SUNBIZ

FNPF Celebrates 50th Annivesary

The Fiji National Provident Fund has come through its own challenges, tribulations and will continue to ensure that it remains relevant and sustainable for its members. In celebrating the Fund’s
02 Aug 2016 10:11
FNPF Celebrates 50th Annivesary

The Fiji National Provident Fund has come through its own challenges, tribulations and will continue to ensure that it remains relevant and sustainable for its members.

In celebrating the Fund’s half century mark, FNPF chairman Ajith Kodagoda said the Fund would continue to better serve its members in the next few years.

The theme for the golden anniversary celebration is “Securing Your Future – 50 Years On”.

“We have come a long way in the last 50 years growing from a $30,000 Fund in 1966 to a $5 billion institution,” Mr Kodagoda said.

 

Re-emphasis core purposes

Mr Kodagoda said whilst the legacies and success stories of the past 50 years were worth celebrating, the Fund recognised the need to re-emphasize its core purpose as a progressive social security provider.

He said the right to progressive social security was a basic human right enshrined under section 37 of Fiji’s Constitution.

“I would also like to extend our appreciation to former and current staff and management, respective Board members and chief executive officers who have contributed towards the growth of the Fund,” Mr Kodagoda said.

“FNPF is what it is today because of all the contributions both small and big made by you all.

“I would also like to acknowledge the leadership and support of the Government of the day who stood by us during the reforms and modernisation process that begun in 2009.

“If not for some of these reform decisions, we would not be this strong and confident to face the next 100 years.”

FNPF kick started the celebration on its birthday by hosting residents of six selected senior citizens home to morning tea and/or lunch.

The three months celebrations would culminate with the opening of the Fund’s new Customer Services Offices at downtown Boulevard, a new mall in Greig Street in Suva and would also include various corporate social responsibility activities.

Also speaking at the Father Law Home, the Fund’s, chief operating officer Jaoji Koroi said the Fund was honoured to spend the day with senior citizens in their various homes.

“Most of whom have served this country in different capacities and some of whom are former FNPF members,” he said.

Mr Koroi paid tribute to the social organisations and the Government for their commitment to ensuring senior citizens were well-looked after.

He said the Fund remains committed to ensuring that members’ save for a secure retirement.

 

FNFP Establishment

Since its establishment in 1966 as a retirement savings fund, FNPF has evolved to provide other services such a pension and pre-retirement financial assistance.

Mr Kodagoda said it was now also an active player in the investment market as it continued to carry out its primary objective of securing its members future.

 

FNPF history includes

The Fiji National Provident Fund is Fiji’s largest financial institution.

This is the only superannuation fund that is mandated by law to collect compulsory contributions from employees and employers, towards the retirement savings of all workers in Fiji.

It was founded in 1966 under the FNPF Act.

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