Nasfund Signs MoU with New Britain Palm Oil to Expand Super Access for Smallholders

The National Superannuation Fund Limited (Nasfund) has signed a Memorandum of Understanding (MoU) with New Britain Palm Oil Limited (NBPOL) to strengthen and expand access to superannuation for smallholders and oil palm growers through Nasfund’s Eda Supa product.

Building on an existing relationship that has already seen over 1,300 smallholders onboarded under Eda Supa through NBPOL-supported initiatives, the MoU establishes a clear framework for both organisations to deepen their collaboration. The partnership will focus on onboarding additional eligible growers, promoting a stronger savings culture, and improving access to long-term financial security for individuals working across Papua New Guinea’s oil palm value chain. Under the agreement, the parties will work closely to ensure efficient contribution and remittance processes, while also sharing regular progress updates and coordinating outreach efforts to support member education and onboarding.

A key target of the MoU is to onboard an additional 1,000 smallholders or oil palm growers, further extending formal retirement savings opportunities to Papua New Guineans who may not currently be contributing to an authorised superannuation fund. Over time, the partnership also aims to broaden coverage to workers and growers in key growing regions including Alotau, Ramu and Popondetta.

For Nasfund, the MoU reflects its continued commitment to superannuation inclusion and to creating practical pathways for informal and semi-formal income earners to save for retirement. By leveraging NBPOL’s strong presence within rural and agricultural communities, Nasfund is enhancing its reach and supporting broader national efforts to encourage disciplined, long-term savings.

“This MoU represents an important step in broadening access to superannuation for Papua New Guineans who are contributing meaningfully to the economy but may not always have access to structured retirement savings opportunities,” said Rajeev Sharma, Nasfund CEO.

“We have already seen encouraging progress through our existing partnership with more than 1,300 smallholders enrolled under Eda Supa. Through this renewed commitment, we aim to scale that impact even further bringing more growers into the system and helping them build sustainable savings for their future.”

Over the life of the agreement, Nasfund and NBPOL will continue working together to strengthen awareness, improve accessibility, and ensure more Papua New Guineans understand and benefit from consistent retirement savings.

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