Company conducts culture awareness

 MELANESIA Trustee Services Ltd (MTSL), through its fund Pacific Balanced Fund (PBF), has been promoting the importance of a saving culture throughout the country.

Partnering with other leading financial institutions, MTSL recently undertook an awareness exercise in New Ireland as part of the Savings for Young Minds initiative.

This initiative spearheaded by the Bank of Papua New Guinea provided the platform for Melanesian Trustee to visit schools in the entire province.

Senior trade executive Isaac McNerbai said: “The awareness drive is crucial in ensuring that the future generations start to develop a savings culture – something which MTSL is keen to continue supporting through Bank of PNG’s initiative of Financial Literacy and Inclusion.”

Melanesian Trustee Services Ltd did presentations on investing in trust funds, educates locals on the benefits of investing in these funds and met with unit holders of the Pacific Balance Fund.

During the visit to New Ireland, more than 30,000 unverified units were identified and updated – a resounding success for PBF and its verification exercise. 

The Savings for Young Minds initiative would be rolled out in Western Highlands and Jiwaka provinces in August.