The Fiji National Provident Fund has once again been recognised by the International Social Security Association following on from its milestone achievement in 2012.

FNPF has just been awarded the Certificate of Merit award on ‘Transforming and reforming its services via an integrated administration IT system’.

The association also recognised two of its Internal Audit good practices.

These were ‘Quality Assurance and Improvement Programme’ and ‘Internal Audit Staff External Secondment Programme’.

These programmes will be included as part of the International Social Security Association’s Good Practices database.

FNPF chairman, Ajith Kodagoda, received the award on behalf of the fund at the Regional Social Security Forum held in Muscat, Oman from November 2 to 4.

FNPF was selected by an independent jury coordinated by the International Social Security Association.

Mr Kodagoda said the award was a testament of the success of FNPF reform programme, continuous improvement and its focus on international best practices and service quality.

“This would not be possible without the resolve and sacrifice made by the Board and Management, as well as staff tasked to carry out the reform,” he said.

“Of course this would not have happened without the unwavering support of the Government.”

The association has also requested the FNPF to present a paper on the success of their reforms at the annual gathering next week in Muscat.

This is where Boards and Management of National Provident Funds of 150 countries will be present in their Conference held once in three years.

The award in 2012

In 2012, FNPF achieved a milestone by becoming the first superannuation fund in the Pacific to receive two merit awards from the International Social Security Association.

The Good Practices award for “Reforming the Fiji National Provident Fund Pension Scheme” and for “Promoting External Financial Literacy.”

The association recognised the good practices implemented by the Fund to ensure the sustainability of the pension business through the ambitious pension reform undertaken.

It also recognised the fund’s effort to educate and create awareness on the financial literacy of members and pensioners.

The association was founded in 1927, with its Headquarters in Geneva, and consists of 300 member organisations representing 160 countries.

The ISSA Good Practices and Merit Award programme is organised over a three-year cycle and has gained International attention from social security institutions.

The extension of Social security is a central priority of the association.

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