Brief on FNPF
The Fiji National Provident Fund is a defined benefit fund that provides superannuation services to its members. The operations of the Fund is guided by the FNPF Decree 2011 and the FNPF Transition Decree 2011. As such, FNPF is mandated by law to collect compulsory contributions from employees and employers towards the retirement savings of all workers in Fiji. Apart from retirement savings, the Fund also provides pre-retirement benefits such as housing, medical and education assistance.
As at 30 June 2015, FNPFâ€™s total assets were valued at $4.9 billion, of which $4.0 billion is membersâ€™ balance for our 403,316 members.
FNPF is a major investor in Fiji and one of the countryâ€™s largest property owners. The Fund also owns majority of shares in Amalgamated Telecom Holdings Limited, Vodafone Fiji Limited, Home Finance Company Bank, and fully-owns the Natadola Bay Resort Limited (InterContinental Fiji Golf Resort & Spa), Holiday Inn Suva, Momi Bay Resort Limited and 25% of the Grand Pacific Hotel.