Nambawan Super pleased with product’s progress

NAMBAWAN Super Limited (NSL) is pleased to see its Choice Super product reaching members who can now take charge of their retirement savings, which will grow through the power of compound interest, chief executive Paul Sayer says.
NSL launched the Choice Super campaign for 2021 on Friday, celebrating the growth and success of the product that has made retirement savings possible for anyone outside formal employment.
Since 2014, Choice Super membership has reached over 18,000 people living and working across the country, as micro or small medium enterprise (SME) owners with less than 15 employees, landowners, farmers or fishermen, casual labourers and expatriates. “We are pleased to see Choice Super reaching those who can now take charge of their retirement savings by putting away a minimum of K20 each month or even a lump sum deposit, which will rapidly grow their savings through the power of compound interest,” Sayer said.
“Choice Super provides a pathway for those who were previously disadvantaged when superannuation could only be facilitated by employers for formal sector employees following three months of their continuous service.
“We now have higher numbers of members in National Capital District, followed by East Sepik and East New Britain, and member balances ranging from K100 to K500,000 which is helping these workers save toward retirement.”
Choice Super members enjoy the same benefits and privileges as Nambawan Super members.