9.5% return rates won’t be consistent each year: FNPF

Fiji National Provident Fund (FNPF) members should not expect interest rates similar to this year's 9.5 per cent return every year because of global economic uncertainty.

Fund chief executive officer Viliame Vodonaivalu cautioned members that the interest crediting rate for the financial year ending June 30, 2026, should not be viewed as the new normal.

"While we celebrate this result, it is important to be clear that current performance does not guarantee future returns," Mr Vodonaivalu said.

Mr Vodonaivalu said global market volatility and geopolitical tensions were expected to continue in the years ahead.

"Returns at this level may not be sustained every year, and members should view this outcome in that broader context," he said.

He said maintaining a well-diversified investment portfolio would remain critical to protecting members' retirement savings during uncertain economic conditions.

Finance Minister Esrom Immanuel announced the 9.5 per cent interest crediting rate while delivering the 2026–2027 National Budget today.

The payout follows a strong financial year in which the Fund generated more than $1.2 billion in investment income. Approximately $866 million will be credited to more than 446,000 members and DrawDown Account holders.

FNPF said the result reflected the Fund's strong financial position and the continued performance of its diversified investment portfolio.

Mr Vodonaivalu said the performance demonstrated the resilience and diversity of the Fund's investment strategy.

"Delivering over $1.2 billion in investment income and a 9.5 per cent crediting rate demonstrates the resilience and diversity of our portfolio," Mr Vodonaivalu said.