Milestone Interest Rate For FNPF Members

We are excited to announce a significant milestone for the Fiji National Provident Fund (FNPF) and our members. We have achieved a record interest rate crediting of 8% for our members, the highest in the last two decades.

A total of $561.5 million will be paid to 417,722 members’ accounts on Sunday 30th June.

Chief Executive Officer Viliame Vodonaivalu said: “This remarkable achievement is a testament to the effectiveness of our investment strategies, which have been meticulously crafted to optimize returns, diversify our portfolio, and focus on resilient sectors for sustainable growth.”

“As we celebrate this achievement, we give thanks to the Almighty God the creator of heaven and earth, for His guidance and blessings. We will continue to uphold our values of integrity, transparency, and accountability in serving our members and the people of Fiji.”

“The increase in income, has been driven by several key contributors. Government bonds have been a significant source of total income earned, accounting for 30% of the total. Equities have also performed well, contributing 51%, commercial debt 11% and Property & other portfolio 8%.”

“These results align with our core strategies of optimizing existing investments, diversifying across various asset classes, and focusing on resilient sectors for sustainable returns. Of the income earned from equities and commercial debt, our telco assets generated 9% and hotel assets accounts for 24%. These strategies have collectively enabled us to deliver outstanding results and reaffirm our dedication to providing exceptional value to our FNPF members. We look forward to continuing our successful approach to ensure stable and robust growth in the future.”

“We have consistently delivered impressive returns, backed by strong performance in our investments portfolio. Our range of short and long-term investments have paid dividends, strengthening our mission to grow our members’ savings through exceptional returns.”

“A few of our recent investments are a testament to our forward looking strategy, for example, the acquisition of shares in Future Farms – Rooster Chicken and Fletcher Higgins of Fletcher Construction and the mix-use commercial/industrial property assets.”

“Our offshore investments, although restricted, has grown exponentially and generated good returns.

Mr. Vodonaivalu said the Fund also strives to provide members with satisfying digital experiences such as the myFNPF App, employer portal and enabling online payment solutions.

He adds that with a continued member centric focus, the Fund has made great strides through the enablement of beneficial initiatives such as the inclusion of professional development courses and laptops in the education withdrawals, positive changes in medical and unemployment pre-retirement benefits and collaboration with institutions such as the I-Taukei Land Trust Board for housing withdrawals.

“The Fund remains steadfast in our commitment to elevate the financial prosperity of our members. Retirement savings is the main source of savings for our members and we strive to provide them with the best returns that will ensure growth in their funds for their future.”

Members will be able to view their new balance on the myFNPF App and other digital platforms, from Monday 1st July.

FNPF’s digital platforms will be offline on Sunday 30th June from 8am to 7pm.