If you want to see the real benefit of investing at the Fiji National Provident Fund, put in more additional contributions.
This is the message from FNPF General Manager Member Services, Alipate Waqairawai, who highlighted that the Fund was set up in 1966 to cultivate a culture of savings.
While speaking at the FNPF Annual Member Forum at the Grand Pacific Hotel, Waqairawai says they have opened minor accounts for children where parents can now open accounts for their newborns.
He urges parents to take advantage of the compound interest at FNPF, and by the time they reach university age, parents don't have to pay for anything.
The General Manager Member Services adds children can pay for higher education fees for themselves, and if they don't want to pursue further studies, at least they have something to start with.
It was also revealed that over 200,000 members have a balance of $5,000 in their account, with 10,261 aged between 50 to 54 years old.
The FNPF Annual Member Forum will be held at the Labasa Civic Center from 1pm to 3pm Wednesday.
