The Fiji National Provident Fund (FNPF) is actively pursuing development projects in the Northern Division as part of its strategy to diversify its investment portfolio. Chief Investment Officer Naibuka Saune made this announcement during the FNPF Annual Member Forum held in Labasa, affirming the Fund’s commitment to enhancing returns while providing long-term benefits to members in that region.
Saune indicated that the Fund is on the lookout for viable investment opportunities that could yield positive outcomes for its members. “We also have some of our team members here who will be staying for a few more days to explore some of the sites we have here in the North. It is assured that we are looking at ways the Fund can actively participate through structured approaches and guided investments that deliver broad-based benefits equally among our members,” he stated.
This proactive strategy was in response to suggestions from pensioner Mohammed Nazeem, who emphasized the importance of increased FNPF investment in the Northern Division. Nazeem pointed out that such investments could spur economic growth and provide greater returns for members residing in the area.
While Saune highlighted the diversification efforts, he assured attendees that the Fund’s primary focus remains on safeguarding members’ contributions. FNPF Chief Executive Viliame Vodonaivalu also underscored that the Fund is already making significant contributions to national development through investments in major institutions such as Telecom Fiji Limited, Vodafone Fiji, Bank of South Pacific, and Home Finance Company.
The annual forum saw hundreds of members gather at the Labasa Civic Centre to receive updates on the fund’s performance and its future investment strategies. The discussions reflected a hopeful outlook for enhancing the financial well-being of all members, particularly in the Northern Division, fostering a collaborative approach to community growth and development.
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