Special course in pension fund held

MORE than 20 employees in the superannuation industry have recently undergone a three-day specialised training course in superannuation – the first of its kind to be conducted in PNG for the superannuation industry workers.
The course titled ‘ASFA 100 superannuation – certificate IV in financial services (superannuation) – was conducted by Peter Grace, a training expert from the Australian superannuation industry who has worked with the sector since 1985.
The course will be continued through an online assessment component in which the course participants will be awarded the Australian national qualification – certificate IV in financial services superannuation, after successfully completing the course.
The subjects covered were:  the control of superannuation, investments, tax and super, income streams and lump-sum payments.
Nambawan Super Ltd managing director Leon Buskens told participants that such specialised training was very important in aligning the key staff to the fast-changing financial and social landscape in the country.
“A properly-skilled workforce will result in improved performance at the workplace, adding value to work outputs, and creating leverage for competitive advantage within the industry, and given the impact of huge investments such as the LNG project, this type of training will equip our employees to pursue potential clients.”
Buskens added: “Our business is sacrosanct, in that we are dealing with peoples’ lives and welfare. 
“It’s more critical in PNG as we do not have a welfare system … behind our contributing members are families, hence we really impact on a greater number of people and their families.”