The Fiji National Provident Fund (FNPF) has announced an impressive interest payout of 8.75 percent for its members for the financial year ending June 30, 2025. During his budget address in Parliament, Finance Minister Prof. Biman Prasad revealed that this payout will amount to a total of $700 million, which will be added to the member accounts on June 30, indicating a significant return on retirement savings for the Fund’s members.
This new payout represents the highest interest rate given to members in the past two decades, showcasing the FNPF’s effective management through prudent investment strategies and strong governance. Prof. Prasad expressed his gratitude towards the FNPF Board and staff, praising their dedication and leadership, which has played a crucial role in achieving this remarkable outcome.
The FNPF has previously set a precedent with an 8% payout for the financial year ending June 30, 2024, which was also celebrated for being the largest in roughly twenty years. The strong financial performance was attributed to successful investment strategies, including significant income contributions from various sectors such as government bonds and equities. This continued growth reflects the Fund’s solid governance and commitment to maximizing returns for its members, ensuring they see tangible benefits from their retirement savings.
Members are encouraged to check their updated account balances on digital platforms like the myFNPF app from July 1st, which should further enhance their engagement and awareness regarding their retirement savings.
The positive sentiment around FNPF’s management and its ability to secure substantial returns fosters hope among members for continued financial stability and growth in the coming years.
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