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FNPF records successful financial year

November 14, 2017 11:28 pm

The Fiji National Provident Fund recorded a net profit of over three hundred and fifty-nine million dollars as at June 31st, an increase compared to last year.

General Manager Member Services, Alipate Waqairawai, says the fund recorded a net profit of around two hundred and thirty-one million last year.

Waqairawai says they have recorded an increased in member contributions from four point four billion in 2016 to four point nine billion in 2017.

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“This year we collected about 546.2 million dollars up from $480.6 million in 2016. That is an increase of 13.6 percent. Our return for investment for this year was 6.8 percent so we paid out and we declared an interest of 6.35 % to members and that totaled about $270 million which was credited to our members.”

The FNPF has been informing the members about their financial status in Labasa since last Friday.

The team will move to Suva and the West later this week.

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