The Fiji National Provident Fund (FNPF) has announced a historic milestone by offering its highest credit interest rate in over three decades. This achievement is attributed to the Fund’s strong investment performance and ongoing commitment to securing the financial futures of its members.
FNPF’s Chief Executive Officer, Viliame Vodonaivalu, expressed gratitude for reaching this significant point in their financial journey, crediting divine guidance for their success. The Fund reported a total investment income exceeding $1 billion for the financial year ending 2025, showcasing effective management and a disciplined investment strategy.
Notably, the Fund’s overall assets have surged from $9.5 billion to $10.6 billion, marking an impressive 11.6 percent growth. This results in a net return on investment of 8.5 percent, allowing for substantial interest payouts of $572.4 million to members, reflecting a strong commitment to enhancing member benefits during challenging economic times, where rising living costs and limited job opportunities persist.
FNPF is dedicated to improving members’ financial security through initiatives such as allowing housing withdrawals, lowering eligibility for voluntary membership to include newborns, and ensuring every decision made benefits its members. Moreover, the reinstatement of a contribution rate to 18 percent further underscores their dedication to enhancing retirement savings.
Looking ahead, the recent achievements of FNPF indicate a positive trajectory for the financial well-being of its members. The anticipation of further growth and innovative strategies instills confidence and hope, ensuring that the Fund remains committed to securing a stable financial future for all of its contributors.
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