FNPF pays out $531m as assets hit $12.1b

The Fiji National Provident Fund (FNPF) paid out $531 million in benefits to members last year, up from $474.2 million in 2024, the Fund revealed this week.

This was highlighted by FNPF chief executive officer Viliame Vodonaivalu during the FY2025 Member Forum on Tuesday.

"The Fund recorded a net income of $1.1 billion, reflecting strong performance from our diversified portfolio and disciplined management," Mr Vodonaivalu said.

He said after expenses, the net increase in assets was $993.1 million, which formed the basis for allocating returns to members.

"Based on this, we declared a crediting interest rate of 8.75 per cent, resulting in $711.7 million credited to members' accounts at 30 June 2025," Mr Vodonaivalu said.

The CEO said the Fund's total assets now stand at $12.1 billion, with the Member Fund growing to $9.5 billion.

"Our total assets for FY2025 stands at $12.1 billion, reflecting a stronger financial base to safeguard members' futures," he said.

Mr Vodonaivalu said return on investment improved from 6.1 per cent in 2021 to 9.2 per cent in 2025.

"This consistent upward trend reflects strong portfolio performance and disciplined investment management," he said.

He said the largest benefit payout was retirement benefits at $224.3 million, followed by migration at $82.3 million.

Pre-retirement benefits included $75.6 million in early withdrawals and $56 million in housing assistance.

Mr Vodonaivalu said the Fund expanded offshore investments including BSP PNG and an S&P 500 index Exchange Traded Fund.

"The portfolio grew strongly through major offshore additions in BSP PNG, an S&P 500 index Exchange Traded Fund, and global income funds, boosting returns and diversification," he said.

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