The Comrade Trustee Services Limited (CTSL) Superannuation Fund has announced a 12.5% crediting rate for members for the 2025 financial year, reflecting strong investment performance and disciplined financial management.
The result represents an improvement from the 10.5% crediting rate declared in 2024, and follows a year of strengthened governance, portfolio renewal and continued operational improvements across the Fund.
Chairman Chetan Surinder Chopra said the result demonstrates the effectiveness of the Fund’s strategic focus on delivering sustainable outcomes for members.
“CTSL’s results are comparative to success across the wider market this year. We are more focused than some of the other industry funds. Our priority has always been to deliver strong and sustainable returns for our members.” Mr. Chopra said.
“This year’s crediting rate reflects the disciplined management of our investments, improvements in governance, and the commitment of the Board and management to protecting and growing the retirement savings of our members.”
For the 2025 financial year, CTSL reported Net Asset Value of K899 million, representing an 11.8% increase from K804 million in 2024, while comprehensive income increased to K99.3 million, up 32% from the previous year.
The Fund continues to serve members of the Papua New Guinea Defence Force community, providing retirement savings and pension services across three membership groups including accumulation members, defined benefit pensioners and serving defined benefit members.
Mr. Chopra said the Board’s strategic focus over the past three years has centered on strengthening the Fund’s long-term sustainability.
“Over the past three years, we have focused on strengthening the Fund across several key areas — member engagement, investment performance, governance, organisational capability and financial discipline,” he said.
“These efforts have positioned CTSL as a stable and well-governed fund dedicated to delivering strong retirement outcomes for our members.”
As part of its investment strategy, the Fund has undertaken a review of its portfolio, exited underperforming assets and reinvested capital into opportunities aligned with its long-term return objectives.
CTSL is also evaluating investment opportunities across provinces in Papua New Guinea to support member outcomes and broader national development.
Looking ahead, the Fund will continue to focus on enhancing services for members approaching retirement.
“An increasing number of our members are transitioning from the accumulation phase into retirement. Our next strategic focus will be on developing innovative retirement solutions and services that support members in managing their savings through retirement,” Mr. Chopra said.
The Chairman acknowledged the contributions of the Board, management and staff in achieving the year’s results and reaffirmed the Fund’s commitment to serving the men and women of the Papua New Guinea Defence Force community.
“The progress CTSL has made over the past few years reflects the collective effort of a dedicated Board, management team and staff who are committed to acting in the best interests of our members,” he said.
“Our focus remains clear — to prudently manage the Fund and ensure that the retirement savings of our members continue to grow in a sustainable and responsible manner.”
