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Young Couple Utilise Retirement Expo Services

Young Couple Utilise Retirement Expo Services
Ministry of Agriculture staff assisting a member of the public at the Retirement Expo at the Fiji National Provident Fund Downtown Boulevard on April 25, 2018. Photo: Maraia Vula
April 26
11:39 2018

 

Apenisa Kuruiwaca, 28, and wife Paulini Kuruiwaca, 30, went home happy yesterday after receiving home loan advice at the Retirement Expo in Suva.

The expo is being held at the Fiji National Provident Fund Downtown Boulevard Pa­laza.

The couple acknowledged ANZ Bank, say­ing they would opt for a loan next year.

“We are satisfied with the services provided to us and we believe ANZ home loan is suit­able for us to build our house next year,” said Ms Kuruiwaca.

Mr Kuruiwaca, a Republic of Fiji Military Forces soldier, and his wife, a Fiji Correc­tions Service officer, are planning to build a house.

They have a two-year-old son.

Another attendee Rusiate Waqalevu, 19, of Vione village in Gau visited the ANZ booth seeking to open a bank account for the very first time.

From left: Apenisa Kuruiwaca and wife Paulini Kuruiwaca assisted by ANZ Bank Business Development Personal Banker Fernado Vaurasi during the Retirement Expo at the Fiji National Provident Fund Downtown Boulevard on April 25, 2018. Photo: Maraia Vula

From left: Apenisa Kuruiwaca and wife Paulini Kuruiwaca assisted by ANZ Bank Business Development Personal Banker Fernado Vaurasi during the Retirement Expo at the Fiji National Provident Fund Downtown Boulevard on April 25, 2018. Photo: Maraia Vula

“I was given an application form and was advised to pay $100 deposit in order to start ne w account,” Mr Waqalevu said.

He acknowledged the services provided at the expo.

He is planning to visit other banks to com­pare the different costs associated with open­ing new bank accounts.

Ministry of Agriculture

The Ministry of Agriculture was also amongst the most visited exhibitors by farm­ers from as far as Kadavu, Ra, Serua and Tai­levu.

Services offered at the expo are advice to the members of the public on retirement planning and the various government grant schemes available by the ministry.

The Animal Health Production division and extension and crops division have assisted more than 100 visitors.

Most were seeking livestock, poultry and crops farming advice.

The ministry looks forward in expanding their services to more people before the Re­tirement Expo ends.

Approximately 73 per cent of FNPF mem­bers have balances of $10,000 or less.

This statistic has led the Financial Literacy Working Group of the National Financial In­clusion Taskforce to partner with the FNPF, the Reserve Bank of Fiji and the UN’s Pacific Financial Inclusion Programme (PFIP) to create an awareness campaign on the dire need to save for retirement.

The Expo features 23 exhibitors: ANZ, BSP Life, BSP Bank, BRED, FNPF, Fiji Pub­lic Trustee Corporation, FDB, HFC Bank, iTaukei Affairs Board, ITLB, Kontiki Fi­nance, Ministry of Agriculture, Ministry of Lands and Mineral Resources, Ministry of iTaukei Affairs, NCSMED, SPBD, Unit Trust of Fiji, Westpac, Fijian Holdings Unit Trust, Merchant Finance, Housing Authority, South Pacific Stock Exchange and the Reserve Bank of Fiji.

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