About Us

Brief on FNPF


The idea of a “Provident Fund” was first mooted in the 1940’s. The Honourable A. A. Ragg gave a speech in 1945 that planted the concept for a savings plan aimed at the old and disabled. Although his ideas were not supported at that time, it laid the platform for what would eventually become two decades later.

In the mid 1960’s the country was in a desperate need of a pension fund. This was the time to establish a fund that could provide some financial security for the workers of Fiji.

In 1965, the colonial government appointed Mr Hugh S. Robinson, who had managed the Mayalsian Employees Provident Fund, to lay the ground rules for the establishment of the FNPF, by drafting the appropriate legislation.

Advocates for the FNPF included Mr Razman and his colleagues, Mr Sakeasi Waqanvavalagi, who made strong representations to Legislative Council member, Mr A.D.Patel (who was also the founder of the National Federation Party). He, in turn, introduced the appropriate legislation for the formulation of the FNPF though the FNPF Ordinance No 19.

And so, in June 1966, FNPF became a reality.

The FNPF was initially funded with a government loan of £10,000 which was paid off within the first year. The contributions totalled to £876,025.8s 7d in the first year of operation.

Mr Robinson was appointed Manager of the Fund – a position he held until 1975. Richard Mayse became its first Chief Accountant, and Leonard Cheng was named Deputy Manager in December, 1970. The first Chairman was Mr J.F. Griffiths OBE. 

The Fund today offers a much wider range of services than the retirement fund that was set up back in 1966. From these humble beginnings, FNPF has grown to be a major player in the financial market.

The operations of the Fund is guided by the FNPF Act 2011. As such, FNPF is mandated by law to collect compulsory contributions from employees and employers towards the retirement savings of all workers in Fiji. Apart from retirement savings, the Fund also provides pre-retirement benefits such as housing, medical and education assistance.

As at 30 June 2019, FNPF’s total assets were valued at $7.4 billion, of which $6.1 billion is members’ balance for our 441,663 members.

FNPF is a major investor in Fiji and one of the country’s largest property owners. The Fund also owns majority shares in Amalgamated Telecom Holdings Limited, Vodafone Fiji Limited, HFC BANK, and fully-owns the Natadola Bay Resort Limited (InterContinental Fiji Golf Resort & Spa), Holiday Inn Suva, Momi Bay Resort Pte Limited (Fiji Marriott Resort), Marriott Denarau Properties (Westin Fiji, Sheraton Fiji and Denarau Golf & Racquet Club) and the Grand Pacific Hotel.

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Our Vision


Securing Your Future – we secure our members' future by growing their retirement savings

 

 

Our Mission


To understand our customers, offer quality services and ensure sustainable returns for a meaningful retirement.

 

 

Our Values


We have strong values, which are well embedded in our culture. We believe that these values will help us deliver our strategy:

 

Excellence

We are always striving to maintain high standards


Teamwork

We value the relationship we have with each other, respect our diversity and share experiences, resources and opportunities to foster our commitment to the cause of the Fund to achieve a common purpose


Humility

We value humility as a cornerstone of our service, showing respect to all, and willingness to learn and develop to serve our customers better.


Integrity

We resolve to do what is right for our customers and our colleagues even when no one is looking.


Courage

We challenge ourselves to think big, be decisive and persevere to make a difference