A Memorandum of Agreement was signed between the Fiji Police Force and Unit Trust of Fiji to promote a culture of saving with members of the institution.
The agreement is aimed at promoting personal investment initiatives and financial security for members of the Fiji Police Force.
The Acting Commissioner Rusiate Tudravu says it was great to formalize a legal agreement that would empower all members of the institution to save and invest for their future.
He says financial security is very important and he is grateful to see that what was initially discussed within a few minutes is now materializing for the wellbeing of their officers.
He adds as leaders they are empowering their officers to save for their future and to save for that rainy day with the focus also on their retirement because one day their job will be gone so they should save now.
Under the MOA, Unit Trust of Fiji will develop and implement an investment training module for the Fiji Police Academy.
They will also support, implement, coordinate and facilitate training and awareness regarding the scheme through a consultative process with each other.
Unit Trust of Fiji CEO Vilash Chand says all members of the Force will have the option to join and secure their financial welfare voluntarily and it can be extended to their loved ones and families and these are the best way to financially empower their children through investment.
He says there are no conditions attached to their investment as they can decide when to join and when to exit, and dividends are all tax-free.
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