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FNPF's position stronger than ever

Felix Chaudhary
Friday, February 07, 2014

THE financial position of the Fiji National Provident Fund is now stronger than ever, says Prime Minister Commodore Voreqe Bainimarama.

Speaking at the opening of the fund's new office at Naviti St in Lautoka yesterday, Commodore Bainimarama said prudent financial management and reforms by the FNPF board meant that the security for all members was secure.

"And the proof of that is in the audited financial results for 2013 — a net surplus of $293million," he said.

"That's a 21 per cent improvement in underlying performance.

"That means the savings of ordinary Fijians are secure.

"That means the three hundred thousand FNPF members who are yet to retire can be confident about their nest eggs and their futures."

During a tour of the modern facility, Commodore Bainimarama informed FNPF chief executive officer Aisake Taito that the majority of complaints from members living in the Western Division to his office were about the FNPF and uncertainty about the services being provided.

Mr Taito said the FNPF was holding forums around the country and doing outreach programs to ensure that people understood how the fund worked.

"We are addressing this issue by taking our services to the people," he said.

"We have revamped our website so that more information is disseminated to the general public," he said.

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