The Fiji National Provident Fund has assured it’s members that the Fund is financially strong and members’ savings are safe and secure despite the increased withdrawal due to migration and lump sum payments. This was highlighted by the FNPF Chief Operating Officer, Pravinesh Singh during the FNPF Annual Member Forum at the Ba Civic Centre when questioned on the safety and security of the members' funds.
Singh says whenever the members have applied for withdrawal, they have been paid and no member has been turned away.
He says the withdrawal entitlements has increased, especially in terms of migration and lump sum payments.
The Chief Operating Officer also says members’ savings is governed by the board of directors and the management.
He further says according to the financial statements, they have more than $1.8 billion in surplus funds. Meanwhile, FNPF General Manager Member Services Alipate Waqarawai says FNPF has a total asset of $9.5 billion and what they owe to the members’ funds is $7.2 billion which also shows the financial stability of the Fund.
