Disclaimer
The results obtained from these calculators are for general purposes only to illustrate the effect of compound interest and are not intended as a substitute for professional financial advice. Before making any financial decisions on the basis of these results, you will need to consult with an independent financial planner or accountant as well as consider whether the advice is suitable to meet your personal financial objectives and circumstances.
The actual performance of any investments will depend on future economic conditions, investment management, fees and taxation. Past performance is no guarantee of future performance and as a result of this, all the results are hypothetical and are NOT GUARANTEED.
Nambawan Super specifically disclaims any liability for any direct, indirect, incidental, consequential or special damages arising out of or in any way connected with the access to or use of these calculators. To the extent permitted by law, under no circumstances will Nambawan Super be liable for any loss or damage caused by a user's reliance on the information by using these calculators.
Assumptions
Projected super balance at retirement:
The projected total super balance takes into account your starting balance, employee and employer contributions, any additional voluntary contributions as well as interest earned between now and your retirement.
Retirement age:
We have assumed a default retirement age of 65. This can be adjusted in the calculator.
Working life:
The calculator assumes that you will have a continuous working life with no breaks up to your retirement age.
Interest rate:
The default investment returns have been set at 6.0%. This is based on the Nambawan Super 10-year average interest rate.
Employee contributions:
PNG Superannuation laws dictate that 6% is the mandatory minimum contribution for employees to make. Employees may choose to contribute more than the minimum.
Employer contributions:
PNG Superannuation laws dictate that 8.4% is the mandatory minimum contribution that employers have to make. Employers may choose to contribute more than the minimum.
Nambawan Super Members’ funds are invested in a diverse pool of investments that aims to deliver optimum risk-adjusted returns over the medium and long-term. Guided by an Investment Strategy that is informed by a Strategic Asset Allocation (SAA), we invest in businesses and assets in certain segments of the local economy and across global markets.
The Fund's international investments include cash and listed equities. Foreign currency shortages in 2023 continued to constrain efforts to repatriate cash offshore to fully implement our SAA target for international assets. We continued to implement the SAA by investing accumulated cash from receipts of distributions from existing investments and the gradual build up of cash from remittances as and when foreign currency is made available. The Fund has a zero allocation to offshore cash as an investment asset. We endeavour to deploy cash to other assets where we have an allocation or as soon as an investible amount is reached.
Our strategic approach to investments has contributed to Nambawan Super Limited’s success over the years resulting in making us the largest superannuation fund in PNG at present with close to K10 billion in assets under management. The Fund has a proven track record in investing Members’ funds locally which have grown over the years to benefit our Members through investment returns as well as helping to grow the local economy.
International Equity
The Fund’s international equities have been invested in a number of equity funds, with a mix of passive and active strategies. These managed funds are listed below.
| Managed Fund | Industry/Sector |
| Blackrock Wholesale Indexed International Equity Fund | Global Equity Funds ex-Australia |
| Amundi Funds - Polen Capital Global Growth (USD) | Global Equity Funds |
| Schroder International Selection Fund - Global Equity (USD) | Global Equity Funds |
| Schroder International Selection Fund - EM Asia (USD) | Emerging Market Fund |
| Lyxor Core MSCI World (DR) UCITS ETF | Global Equity Funds |
| HSBC MSCI World ETF | Global Equity Funds |
| Goldman Sachs EM EQ Fund (USD) | Emerging Market Fund |
| Acadian Global Managed Volatility Equity Fund | Global Managed Volatility Fund |
