Before he handed over the baton to incoming CEO Rajeev Sharma last month, Nasfund’s long-serving CEO Ian Tarutia, spoke to Business Advantage PNG about his time in charge of Papua New Guinea’s largest private sector superannuation fund – and where PNG’s economy might go from here.
War chest: oversubscribed COVID-19 bond will help Papua New Guinea fight virus
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11 May 2020 by 2 Comments
The government’s COVID-19 bond was oversubscribed after the first week, according to Treasurer Ian Ling-Stuckey. He said over K1 billion was raised and that the money will help protect Papua New Guineans from the worst effects of the coronavirus pandemic.
Papua New Guinea’s two big super funds on how to improve capital raising
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11 Sep 2019 by Leave a Comment
PNG’s superannuation funds are heavily weighted towards cash and government bonds. But many other opportunities could be developed, senior executives of the two big super funds told the 2019 Business Advantage Investment Conference.
Nambawan Super expects low growth in 2016/2017, says CEO
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22 Mar 2016 by 3 Comments
The CEO of Papua New Guinea’s largest superannuation fund expects 2016/17 to be another year of low growth, with a pickup from 2018 onwards. Nambawan Super’s Garry Tunstall also tells Business Advantage PNG he expects the fund will slightly increase its international investments this year.
Still growth in Papua New Guinea’s economy, but easing, says new Nambawan Super CEO
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27 Nov 2013 by
The new Chief Executive Officer of Papua New Guinea’s largest superannuation fund has hit the ground running. Business Advantage PNG met up with Garry Tunstall to discover his plans for Nambawan Super.
New prudential rules for the finance industry – opportunity or expensive overhead?
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1 May 2013 by 2 Comments
Commercial lawyer Steven Kami says PNG’s superannuation and life insurance sectors are worried about the effect of the new prudential standards on corporate governance, and in particular the effect on eligible directors.
Nasfund turnaround due to improved investment performance: Tarutia
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27 Mar 2013 by
PNG’s largest superannuation fund, Nasfund, released its annual results earlier this month. Business Advantage PNG spoke with its Chief Executive Officer Ian Tarutia.
Case study: nation-building with superannuation
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1 May 2007 by Leave a Comment
With confidence restored in Papua New Guinea’s superannuation sector, POSF Ltd, one of PNG’s two major superannuation companies, is proactively engaged in nation-building. The ‘wantok’ system of relationships in Papua New Guinea is not only complex but is an integral part of social existence. In essence, one salary-earner may have financial obligations to as many […]
NASFUND: Cleaning up in superannuation
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1 May 2006 by Leave a Comment
National Superannuation Fund, or NASFUND, is representative of the strong leadership now being shown by Papua New Guinea’s financial sector. It wasn’t always so, as the fund’s Chief Executive Officer Rod Mitchell tells Business Advantage. ‘In 1999, we had debts of K155 million and we had net assets of K125 million. Six years later we […]
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