Namwaban Super: 2010 top year for us

Business, Normal

The National – Wednesday, February 9, 2011

NAMBAWAN Super has reflected on 2010 as a year of achievement for the leading superannuation fund with many great achievements in the national level including member communication service such as the re-launch of a service newsletter.
One business achievement included the Nambawan Super’s participation in the 11th PNG mining and petroleum investment conference held recently in Sydney, which was a big success with plenty of positive feedback from visitors.
The company was among other 30 exhibitors at the trade fair that displayed an attractive booth at the seminar, which provided a very good opportunity for fund members, influential members of government and potential investment partners to discuss superannuation, investment and wealth creation issues with Nambawan’s senior management team.
Managing director Leon Buskens said based on unaudited results, the fund had grown during the year to more than K3 billion in net assets, clearly maintaining its position as the largest superannuation fund in the country even without taking into account the state’s unfunded liability obligations of more than K2.3 billion.
He said  they aimed to significantly improved member service delivery across the country, Buskins said.
The 2010 financial reports were currently being finalised with results to be announced at the end  of next month.