EFL signs an MOU with FNPF
November 14, 2019 6:49 am
Energy Fiji Limited will now provide employment data captured through its collection system to the Fiji National Provident Fund .
The two entities yesterday formalized a partnership aimed at promoting information-sharing for compliance purposes.
EFL Chief Executive Hasmukh Patel says the information will be assessed and validated by the FNPF within the agreed timeline before it reverts to EFL.
“Whoever we deal with in terms of providing goods and services we do ensure and in fact we are already insuring that unless these organizations are both FNPF and FRCS compliant, we will not engage in any business dealings with those companies who are non-compliant.”
Common areas were identified to partner and ensure their stakeholders are compliant to FNPF requirements.
The partnership ensures that members’ funds are being paid on a timely manner.
The information exchange will be done on a quarterly basis and will be reviewed annually.