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In this TokTok, we outline why growing members savings prudently is one of the vital mandates for Nambawan Super.
The needs of every member is different and complex, especially, when balancing today’s needs of food, accommodation, education and perhaps travel, against the future needs of income replacement and funding your retirement.
At Nambawan Super, we assist members with these future challenges by growing savings for retirement. This is done by prudently investing funds across different assets so as to achieve the goal of CPI + 2%. Basically, this means, growing members savings to beat the general increase in the price of things. In this way, you can retire comfortably with your hard earned savings.
Nambawan Super continues to grow members funds, in fact over the last 10 years, the fund has beat the average CPI by achieving an average Interest Crediting rate of 11%.
Figure 1, Source: NSL
Nambawan Super strives to grow and protect member funds and provide financial security to and through their retirement. After retirement, members can elect to leave some money in the Fund and enjoy even more growth. To do this, a member can preserve part of their retirement funds in our product called “Retirement Savings Account” (RSA), thereby removing the temptation to spend everything at once, which could leave one without financial support.
Call our call centre on 1599 to learn more about the RSA product and other products.
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