PacSuper has issued an update on its limited exposure to Bank South Pacific (BSP) and the governance processes in place to manage member investments.
PacSuper does hold shares in Bank South Pacific (BSP) within the PGK Investment Portfolio. Our overall exposure is limited, and the impact on the portfolio is not expected to be material.
The Government has reaffirmed its support for BSP, recognising its central role in the PNG economy. Other market participants, such as Kina Bank, have also indicated that any potential impacts from the recent NEC decision are not material.
PacSuper continues to manage member funds through a diversified investment strategy and strong governance framework, with regular oversight by the Board and licensed investment managers. This approach ensures member investments are closely monitored, particularly in times of market change.
Chris Hagan
Chief Executive Officer
PacSuper