Great news as FNPF members to get historic 8.75% interest rate

Great news for Fiji National Provident Fund members as FNPF has announced a landmark achievement with a remarkable interest rate of 8.75% for the financial year ending June 30th 2025.

This marks the highest credit interest rate in over 30 years, with a total of $698.75 million to be credited to members' accounts.

FNPF says this significant milestone highlights the Fund's strong investment performance and unwavering commitment to securing the future of its members.

Chief Executive Officer Viliame Vodonaivalu says for the financial year ending 2025, the Fund achieved a total investment income exceeding $1 billion, a testament to FNPF’s robust, diversified investment strategy and its ongoing focus on sustainable, long-term value creation.

He says their investment strategy is deeply anchored in delivering long-term benefits to the members while ensuring the Fund’s financial integrity,

The Fund's investment income was largely driven by equities, which accounted for 52% of total earnings.

Government bonds contributed 27%, while commercial debt investments provided 11%, and property and other portfolios made up 10%.

On the global front, the Fund invested in an S&P 500 Index tracking Exchange Traded Fund and enhanced its holdings in BSP Financial Group Limited.

It also diversified its portfolio of Australian-listed equities to include listed real income securities in developed global markets, all of which contributed positively to the Fund’s performance.

Significant local investments during the financial year included purchase of prime land in Pacific Harbour, investment in Naisoso Radisson Blu Mirage through the purchase of an ABA, syndicated loan facility, and securing mezzanine debt, a capital injection into Farleigh Limited, dividend reinvestment in HFC Bank shares and providing a loan facility to Fiji Airways.

Members are encouraged to check their updated balances starting Tuesday, July 1st via the MyFNPF App.