Source: UTOS – Unit Trust of Samoa
APIA, SAMOA – 13 AUGUST 2020: UTOS Unitholders can now buy units or open new accounts in Savaii through the Gambling Control Authority (GCA). The news was announced jointly by the Minister of Finance, Sili Epa Tuioti and the Minister of Public Enterprise, Lautafi Selafi Purcell at the Amoa Resort last Friday, 7th of August 2020.
Unitholders in Savaii were invited to the official launching of the partnership that saw a large number of unitholders turnout for the event. In the past Annual General Meetings of the Unit Trust of Samoa, unitholders in Savaii voiced the need for a UTOS agent in Savaii to open new accounts and purchase units for it has been a problematic process for unitholders in Savaii traveling to Apia to access these services.
Sili Epa, the Minister for UTOS, announced that after a thorough review by UTOS, the Gambling Control Authority has now become the official distribution agent for UTOS, selling units in Savaii.
Unitholders in Savaii can now visit the GCA Salelologa branch to make deposits into their UTOS account or open new accounts. The partnership will also commit to have more branches available in the outer villages (including Upolu) to allow unitholders such as farmers, fishermen and hardworking Samoans the chance to invest in the Trust.
Sili also reminded Unitholders not to worry about these technological threats, as UTOS has one of the most secure online systems for buying and selling units supported by International accredited Cyber Security Companies.
Lautafi Selafi Purcell spoke on behalf of the Gambling Control Authority stating that this partnership is a gateway for more Savaii residents to invest in the Unit Trust of Samoa that has over the years given benefit to people of Samoa.
Lautafi further explained that with this partnership, should you be one of the lucky winners with any of the Lotto games, UTOS is now available as an option to invest a portion of the winnings.
The Minister also reminded unitholders of the mobile vehicle service that covers all of Savaii every Thursdays and Fridays for residents that are unable to travel to Salelologa.