FNPF surpasses $1 billion income mark, delivers highest interest rate in over 30 years
The Fiji National Provident Fund (FNPF) has recorded its strongest financial performance in history, generating more than $1 billion in investment income and enabling the declaration of an 8.75 percent credit interest rate, the highest credited to members in more than three decades.
FNPF says that according to the Fund’s 2025 Annual Report, tabled in Parliament on 28 November, FNPF’s total assets grew to $12.1 billion, marking a significant rise from the $10.6 billion recorded in 2024.
As a result of this performance, $711.7 million was credited to members’ accounts on 30 June 2025.
FNPF CEO Viliame Vodonaivalu says the results reflect disciplined investment decisions aligned with the Fund’s five-year strategic plan.
He says that generating over $1 billion in income is not just a financial achievement—it’s a reflection of their strategic intent to grow sustainably while protecting members’ retirement savings.
He shares that the Fund reported a net contribution of $444.1 million, with total contributions rising to $961.8 million, a 23.3% increase from last year.
Withdrawals totaled $517.7 million.
The CEO says that additional contributions increased to $98 million, up 21% from 2024, while voluntary contributions reached a record $31 million.
Vodonaivalu adds that despite the growth in contribution levels, the number of active members decreased slightly.
He shares that migration-related withdrawals climbed to $82 million, while death-related withdrawals hit a record $40 million, underscoring the need for early and sustained retirement planning.
He highlights that the Fund continued to strengthen its diversified portfolio spanning equities, bonds, commercial debt and property.
Vodonaivalu says that key developments included a landmark partnership with Google to develop an ICT facility at Natadola, positioning Fiji as an emerging regional technology hub.
He says that they also invested $138 million offshore, channelling funds into BSP-PNG, the S&P 500 ETF, the Martin Currie Real Income Fund, and the IFC Emerging Asia Fund.
In addition, Vodonaivalu adds that the Fund made strategic acquisitions and provided significant funding in the hospitality and infrastructure sectors.
He says the 2025 fiscal year was also marked by major service improvements.
He shares that they reduced the membership entry age to birth, rolled out the first phase of its new Customer Relationship Management system, and updated housing withdrawal policies to reflect rising home ownership costs.
He adds that engagement remained a central focus, with expanded retirement literacy programmes, local community outreach, and overseas engagement with members living in the UK and US.
The launch of the Vinaka Campaign celebrated members’ continued trust and contributions.
Vodonaivalu says the Fund’s priorities remain twofold delivering strong returns and supporting members when they need it most.
He adds that they have made meaningful progress on both these fronts and will continue striving for sustainable growth and excellence in service delivery.
FNPF will present the 2025 Annual Report at its Annual Member Forums scheduled for early 2026.