
Nambawan Super has the largest and best investment
portfolio in Papua New Guinea.
NSL invests around 4.2 billion kina on behalf of its members. It has around a third in cash and government bonds,
around a third in PNG companies and around a third in
properties and overseas assets.
This mix is not far away from a tried and tested formula
that was devised centuries ago.
The oldest recorded asset allocation advice is from biblical
times and recommends: “Let every man divide his money
into three parts, and invest a third in land, a third in
business, and let him keep a third in reserve.”
Here are some of NSL’s share investments in Papua New
Guinea.
Member Benefits
Access your Superannuation
Balance at your fingertips
Upgraded Nambawan
SupaTextTM Service
Super
Regist
Formration
Nambawan Super
at BPNG Financial
Inclusion Expo 2014
Use your Membership Number and PIN to access your:
Nambawan Super recently participated in the Bank of
Papua New Guinea’s Financial Inclusion Expo. Under the
theme “Save now to make your Dreams come true” the
expo was held in Kokopo, East New Britain province from
16th – 20th July at the Warwagira Show grounds.
Statement online using a smartphone at:
www.nambawansuper.com.pg
Balance and other information on mobile:
BMobile: MembershipNumber*PIN to 16661
Digicel: *661*MembershipNumber*PIN# Send
Signing up is simple! Complete a registration
form available at all Nambawan Super
branches or on www.nambawansuper.com.pg
Return the completed form to Nambawan Super.
It’s secure! Your unique PIN safeguards your
privacy and account security.
It’s satisfying! Nambawan Super Members have
PNG’s highest average super account balances.
See yours grow over time!
Fill out an SMS registration Form with your unique PIN
Number and start watching your money grow today!
Each month we’ll test your knowledge about
superannuation and Nambawan Super with
a competition open to Members*.
The aim of the expo was to promote savings cultures for
Papua New Guineans in a society overwhelmed by barriers
to saving.
Nambawan Super Limited was a Gold Sponsor of the 2014
Financial Inclusion Expo and NSL staff were at hand to
showcase our products and services to our existing
members and up-and-coming potential members.
NSL marketing team whilst in Kokopo also did a number of
member presentations on Super Smart e-Services,
Voluntary Contributions, Nambawan Savings & Loans
Society to members from the following organisations;
Rabaul ULLG, Nonga General Hospital, Rabaul Volcano
Observatory and PNG Ports Corporation and Department
of Works, PNG Customs, Cocoa Board of PNG and PNG
Power.
Comp
etition
Corner
Last issue’s competition saw a record number of responses. The correct
answer to “what is the name of Nambawan Super’s residential
development at 8 Mile near Port Moresby NCD?” was Malolo Estate.
Yaganame of UOG whose names were drawn from the correct entries.
You are both winners of K100 City Pharmacy vouchers.
Competition 25 ...
We believe that ours is the best investment portfolio in
PNG and look forward to our members receiving good
strong safe returns for many years to come.
What are some of Nambawan Super Ltd’s share investments in Papua New
Guinea? (Name at least 6)
Email your answer to [email protected] with Competition 25 in
the subject line. Entries close at 5:00 pm on Friday 5 September 2014. All correct
entries will go into the draw for a chance to win one of two K100 gift voucher
from City Pharmacy. The winner will be announced in next issue of Tok Tok Super.
* Employees of Nambawan Super and their marketing agencies are not eligible to participate.
Tok Tok Supa Editor: [email protected]
contact
US
Head Office
Port Moresby
Era Rumana Building,
Champion Parade
Tel: 309 5200
www.nambawansuper.com.pg
Above: One of the keen members listening attentively as NSL’s senior marketing
officer explains the new product, Choice Super to him.
In the Spotlight
NSL Rolls out membership ID Card
Nambawan Super is currently doing bulk processing of
65,000 ID Cards for members. Member visits to NSL offices
has increased four-fold since the bulk processing was
launched on the 16th of June 2014. As at 16th August (in
For more information contact our call centre on Digicel: 7333 7777 or
Bmobile: 7611 2222 | Email: [email protected]
Super
As you know it is in the best interests of
members for NSL to be a long term investor
and as such we believe NSL has positioned its portfolio to make
sure we provide sound long term future returns. Now that we
have passed the half way mark for the year we can reflect on our
current performance.
The mid-year review of financial performance of the Fund reports
lower growth due to a number of factors.
A change in the way we estimate the value of Government
Securities on a market related basis is having a negative impact on
the financial performance. Members are advised that this is a timing
issue and there is no realised financial loss for the Fund. The
calculation method highlights a notional paper value reduction in
interim years until assets mature and full market values are realised.
As highlighted in past annual accounts a slowing of activity in the
PNG economy following the wind down of the LNG project is having
an impact generally across all sectors including our investments.
I’d like to point out that these are only short term issues that are not
material for the Fund as it is a long term investor. The second half of
the year is generally better due to stronger receipt of dividends and
rental in any event.
NSL’s operational performance on streamlining systems and
processes and redefining a progressive organisational culture to
serve members better is tracking well. Through a Continuous
Improvement Program, initiatives such as 24 hour turnaround times,
enhanced mobile and online services, automation of contribution
uploads for Savings and Loans, a Choice Super product to cater for
those outside the formal workforce and others have been rolled out
to deliver convenience and efficiency for NSL members.
Garry Tunstall,
Chief Executive Officer
Congratulations to Vergil Sihinue of NGCB and Daisy
Some of Nambawan Super Limited’s investments are in
private companies. Because there are no new shares
available in many of these unlisted companies, no other
investor can assemble a portfolio like Nambawan Super.
From the CEO’s Desk
Story continued next page
In the Spotlight
continued from page 1
Savings & Loan Update - Nambawan Savings Achieves 100% Automation
two months), NSL has processed and delivered 16,000 ID
Cards for members and looks set to process another
34,000 ID cards by 31st of December 2014.
Nambawan Savings and Loans Society (NSLS) has now
reached 100% automation for all employer contributions for
more than 45 contributing employers in July of 2014.
In 2013 a Membership ID Card Project was set up to
pre-print ID cards for members throughout the country in
order for them to have an ID Card each. 65,000 members
that updated their bio data including contact details with
NSL received pre-printed member Ids.
This means member contributions, loans and withdrawal postings
can now happen within 24 hours. NSLS was incorporated in
October of 2010 acquiring over 10,000 members and deposits in
excess of K20 million over the last four years.
Pre-printed IDs were sent to respective provincial offices to
distribute to members; capturing ID photos and signatures
before posting to Regional Offices in Port Moresby, Mt.
Hagen, Goroka, Kokopo and Lae for printing. Once
delivered to members, the ID Cards can be used to access
major discounts from NSL’s loyalty partners around the
nation such as Air Niugini and Brian Bell to name a few.
Realising your short-term
financial needs!
We offer 3 Savings Accounts:
General | Education | Christmas
With a growth rate of registering 400 new members on a monthly
basis around the country, NSLS has also acquired and installed
extra workflow system licensees to the regional centres of Lae,
Hagen, Goroka, Kokopo and the head office Call Centre to service
members effectively and efficiently.
HOLIDAYS
MOTOR VEHICLE
BRIDE PRICE
SCHOOL FEES
MEDICAL EXPENSES
FUNERAL EXPENSES
CEO Garry Tunstall thanked the staff and management of the
Society for their stellar efforts and encouraged them to aim
higher.
Have you received your 2013 Statement together
with your pre-printed ID Card?
Produce your ID Card at your nearest NSL
Branch for your ID photo print processing and start enjoying
our great membership disounts today!
Nambawan Savings
& Loan Society Ltd
Above: Nambawan Super Ltd’s PR & Marketing Officer displaying the first batch of
pre-printed membership ID cards for BPNG. The pre-printed ID Cards project was
introduced earlier this year.
Tunstall said “change is not a destination but a journey. We can go
from a good organisation to a great organisation if we can sustain
the drive and motivation to see enhanced value for members in
the type of products and services that Nambawan Super offers
including savings and loans”.
FOR MORE INFORMATION
CONTACT THE SAVINGS & LOAN
TEAM TODAY!
Phone:
309 5315
Digicel: 7333 7777
Bmobile: 7611 2222 Or
Nambawan Super member applauds Choice Super
product as the way forward to save.
Her day always starts with a prayer at 3am in the morning which
also kindles the adventure in her kitchen. By 4am the nice aroma
of flour battered fish and sweet potatoes (kaukau) seals the air
and at 5am all 150 pieces of fish and 100 pieces of kaukau are
delivered and sold. That is just one of the entrepreneurial
activities that Lady Esmie Ogio carries out to ensure that she
conducts her Choice Super deposit every month.
In this Toktok Super Issue we step into the life of Lady Esmie Ogio,
the wife of His Excellency, Sir Michael Ogio, GCMG, CBE, the ninth
and current Governor-General of Papua New Guinea on how she
handles life between her entrepreneurial activities and while she
succumbs to the Governor General’s busy schedule.
A soft spoken woman from Waihi Village, of South Malaita in the
Solomon Islands, Lady Ogio opened an account with Nambawan
Supers newest product, Choice Super in June this year and has
been a committed member ever since.
Nambawan Super’s Chief Executive officer, Garry Tunstall
outlined that Choice Super has provided a sound alternative for
Flexible contribution rate
Low interest rates
1:1 or kina for kina lending ratio
3-36 months loan repayment term
Automated payroll deduction code*
24 hour turn-around loan processing
Electronic disbursement of funds
through BSP Kundu-Pei
Email: [email protected]
Members of Nambawan Super and Choice Super
are eligible to become members of NSLS.
A PRODUCT OF NAMBAWAN SUPER LTD
long term retirement savings to all people
in different walks of life. “It is important for
Nambawan Savings & Loans Staffs celebrating their milestone
achievements with Nambawan Super Ltd CEO, Garry Tunstall
and COO, Charlie Gilichibi.
people to know that this is a long term
investment product that can only be withdrawn in the event of
retirement or other special circumstances such as
unemployment, permanent disability, death or permanent
emigration.” Mr Tunstall said.
Choice Super Account was set up to cater for individuals like Lady
Esmie Ogio, subsistence farmers, cash crop farmers, fisherman,
PMV & Taxi operators, Trade store owner, and smaller businesses
employing 15 and less staff that want long term savings for them
and their families. Nambawan Super was established to purely
look after and grow its member’s money and whatever interests
it earns is returned into the members accounts and it
accumulates until a member fully exits the Fund.
“As soon as I heard about Choice Super, I knew Nambawan Super
is the Fund for me. I am unemployed but I do my own
entrepreneurial stuff and was doing my own research on where I
could open a savings account. I am so happy that I did not rush
into opening an account, because I now have a big chance of
growing my savings in a better and secure way through
Nambawan Super’s Choice Super product,” says Lady Esmie.
Apart from the cookery, Lady Ogio also sews and knits items such
as food covers, TV covers, table cloths and bed and sofa covers
which she sells to her friends and interested clients who know of
her crafting skills. She is appealing to unemployed mothers to be
empowered and get involved in entrepreneurial activities
instead of waiting on their husbands income every fortnight and
plans to organise sewing and knitting courses for unemployed
mothers and girls living and residing in the settlements.
•
•
•
•
•
•
•
Money Matters
1
There’s an old saying, “if it sounds too good to be true,
it probably is”. If you want to save or invest your
hard-earned money, safeguard it by choosing a
reputable organisation that is regulated and
supervised by the Bank of Papua New Guinea.
2
Above Photo L - R: Charlie Gilichibi - COO, Lady Esmie Ogio, Garry Tunstall - CEO,
Dorcas Au - Choice Super Officer and Frank Lokalyo - Manager Compliance and
Monitoring pose for a photo session after the interview.
Do you have a story to share about how superannuation has
helped you? Email it to [email protected]
Steer clear of money scams
Pay yourself first
Before you pay bills or spend money on living
expenses, set aside a portion of your pay, say 10
percent, and deposit it with a reputable savings
organisation each pay day. Better still, ask your
employer to deduct the amount from your pay
and deposit it directly into your deposit account.
Chances are, if you don’t see it or hold it, you won’t
miss the money. And you’ll have the satisfaction of
seeing your savings grow.
This works well if you’re in line for a pay rise. Rather
than take the extra money in your pay, ask your
employer to direct deposit the value of the increase
straight into your deposit account.
4
3
steps to safeguard and grow
your hard-earned money
Shop around for good
savings opportunities
Where’s the best place to deposit your savings? The answer
will depend on what you want to do with the money. If you’re
saving up for a short-term goal, such as a holiday or a car, it’s
probably best to deposit your money in a savings account
provided by a reputable organisation that is supervised by
the Bank of Papua New Guinea.
Savings & Loan Societies may be a good choice here. For
example, Nambawan Super Fund and RSA Members are eligible
for membership of Nambawan Savings & Loan Society, which
offers competitive returns as well as the peace of mind you’re
dealing with a well-managed organisation you know.
4
Boost your retirement payout
with Voluntary Contributions
You can make your money work harder for you by making extra
contributions to your Nambawan Super account. You can top
up your compulsory employee contributions (6% of your pay)
by up to an additional 9%, giving your retirement savings a big
boost. Increasing your personal super savings may also help
you quality for a larger Housing Advance, as 100% of the
employee’s contribution is now allowed for housing.
In the Spotlight
continued from page 1
Savings & Loan Update - Nambawan Savings Achieves 100% Automation
two months), NSL has processed and delivered 16,000 ID
Cards for members and looks set to process another
34,000 ID cards by 31st of December 2014.
Nambawan Savings and Loans Society (NSLS) has now
reached 100% automation for all employer contributions for
more than 45 contributing employers in July of 2014.
In 2013 a Membership ID Card Project was set up to
pre-print ID cards for members throughout the country in
order for them to have an ID Card each. 65,000 members
that updated their bio data including contact details with
NSL received pre-printed member Ids.
This means member contributions, loans and withdrawal postings
can now happen within 24 hours. NSLS was incorporated in
October of 2010 acquiring over 10,000 members and deposits in
excess of K20 million over the last four years.
Pre-printed IDs were sent to respective provincial offices to
distribute to members; capturing ID photos and signatures
before posting to Regional Offices in Port Moresby, Mt.
Hagen, Goroka, Kokopo and Lae for printing. Once
delivered to members, the ID Cards can be used to access
major discounts from NSL’s loyalty partners around the
nation such as Air Niugini and Brian Bell to name a few.
Realising your short-term
financial needs!
We offer 3 Savings Accounts:
General | Education | Christmas
With a growth rate of registering 400 new members on a monthly
basis around the country, NSLS has also acquired and installed
extra workflow system licensees to the regional centres of Lae,
Hagen, Goroka, Kokopo and the head office Call Centre to service
members effectively and efficiently.
HOLIDAYS
MOTOR VEHICLE
BRIDE PRICE
SCHOOL FEES
MEDICAL EXPENSES
FUNERAL EXPENSES
CEO Garry Tunstall thanked the staff and management of the
Society for their stellar efforts and encouraged them to aim
higher.
Have you received your 2013 Statement together
with your pre-printed ID Card?
Produce your ID Card at your nearest NSL
Branch for your ID photo print processing and start enjoying
our great membership disounts today!
Nambawan Savings
& Loan Society Ltd
Above: Nambawan Super Ltd’s PR & Marketing Officer displaying the first batch of
pre-printed membership ID cards for BPNG. The pre-printed ID Cards project was
introduced earlier this year.
Tunstall said “change is not a destination but a journey. We can go
from a good organisation to a great organisation if we can sustain
the drive and motivation to see enhanced value for members in
the type of products and services that Nambawan Super offers
including savings and loans”.
FOR MORE INFORMATION
CONTACT THE SAVINGS & LOAN
TEAM TODAY!
Phone:
309 5315
Digicel: 7333 7777
Bmobile: 7611 2222 Or
Nambawan Super member applauds Choice Super
product as the way forward to save.
Her day always starts with a prayer at 3am in the morning which
also kindles the adventure in her kitchen. By 4am the nice aroma
of flour battered fish and sweet potatoes (kaukau) seals the air
and at 5am all 150 pieces of fish and 100 pieces of kaukau are
delivered and sold. That is just one of the entrepreneurial
activities that Lady Esmie Ogio carries out to ensure that she
conducts her Choice Super deposit every month.
In this Toktok Super Issue we step into the life of Lady Esmie Ogio,
the wife of His Excellency, Sir Michael Ogio, GCMG, CBE, the ninth
and current Governor-General of Papua New Guinea on how she
handles life between her entrepreneurial activities and while she
succumbs to the Governor General’s busy schedule.
A soft spoken woman from Waihi Village, of South Malaita in the
Solomon Islands, Lady Ogio opened an account with Nambawan
Supers newest product, Choice Super in June this year and has
been a committed member ever since.
Nambawan Super’s Chief Executive officer, Garry Tunstall
outlined that Choice Super has provided a sound alternative for
Flexible contribution rate
Low interest rates
1:1 or kina for kina lending ratio
3-36 months loan repayment term
Automated payroll deduction code*
24 hour turn-around loan processing
Electronic disbursement of funds
through BSP Kundu-Pei
Email: [email protected]
Members of Nambawan Super and Choice Super
are eligible to become members of NSLS.
A PRODUCT OF NAMBAWAN SUPER LTD
long term retirement savings to all people
in different walks of life. “It is important for
Nambawan Savings & Loans Staffs celebrating their milestone
achievements with Nambawan Super Ltd CEO, Garry Tunstall
and COO, Charlie Gilichibi.
people to know that this is a long term
investment product that can only be withdrawn in the event of
retirement or other special circumstances such as
unemployment, permanent disability, death or permanent
emigration.” Mr Tunstall said.
Choice Super Account was set up to cater for individuals like Lady
Esmie Ogio, subsistence farmers, cash crop farmers, fisherman,
PMV & Taxi operators, Trade store owner, and smaller businesses
employing 15 and less staff that want long term savings for them
and their families. Nambawan Super was established to purely
look after and grow its member’s money and whatever interests
it earns is returned into the members accounts and it
accumulates until a member fully exits the Fund.
“As soon as I heard about Choice Super, I knew Nambawan Super
is the Fund for me. I am unemployed but I do my own
entrepreneurial stuff and was doing my own research on where I
could open a savings account. I am so happy that I did not rush
into opening an account, because I now have a big chance of
growing my savings in a better and secure way through
Nambawan Super’s Choice Super product,” says Lady Esmie.
Apart from the cookery, Lady Ogio also sews and knits items such
as food covers, TV covers, table cloths and bed and sofa covers
which she sells to her friends and interested clients who know of
her crafting skills. She is appealing to unemployed mothers to be
empowered and get involved in entrepreneurial activities
instead of waiting on their husbands income every fortnight and
plans to organise sewing and knitting courses for unemployed
mothers and girls living and residing in the settlements.
•
•
•
•
•
•
•
Money Matters
1
There’s an old saying, “if it sounds too good to be true,
it probably is”. If you want to save or invest your
hard-earned money, safeguard it by choosing a
reputable organisation that is regulated and
supervised by the Bank of Papua New Guinea.
2
Above Photo L - R: Charlie Gilichibi - COO, Lady Esmie Ogio, Garry Tunstall - CEO,
Dorcas Au - Choice Super Officer and Frank Lokalyo - Manager Compliance and
Monitoring pose for a photo session after the interview.
Do you have a story to share about how superannuation has
helped you? Email it to [email protected]
Steer clear of money scams
Pay yourself first
Before you pay bills or spend money on living
expenses, set aside a portion of your pay, say 10
percent, and deposit it with a reputable savings
organisation each pay day. Better still, ask your
employer to deduct the amount from your pay
and deposit it directly into your deposit account.
Chances are, if you don’t see it or hold it, you won’t
miss the money. And you’ll have the satisfaction of
seeing your savings grow.
This works well if you’re in line for a pay rise. Rather
than take the extra money in your pay, ask your
employer to direct deposit the value of the increase
straight into your deposit account.
4
3
steps to safeguard and grow
your hard-earned money
Shop around for good
savings opportunities
Where’s the best place to deposit your savings? The answer
will depend on what you want to do with the money. If you’re
saving up for a short-term goal, such as a holiday or a car, it’s
probably best to deposit your money in a savings account
provided by a reputable organisation that is supervised by
the Bank of Papua New Guinea.
Savings & Loan Societies may be a good choice here. For
example, Nambawan Super Fund and RSA Members are eligible
for membership of Nambawan Savings & Loan Society, which
offers competitive returns as well as the peace of mind you’re
dealing with a well-managed organisation you know.
4
Boost your retirement payout
with Voluntary Contributions
You can make your money work harder for you by making extra
contributions to your Nambawan Super account. You can top
up your compulsory employee contributions (6% of your pay)
by up to an additional 9%, giving your retirement savings a big
boost. Increasing your personal super savings may also help
you quality for a larger Housing Advance, as 100% of the
employee’s contribution is now allowed for housing.
ISSUE 26 JULY - AUGUST 2014
Investments
Nambawan Super has the largest and best investment
portfolio in Papua New Guinea.
NSL invests around 4.2 billion kina on behalf of its members. It has around a third in cash and government bonds,
around a third in PNG companies and around a third in
properties and overseas assets.
This mix is not far away from a tried and tested formula
that was devised centuries ago.
The oldest recorded asset allocation advice is from biblical
times and recommends: “Let every man divide his money
into three parts, and invest a third in land, a third in
business, and let him keep a third in reserve.”
Here are some of NSL’s share investments in Papua New
Guinea.
Member Benefits
Access your Superannuation
Balance at your fingertips
Upgraded Nambawan
SupaTextTM Service
Super
Regist
Formration
Nambawan Super
at BPNG Financial
Inclusion Expo 2014
Use your Membership Number and PIN to access your:
Nambawan Super recently participated in the Bank of
Papua New Guinea’s Financial Inclusion Expo. Under the
theme “Save now to make your Dreams come true” the
expo was held in Kokopo, East New Britain province from
16th – 20th July at the Warwagira Show grounds.
Statement online using a smartphone at:
www.nambawansuper.com.pg
Balance and other information on mobile:
BMobile: MembershipNumber*PIN to 16661
Digicel: *661*MembershipNumber*PIN# Send
Signing up is simple! Complete a registration
form available at all Nambawan Super
branches or on www.nambawansuper.com.pg
Return the completed form to Nambawan Super.
It’s secure! Your unique PIN safeguards your
privacy and account security.
It’s satisfying! Nambawan Super Members have
PNG’s highest average super account balances.
See yours grow over time!
Fill out an SMS registration Form with your unique PIN
Number and start watching your money grow today!
Each month we’ll test your knowledge about
superannuation and Nambawan Super with
a competition open to Members*.
The aim of the expo was to promote savings cultures for
Papua New Guineans in a society overwhelmed by barriers
to saving.
Nambawan Super Limited was a Gold Sponsor of the 2014
Financial Inclusion Expo and NSL staff were at hand to
showcase our products and services to our existing
members and up-and-coming potential members.
NSL marketing team whilst in Kokopo also did a number of
member presentations on Super Smart e-Services,
Voluntary Contributions, Nambawan Savings & Loans
Society to members from the following organisations;
Rabaul ULLG, Nonga General Hospital, Rabaul Volcano
Observatory and PNG Ports Corporation and Department
of Works, PNG Customs, Cocoa Board of PNG and PNG
Power.
Comp
etition
Corner
Last issue’s competition saw a record number of responses. The correct
answer to “what is the name of Nambawan Super’s residential
development at 8 Mile near Port Moresby NCD?” was Malolo Estate.
Yaganame of UOG whose names were drawn from the correct entries.
You are both winners of K100 City Pharmacy vouchers.
Competition 25 ...
We believe that ours is the best investment portfolio in
PNG and look forward to our members receiving good
strong safe returns for many years to come.
What are some of Nambawan Super Ltd’s share investments in Papua New
Guinea? (Name at least 6)
Email your answer to [email protected] with Competition 25 in
the subject line. Entries close at 5:00 pm on Friday 5 September 2014. All correct
entries will go into the draw for a chance to win one of two K100 gift voucher
from City Pharmacy. The winner will be announced in next issue of Tok Tok Super.
* Employees of Nambawan Super and their marketing agencies are not eligible to participate.
Tok Tok Supa Editor: [email protected]
contact
US
Head Office
Port Moresby
Era Rumana Building,
Champion Parade
Tel: 309 5200
www.nambawansuper.com.pg
Above: One of the keen members listening attentively as NSL’s senior marketing
officer explains the new product, Choice Super to him.
In the Spotlight
NSL Rolls out membership ID Card
Nambawan Super is currently doing bulk processing of
65,000 ID Cards for members. Member visits to NSL offices
has increased four-fold since the bulk processing was
launched on the 16th of June 2014. As at 16th August (in
For more information contact our call centre on Digicel: 7333 7777 or
Bmobile: 7611 2222 | Email: [email protected]
Super
As you know it is in the best interests of
members for NSL to be a long term investor
and as such we believe NSL has positioned its portfolio to make
sure we provide sound long term future returns. Now that we
have passed the half way mark for the year we can reflect on our
current performance.
The mid-year review of financial performance of the Fund reports
lower growth due to a number of factors.
A change in the way we estimate the value of Government
Securities on a market related basis is having a negative impact on
the financial performance. Members are advised that this is a timing
issue and there is no realised financial loss for the Fund. The
calculation method highlights a notional paper value reduction in
interim years until assets mature and full market values are realised.
As highlighted in past annual accounts a slowing of activity in the
PNG economy following the wind down of the LNG project is having
an impact generally across all sectors including our investments.
I’d like to point out that these are only short term issues that are not
material for the Fund as it is a long term investor. The second half of
the year is generally better due to stronger receipt of dividends and
rental in any event.
NSL’s operational performance on streamlining systems and
processes and redefining a progressive organisational culture to
serve members better is tracking well. Through a Continuous
Improvement Program, initiatives such as 24 hour turnaround times,
enhanced mobile and online services, automation of contribution
uploads for Savings and Loans, a Choice Super product to cater for
those outside the formal workforce and others have been rolled out
to deliver convenience and efficiency for NSL members.
Garry Tunstall,
Chief Executive Officer
Congratulations to Vergil Sihinue of NGCB and Daisy
Some of Nambawan Super Limited’s investments are in
private companies. Because there are no new shares
available in many of these unlisted companies, no other
investor can assemble a portfolio like Nambawan Super.
From the CEO’s Desk
Story continued next page
Nambawan Super
reaching out to Kupiano
to serve our rural teachers.
The Divine Word final year students were pleased with the
response and acknowledged Nambawan Super for setting
up a stall.
Nambawan Super Limited has changed its approach by
bringing services closer to its members. In July 2014, a
team of Nambawan Super Staff braved the Magi Highway
and set off on a Four hour trip to Kupiano Secondary
School to conduct a presentation at an in-service designed
for teachers within the Abau Cluster.
We’re keen to receive your comments,
questions and feedback about your
super, your membership of Nambawan
Super or Nambawan Savings & Loans Society. After all, chances
are other Members are likely to be interested in the same topics
or have similar queries.
opportunity
to market NSL’s
newest product
on the block Choice Super.
By the way, if your work colleagues who are also Nambawan
Super Members are not receiving Toktok Super, all they have to
do is send an email to [email protected]
and ask to be put on the distribution list.
More than 100 Primary and Secondary Teachers came from
as far as Amazon Bay, Aroma and Moreguina for the in
–service programme at Kupiano Secondary School.
Member Awareness & Engagement
is paramount at Nambawan super.
A good number of teachers managed to fill up their
Member Detail Update Forms, increased their own
contributions by filling out their voluntary contribution
forms, filled out forms to access their super balances via
SMS and Internet, and joined up as members to Nambawan
Super Savings & Loans.
Member Awareness and educational programmes on
Nambawan Supers products and services are on the rise
with Nambawan Super Staff scheduling and conducting
presentations four times per week.
In-service Coordinator, Nolan Arthur Murray described the
visit as a humble gesture and an honourable one too. He
said it truly showed that Nambawan Super cared about its
members regardless of the distance and means of
transport.
Chief Operations Officer, Charlie Gilichibi said the boost in
member engagements and awareness is to provide door
step services, educate members about the contributions
deducted every fortnight and tell members how they can
boost their savings for life after formal employment
(retirement).
The presentations are based around three products and
services which are; Voluntary Contribution, SMS Internet
Registration and Nambawan Savings & Loans.
Voluntary Contribution enables a member to contribute
more than the mandatory requirement of 6% to a
maximum 15%, SMS & Internet registration facilitates for
the members having access to their super balances via SMS
or the internet whilst Nambawan Savings & Loans gives the
member an opportunity to save for his/her short term
financial needs.
Above: Senior PR & Marketing Officer, Ms Stella Bita assisting the Teachers to
access their account balances online during the in –service programme at
Kupiano Secondary School.
Nambawan Super at the
Divine Word Institute
open Day, Madang.
In May this year Nambawan Super Limited was one of
many organisations and entities that participated in an
Open Day event at the Divine Word University.
The Nambawan Super stall at the event was welcoming as
many honourable guests including Ambassador Lucy
Bogari found time to register for the SMS Internet service,
updated her details and filled out a Voluntary Contribution
form to increase her contributions on top of the mandatory
6%.
Continued top of page
Thank you to our Members who sent in their
contributions to Your Say. The authors of the letters
selected to be included in this issue of Toktok Super
went into a prize draw for the chance to win a K100
voucher from City Pharmacy.
Keep your comments coming!
It was also
a great
Teachers make up 40% of Nambawan Super Limited’s
membership base. For many teachers who reside and work
in rural ares it is difficult for them to access vital services
such as banking and superannuation.
Tell us about it!
Members visited to date have commended on the change
taken by Nambawan Super in profusely conducting full
swing presentations as for many it is an eye opener when it
comes to products and services made aware in the
presentations.
New Employers join up
on Super.
Ancillary staff of Kiunga Secondary school have all the
reason to smile after finally signing up as Nambawan Super
members.
The principal Mr. Minaru Gipo in a small but significant
presentation of the first remittance cheque payment said
he was happy that his ancillary staff were now contributors
of Nambawan Super Limited for a better life after
retirement.
In Port Moresby, Stephen’s Printing and Stationary came on
board as Nambawan Super contributors. A happy
Managing Director, Stephen Enara said Superannuation
should be seen by employers as a staff incentive and is a
very good way of saving for life after retirement.
ative. Can you
r, it is very inform
tte
sle
w
ne
e
th
g
ould be very
I like readin
newsletters; it w
ly
th
on
m
e
th
in
include me
d.
much appreciate
Cheers!
Torre.
This issue’s lucky winner is Kana Pitpit. Thank you for
your letter, Kana. Your prize voucher is on its way to you.
To have Your Say, and be in with a chance to win, email
[email protected] with your
feedback, suggestion, handy hint or letter to the editor.
.
r for the News letter
h Nambawan Supe
Thank you very muc
e Scheme.
e Housing Advanc
I have a query on th
almost twenty
using Advance after
Ho
a
for
ply
ap
to
I intend
the Public Service.
years (20) years in
?
my eligibility value
How would I know
1.
mbawan Super
ble to merge my Na
ssi
po
it
Is
e
2.
gs to qualify for th
vings & Loans Savin
Sa
+
s
ion
ut
rib
nt
Co
Housing Advance?
repayments?
How do you make
3.
Cheers
]
[email protected]
lto:tlok
Torre Loko [mai
DAVID
Editor: Thank you Torre for your kind words and for being a
reader of Nambawan Supers Bimonthly Toktok Super
Newsletter. We have added your name to our TTS distribution
list so you will be able to keep in touch from now on.
g your informative
I am impressed readin
t time.
newsletter for the firs
.
your distribution list
Please include me on
Editor:
Congratulations
Thanks & Regards
Stanley on having a
wa
read of your first
Ke
.
K
Stanley
re
nt
Ce
s
es
Toktok Super and
sin
Bu
n
Manager – Mt Hage
thank you for
Water PNG
enjoying. Your
name has been added to the distribution list so you can receive future
issues to your email address.
Hi
per Team,
Nambawan Su
ur products
know more of yo
I was inspired to
ch
hi was
ugh issue 25 w
when read thro
workmates.
e by one of my
forwarded to m
our savings is
clarify to me if
u
yo
ld
ou
w
,
Team
w can I open
A and if sure, ho
RS
m
fro
nt
re
diffe
Great question Charlotte!
The Retired Savings
Account (RSA) is one of
Nambawan Supers
products that is tailored
specifically for those
retiring and exiting the
RSA?
am
fund. In many instances,
if
te
apprecia
ould very much
a lot of our members
g
in
Thank you & w
for receiv
distribution list
walk away with a big
added to your
lump sum of cash and
newsletters.
ra
eu
M
tte
because they are not
rlo
Cheers...Cha
used to having such big amounts in
their accounts the RSA was launched to help them save money and
grow whilst investing in RSA.
You can only be eligible to have an account if you are retiring. The
maximum amount you can open an RSA account with is K250,000 and
the minimum is K10,000.
Editor: Hi David! First up, your eligibility amount is 100%
of your 6% mandatory employee contributions. You are
eligible for a housing advance after 5 years of
employment and contributing to Nambawan Super. You
have worked over 20 years therefore are more than
qualified to apply for a Housing advance. Let’s turn to
your second query on merging your Super Contributions
and Savings and Loans. This cannot be done as the
Nambawan Savings and Loans though a product of
Nambawan Super was established to cater for members
Short Term Financial needs. But you can apply for a
Housing Advance and also access money for your savings
and Loans account to help you build or purchase your
house. Now we look at your query on repayments. As
soon as you apply for a Housing Advance an application
form is given to you together with a checklist and an
irrevocable form which you submit to your payroll. 2% is
the minimum contribution to pay of your advance on top
of your normal 6%.
ktok
Nambawan Super, To
As a new member of
lly
rea
it
e
us
lpful beca
Super issue is very he
ntributing to
co
y
wh
clarifies me on
e
d the many impressiv
Nambawan Super an
ur
yo
in
me
e
lud
ase inc
benefits it offers. Ple
is email.
th
via
list
n
distributio
Thanks, Samuel.
Test Officer
Samuel Taule I Field
Congratulations Samuel on being a new member of
Nambawan Super. It is pleasing to know that Toktok
Super has helped you understand and given you clarity
on your fortnightly contributions. We also do member
engagement presentation to members so if you need
more clarity we could always arrange with your HR for a
session. Your name has been added to our distribution list
so you can receive future issues.
Nambawan Super
reaching out to Kupiano
to serve our rural teachers.
The Divine Word final year students were pleased with the
response and acknowledged Nambawan Super for setting
up a stall.
Nambawan Super Limited has changed its approach by
bringing services closer to its members. In July 2014, a
team of Nambawan Super Staff braved the Magi Highway
and set off on a Four hour trip to Kupiano Secondary
School to conduct a presentation at an in-service designed
for teachers within the Abau Cluster.
We’re keen to receive your comments,
questions and feedback about your
super, your membership of Nambawan
Super or Nambawan Savings & Loans Society. After all, chances
are other Members are likely to be interested in the same topics
or have similar queries.
opportunity
to market NSL’s
newest product
on the block Choice Super.
By the way, if your work colleagues who are also Nambawan
Super Members are not receiving Toktok Super, all they have to
do is send an email to [email protected]
and ask to be put on the distribution list.
More than 100 Primary and Secondary Teachers came from
as far as Amazon Bay, Aroma and Moreguina for the in
–service programme at Kupiano Secondary School.
Member Awareness & Engagement
is paramount at Nambawan super.
A good number of teachers managed to fill up their
Member Detail Update Forms, increased their own
contributions by filling out their voluntary contribution
forms, filled out forms to access their super balances via
SMS and Internet, and joined up as members to Nambawan
Super Savings & Loans.
Member Awareness and educational programmes on
Nambawan Supers products and services are on the rise
with Nambawan Super Staff scheduling and conducting
presentations four times per week.
In-service Coordinator, Nolan Arthur Murray described the
visit as a humble gesture and an honourable one too. He
said it truly showed that Nambawan Super cared about its
members regardless of the distance and means of
transport.
Chief Operations Officer, Charlie Gilichibi said the boost in
member engagements and awareness is to provide door
step services, educate members about the contributions
deducted every fortnight and tell members how they can
boost their savings for life after formal employment
(retirement).
The presentations are based around three products and
services which are; Voluntary Contribution, SMS Internet
Registration and Nambawan Savings & Loans.
Voluntary Contribution enables a member to contribute
more than the mandatory requirement of 6% to a
maximum 15%, SMS & Internet registration facilitates for
the members having access to their super balances via SMS
or the internet whilst Nambawan Savings & Loans gives the
member an opportunity to save for his/her short term
financial needs.
Above: Senior PR & Marketing Officer, Ms Stella Bita assisting the Teachers to
access their account balances online during the in –service programme at
Kupiano Secondary School.
Nambawan Super at the
Divine Word Institute
open Day, Madang.
In May this year Nambawan Super Limited was one of
many organisations and entities that participated in an
Open Day event at the Divine Word University.
The Nambawan Super stall at the event was welcoming as
many honourable guests including Ambassador Lucy
Bogari found time to register for the SMS Internet service,
updated her details and filled out a Voluntary Contribution
form to increase her contributions on top of the mandatory
6%.
Continued top of page
Thank you to our Members who sent in their
contributions to Your Say. The authors of the letters
selected to be included in this issue of Toktok Super
went into a prize draw for the chance to win a K100
voucher from City Pharmacy.
Keep your comments coming!
It was also
a great
Teachers make up 40% of Nambawan Super Limited’s
membership base. For many teachers who reside and work
in rural ares it is difficult for them to access vital services
such as banking and superannuation.
Tell us about it!
Members visited to date have commended on the change
taken by Nambawan Super in profusely conducting full
swing presentations as for many it is an eye opener when it
comes to products and services made aware in the
presentations.
New Employers join up
on Super.
Ancillary staff of Kiunga Secondary school have all the
reason to smile after finally signing up as Nambawan Super
members.
The principal Mr. Minaru Gipo in a small but significant
presentation of the first remittance cheque payment said
he was happy that his ancillary staff were now contributors
of Nambawan Super Limited for a better life after
retirement.
In Port Moresby, Stephen’s Printing and Stationary came on
board as Nambawan Super contributors. A happy
Managing Director, Stephen Enara said Superannuation
should be seen by employers as a staff incentive and is a
very good way of saving for life after retirement.
ative. Can you
r, it is very inform
tte
sle
w
ne
e
th
g
ould be very
I like readin
newsletters; it w
ly
th
on
m
e
th
in
include me
d.
much appreciate
Cheers!
Torre.
This issue’s lucky winner is Kana Pitpit. Thank you for
your letter, Kana. Your prize voucher is on its way to you.
To have Your Say, and be in with a chance to win, email
[email protected] with your
feedback, suggestion, handy hint or letter to the editor.
.
r for the News letter
h Nambawan Supe
Thank you very muc
e Scheme.
e Housing Advanc
I have a query on th
almost twenty
using Advance after
Ho
a
for
ply
ap
to
I intend
the Public Service.
years (20) years in
?
my eligibility value
How would I know
1.
mbawan Super
ble to merge my Na
ssi
po
it
Is
e
2.
gs to qualify for th
vings & Loans Savin
Sa
+
s
ion
ut
rib
nt
Co
Housing Advance?
repayments?
How do you make
3.
Cheers
]
[email protected]
lto:tlok
Torre Loko [mai
DAVID
Editor: Thank you Torre for your kind words and for being a
reader of Nambawan Supers Bimonthly Toktok Super
Newsletter. We have added your name to our TTS distribution
list so you will be able to keep in touch from now on.
g your informative
I am impressed readin
t time.
newsletter for the firs
.
your distribution list
Please include me on
Editor:
Congratulations
Thanks & Regards
Stanley on having a
wa
read of your first
Ke
.
K
Stanley
re
nt
Ce
s
es
Toktok Super and
sin
Bu
n
Manager – Mt Hage
thank you for
Water PNG
enjoying. Your
name has been added to the distribution list so you can receive future
issues to your email address.
Hi
per Team,
Nambawan Su
ur products
know more of yo
I was inspired to
ch
hi was
ugh issue 25 w
when read thro
workmates.
e by one of my
forwarded to m
our savings is
clarify to me if
u
yo
ld
ou
w
,
Team
w can I open
A and if sure, ho
RS
m
fro
nt
re
diffe
Great question Charlotte!
The Retired Savings
Account (RSA) is one of
Nambawan Supers
products that is tailored
specifically for those
retiring and exiting the
RSA?
am
fund. In many instances,
if
te
apprecia
ould very much
a lot of our members
g
in
Thank you & w
for receiv
distribution list
walk away with a big
added to your
lump sum of cash and
newsletters.
ra
eu
M
tte
because they are not
rlo
Cheers...Cha
used to having such big amounts in
their accounts the RSA was launched to help them save money and
grow whilst investing in RSA.
You can only be eligible to have an account if you are retiring. The
maximum amount you can open an RSA account with is K250,000 and
the minimum is K10,000.
Editor: Hi David! First up, your eligibility amount is 100%
of your 6% mandatory employee contributions. You are
eligible for a housing advance after 5 years of
employment and contributing to Nambawan Super. You
have worked over 20 years therefore are more than
qualified to apply for a Housing advance. Let’s turn to
your second query on merging your Super Contributions
and Savings and Loans. This cannot be done as the
Nambawan Savings and Loans though a product of
Nambawan Super was established to cater for members
Short Term Financial needs. But you can apply for a
Housing Advance and also access money for your savings
and Loans account to help you build or purchase your
house. Now we look at your query on repayments. As
soon as you apply for a Housing Advance an application
form is given to you together with a checklist and an
irrevocable form which you submit to your payroll. 2% is
the minimum contribution to pay of your advance on top
of your normal 6%.
ktok
Nambawan Super, To
As a new member of
lly
rea
it
e
us
lpful beca
Super issue is very he
ntributing to
co
y
wh
clarifies me on
e
d the many impressiv
Nambawan Super an
ur
yo
in
me
e
lud
ase inc
benefits it offers. Ple
is email.
th
via
list
n
distributio
Thanks, Samuel.
Test Officer
Samuel Taule I Field
Congratulations Samuel on being a new member of
Nambawan Super. It is pleasing to know that Toktok
Super has helped you understand and given you clarity
on your fortnightly contributions. We also do member
engagement presentation to members so if you need
more clarity we could always arrange with your HR for a
session. Your name has been added to our distribution list
so you can receive future issues.