The Fiji National Provident Fund (FNPF) reported significant growth in member contributions during the 2025 financial year, reaching $961.8 million. This marks a robust 23.3 percent increase from the $779.8 million collected the previous year. The rise in contributions can largely be attributed to higher income levels, a rise in additional contributions from mandatory members, and a strong engagement of voluntary contributors.
The annual report highlights a concerning trend as well: withdrawals related to migration have reached unprecedented levels, exceeding $82 million this year, a reflection of the growing number of members relocating permanently overseas. This migration trend has contributed to a slight 0.4 percent decline in active contributors. Additionally, full withdrawals due to death have also surged, surpassing $40 million, pointing to an increase in members not reaching the retirement age of 55.
In contrast, the FNPF noted a positive trend in additional voluntary contributions, which totaled over $98 million this year compared to $81 million the previous year. This indicates that many members are opting to contribute beyond the mandatory deduction levels to enhance their retirement savings and take advantage of the Fund’s strong investment returns. Voluntary contributions from both local and overseas members reached an all-time high of $31.2 million, up from $27 million last year.
However, it was also noted that unpaid contributions have increased to $14.6 million from $12.5 million in the 2024 financial year, which the Fund aims to address through enhanced debt recovery measures. The FNPF is committed to broadening social protection coverage, especially for Fijians in the informal sector and those living or working abroad who wish to maintain their membership.
The report emphasizes changing member behaviors in light of economic and social dynamics, indicating a shift in mindset regarding retirement savings. To adapt to these evolving patterns of employment and member needs, the FNPF is reviewing its policies and enhancing accessibility. The Fund is in the final phase of its strategic plan, aiming to realign its operations with long-term objectives through innovation and a member-first approach.
The positive growth and increased engagement in contributions underline the Fund’s resilience and its commitment to providing value to Fijians, ensuring that they remain prepared for a secure retirement.
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