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The Chief Executive Officer of the National Superannuation Fund (Nasfund), Mr. Rajeev Sharma, today announced the appointment of Mr. Christopher Elphick as Chairman of the Nasfund Board of Directors, effective January 2026.
Superannuation is a long-term savings plan designed to provide income during retirement. It offers financial benefits through regular contributions and long-term investment growth.
To grow your Nasfund superannuation, actively contribute regularly, whether through employer contributions or voluntary top-ups, to boost your retirement savings.
To minimize tax on your Nasfund superannuation payout, keep your savings invested for at least 15 years. This reduces your exit tax to 0%, compared to higher rates for earlier withdrawals, while also maximizing your savings through compound growth.
National Superannuation Fund Ltd or Nasfund is an accumulation fund and was the first Approved Superannuation Fund to be licensed by the Central Bank under the Superannuation (General Provisions) Act 2000 in 2002.
Eda Supa is for anyone who is earning some form of income and wants to save in a superannuation environment, farmers, sole traders and small business owners.
Nasfund's investee companies are carefully selected to align with the fund's strategy of delivering consistent returns, ensuring sustainable growth, and maximizing value for its members.
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The interim rate is the crediting rate the fund uses for withdrawals
A benefit that is offered to members while they still contribute to the Fund
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Mr Sharma said, “On behalf of the Fund, I am pleased to announce the appointment of Mr. Christopher Elphick as Chairman of the Board. Christopher brings proven leadership, strong governance experience, and a deep understanding of Nasfund’s mission to deliver long-term value for our members. His strategic mindset and investment expertise will be invaluable as we continue advancing our priorities and strengthening member outcomes.”
Mr Elphick joined the Nasfund Board on October 1, 2022, as an Independent Director. He has since chaired the Investment Committee and served on the Remuneration and Nominations Committee.
He brings extensive experience in business, management, and governance. Mr Elphick holds a Bachelor of Science (BSc) in Business Management from the University of Surrey (UK), majoring in Marketing and Management, and is an alumnus of the United World College of South East Asia.
As a proud graduate of the Nasfund Trainee Directors Program (2014 cohort), he has maintained along-standing relationship with the Fund and a strong appreciation of its mandate.
Beyond his role at Nasfund, Mr Elphick serves as Executive Director of Tohouwa (PNG) Limited (FairPrice), outgoing Chairman of the Nasfund Contributors Savings & Loans Society (ncsl), and Director of Transparency International PNG, among other roles.
Acknowledging Ms. Wardley’s contribution, Mr Elphick said, “I want to acknowledge the outstanding leadership of my predecessor, Ms. Tamzin Wardley. Her vision and dedication have reaffirmed Nasfund as a trusted and innovative superannuation provider.”
Reflecting on his appointment, Mr Elphick added, “It is an honor to lead Nasfund at this pivotal time. Having begun my journey as a trainee director, I am humbled to now chair the Board of an organisation that plays a critical role in securing the retirement future of all contributors in Papua New Guinea. My focus will be on strengthening governance, driving sustainable investment strategies, and enhancing member services through innovation and based on the Nasfund values.
With a strong Board and an exceptional management team led by CEO Mr. Rajeev Sharma, we are ready for tomorrow.”
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