Superfund rolling out financial literacy programme to help members

NAMBAWAN Super has developed a new financial literacy programme that is being rolled out this year.
Chief executive Paul Sayer told The National that the fund would work with its employers to run a “get ready for retirement” module.
“This is so that members plan for their retirement and learn skills to weigh up entrepreneurial activity and explain retirement savings accounts that can provide income replacements,” he said.
“Beyond the Covid-19 withdrawals, Nambawan Super has been anticipating what has been previously announced in the budget regarding the public sector reforms that are expected to increase the public sector exits from the fund in 2020.
“We see first-hand the benefits for members who choose to retain their savings in a retirement savings account and take regular income payments, with members who manage these accounts well having their funds last over 10 years after they have finished work.”