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A-G: FNPF needs to be supported

Aqela Susu
Wednesday, March 14, 2018

ACTING Prime Minister and Attorney-General Aiyaz Sayed-Khaiyum yesterday told Parliament there is a need to support the Fiji National Provident Fund and not debunk it.

Mr Sayed-Khaiyum made the statement while responding to a question by Opposition member Viliame Gavoka on the establishment of another superannuation fund which was part of a recommendation in a Reserve Bank of Fiji report.

Mr Sayed-Khaiyum said the decision to have another superannuation fund rested with Government and not a mere report.

He said Fijians knew their funds were secured.

"It is quite extraordinary that because of their political expediency, they want to debunk those reforms when everybody else is accepting it," Mr Sayed-Khaiyum said.

"The international community is accepting it. The sustainability of the fund is being actually upheld," he said.

"They (Opposition) come into this House with the audacity to say when are we getting another superannuation fund into Fiji? We are not even a million. There's only 470,000 members in FNPF."

He said it seemed the Opposition was unhappy with the FNPF.

"A report can be a report, but it's the Government of the day that makes the decision.

"Here is a fund that is completely Fijian owned. We need to support FNPF, not try and debunk it," he added.

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