Nasfund Hosts CEO’s Business Breakfast & Employer Conference for 2026

Nasfund this week with the CEO’s Business Breakfast, where Chairman Christopher Elphick spoke to business leaders on the high‑level impact of superannuation on everyday Papua New Guineans, stressing that superannuation is not simply a statutory requirement but a cornerstone of long‑term financial security and dignity. He highlighted the Fund’s record 2025 results: a Net Profit After Tax of K1.08 billion, Net Asset Value exceeding K9.45 billion, and a 13% interest crediting rate, with more than K1 billion credited to members’ accounts - the largest distribution in Nasfund’s history. 

Mr. Elphick emphasized that these outcomes are only possible through the collaboration of employers, payroll teams, regulators such as the Bank of Papua New Guinea, and the Fund itself. He underscored the importance of accurate payroll data, timely remittances, and strong compliance, while reaffirming the Board’s commitment to responsible stewardship, strengthened governance, and nationwide engagement. 

Chief Executive Officer Rajeev Sharma then addressed the captains of industry, presenting the audited results in detail and encouraging employers to take a more active role in shaping retirement outcomes for their staff. He urged employers to increase contributions above the statutory 8.4%, aiming for at least 10% to align with Pacific benchmarks, as a direct and lasting benefit for employees. He also highlighted the gender gap in retirement savings, noting that women represent 26% of membership but hold only 28% of balances. Mr. Sharma encouraged employers to support female staff during unpaid maternity leave, as Nasfund does for its own employees, to reduce long‑term disparities and ensure women retire with greater security. 

“Employers have the power to directly improve the lives of their staff by going beyond the statutory minimum. Every additional percentage point is a long‑term investment in dignity and comfort for your employees in retirement,” Mr. Sharma said. 

 “Supporting women during maternity leave and ensuring timely contributions are not just compliance measures - they are commitments to fairness, inclusion, and the future of our workforce.” 

Following the Breakfast, the program continued with the Employer Conference, the first of its kind to feature presenters across multiple locations in Port Moresby, Mt Hagen, Kokopo, and Lae. Chairman Elphick again led the discussion, thanking payroll and HR professionals for their critical role in keeping superannuation running smoothly. He outlined the Board’s three‑year focus: simplifying processes, improving digital tools, and strengthening employer support to reduce errors and resolve issues faster. 

Mr. Sharma spoke directly to employers about the Employer Default Summary, noting that delayed contributions reduce members’ interest earnings, and urged employers to maintain timely compliance. He also emphasized the importance of superannuation literacy, encouraging employers to partner with Nasfund in educating staff about compound interest, inflation, and the benefits of starting early. 

Together, the CEO’s Business Breakfast and Employer Conference showcased Nasfund’s dual priorities: ecosystem collaboration and regulatory oversight, alongside employer responsibility and inclusion. Employers, regulators, and the Fund are working hand‑in‑hand to deliver sustainable retirement outcomes, while members are being empowered with knowledge and support to secure their financial future.