SUNBIZ

Promoting Retirement Savings

With the on-going challenge of low member balances, it is critical that members continue to take an interest in their retire­ment savings and consider options to increase their balances for a bet­ter retirement.
09 Apr 2019 15:18
Promoting Retirement Savings
FNPF

The Fiji National Provident Fund will be hosting a re­tirement expo this week, as it continues to promote the retire­ment savings agenda to members and the general public.

The expo will be held at the Down­town Boulevard in Suva from tomorrow till Saturday with the theme ‘It’s easy to save’.

FNPF chief executive officer Jao­ji Koroi said the Fund’s mandate requires it to continue to advocate for retirement savings.

“Retirement is a reality and how we live our lives after retirement depends a lot on how much we have planned and saved for it.

“We will be promoting FNPF products and services during the expo to create the level of aware­ness needed to ensure that mem­bers are able to save enough for a comfortable retirement,” he said.

Objective

“Our objective is to understand our members better and its events like these that allows us to do that by engaging with them and advis­ing them as to how they can have a more financially secured retire­ment.

“With the on-going challenge of low member balances, specifically for those nearing retirement age, it is critical that members continue to take an interest in their retire­ment savings and consider options to increase their balances for a bet­ter retirement.

“The sooner we start planning for our retirement, the more time and options we have in achieving our long term retirement goals.

“If we leave it too late, then we will be forced to make drastic changes to our lives when we re­tire” Mr Koroi added.

Programme

“Staff will also advise members on the FNPF/Government Village Housing Grant assistance scheme, if they are interested,” Mr Koroi added.

The Fund will also hold Retire­ment Expos in the Western and Northern divisions in the next few months, with dates to be an­nounced soon.

Source: Fiji National Provident Fund

Feedback: maraia.vula@fijisun.com.fj

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