Comrade Trustee Services Limited is the appointed Trustee for the Defence Force Retirement Benefit Fund (DFRBF), effective 1st January 2003, as approved by the Bank of Papua New Guinea under the Superannuation (General Provisions) Act 2000. CTSL operates from two locations: Port Moresby, serving members in the Southern region and Lae, serving members in the Northern region.
CTSL is the only dual scheme superannuation fund in Papua New Guinea, managing a Defined Benefit Scheme and Accumulation Scheme.
Comrade Trustee Services Limited (CTSL) engages the services of Kina Investments & Superannuation as authorised Fund Administrator for the Defence Force Retirement Benefits Fund.
Its core responsibilities include:
CTSL is committed to continuous improvement and innovation in service delivery for persist members.
The Fund’s investment portfolio is managed by professional, licensed Fund Managers appointed by the CTSL Board. These Fund Managers are carefully selected based on their market expertise, strong performance history, and alignment with the Fund’s long-term objectives.
They are responsible for:
CTSL actively monitors the Fund Manager performance to ensure members’ superannuation benefits are protected and maximized.
Our vision and mission guides everything we do. They reflect our commitment to growing our members’ wealth, safeguarding their future, and delivering consistent value through responsible fund management and member-focused services.
To create wealth and improve the well-being of members through the prudent management of investments of the fund.
To continuously deliver services to meet the identified needs of the Accumulation & Defined Benefit scheme members and to prudently manage the Fund to ensure their values are maintained and enhanced.
To achieve our mission statement, all CTSL directors, employees, and core service providers must uphold our corporate values, which challenge us to maintain the highest professional and ethical standards in our relationships with members, suppliers, and the community.
Operating in honesty and integrity. Demonstrates principled leadership and sound business ethics. Shows consistency among principles, values and behaviors.
Demonstrates honest and ethical behavior in all business transactions. Ensures that company/professional standards are maintained and being transparent in our dealings with all parties.
Behaving well towards others and acting in ways that benefits the company. Always putting the interest of our members first. We will avoid drama by exhibiting civility, empathy and restraint. “I am because we are, “and also “humanity towards others
Aiming continually to improve our services and efficiency levels. Pursuing an employment policy that is based on merits and does not discriminate on the gender, race, religion or ethic persuasion.
We build trust through authenticity and keeping commitments. We feel connected to the organization, understand its goals, and believe we fit in. This drives us to be more determined, productive, and proactive in offering support.
