SME owners urged to save for retirement

AS more Papua New Guineans venture into small-to-medium enterprises (SMEs), it is also important for these business owners and their workers to save for retirement, according to the National Superannuation Fund (Nasfund).
Nasfund provides an avenue for SMEs to do so, through its Eda Supa product.
During its monthly appearance on a talkback show, Nasfund manager for business development Melanie Lavaki said the updates provided in these monthly appearances were important, especially given the recent increase in the number of SMEs all across the country.
“With the changing dynamics of business in Papua New Guinea, more people are now venturing into the SME space, it is also important that a retirement savings culture is also promoted,” she said.
“As the leading superannuation provider in PNG, our Eda Supa product provides the perfect opportunity for SMEs to save for retirement.
“Eda Supa also extends beyond SMEs, it is also suited to people within the informal sectors – for our farmers, artists, landowners, and also expatriates.
“Our engagement on Nasfund FM100 Talkback this month was used to ensure our current, and potential members were aware and informed of the requirements and benefits of savings with Nasfund.
“The fund will continue to encouraging our people to save for retirement through Eda Supa through media and social media.”