Promoting Retirement Savings

Created: 11 April 2019

The Fiji National Provident Fund will be hosting a retirement expo this week, as it continues to promote theretirement savings agenda to members and the general public.

The expo will be held at the Downtown Boulevard in Suva from April 10th – 13th, with the theme ‘It’s easy to save’.

Chief Executive Officer Jaoji Koroi said the Fund’s mandate requires it to continue to advocate for retirement savings.

“Retirement is a reality and how we live our lives after retirement depends a lot on how much we have planned and saved for it. We will be promoting FNPF products and services during the expo to create the level of awareness needed to ensure that members are able to save enough for a comfortable retirement,” he said.

“Our objective is to understand our members better and its events like these that allows us to do that by engaging with them and advising them as to how they can have a more financially secured retirement”

“With the on-going challenge of low member balances, specifically for those nearing retirement age, it is critical that members continue to take an interest in their retirement savings and consider options to increase their balances for a better retirement.”

“The sooner we start planning for our retirement, the more time and options we have in achieving our long term retirement goals. If we leave it too late, then we will be forced to make drastic changes to our lives when we retire,” Mr. Koroi added.

During the week, the Fund will provide retirement planning and counselling services, which includes information on Additional Contributions.

The general public can also enquire about our Voluntary Membership Scheme for minors and adults and they can also sign up for it during the Expo.

Members will also be able to sign up for the Fund’s digital services and update their records or Nominations and Memorandum of Administration.

“Staff will also advise members on the FNPF/Government Village Housing Grant assistance scheme, if they are interested”, Mr. Koroi added.

The Fund will also hold Retirement Expos in the Western and Northern divisions in the next few months, with dates to be announced soon.

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