Nasfund continues awareness on savings in communities


AS organisations are winding down their operations for this year, National Superannuation Fund (Nasfund) continues its efforts in promoting retirement savings to communities.
In its most recent engagement this month, a team from the fund’s Lae branch travelled to Finschhafen.
Nasfund was invited by the Wamora Farmer’s Association, which is a collective of coffee, cocoa and vanilla farmers from the Wareo region of Kotte local level government (LLG), Finschhafen.
Nasfund conducted awareness and registration of members last month during its first visit to the area.
Last Thursday, Nasfund special projects manager Judah Waffi led a second delegation, which included representatives from Digicel CellMoni and Bank South Pacific (BSP).
“This visit is to deliver the Nasfund memberships cards to the 310 members of Wamora Farmers Association who are now registered with Eda Supa, our savings product for the informal sector,” the fund said.
“The inclusion of BSP and CellMoni is to reinforce the commitment of each of our institutions to empower our rural people with avenues for banking and savings.”
The fund recently signed a memorandum of understanding (MoU) with Digicel CellMoni for the use of CellMoni services to enable rural communities to deposit their savings contributions.
Similar visits would be made next year to communities, for people to know about superannuation and its benefits for saving for retirement.
According to Nasfund, the progress made in the province was possible following the signing of an MoU with the Morobe government earlier this year to promote a closer working relationship.