There is good news for the Fiji National Provident Fund members.
Members balances will be boosted by the 6 point 35 percent annual interest.
This was announced this afternoon by the FNPF Board for the financial year ending 30 June, 2018.
About 289 million dollars will be credited to members’ accounts on Saturday night and members should wake up to new balances on Sunday morning.
Last year, FNPF also declared a 6 point 35 percent interest that resulted in 270 million dollars being credited to members’ accounts.
FNPF’s Chief Executive Jaoji Koroi said that the interest has been declared after providing for the Fund’s solvency and has been signed off by the Fund Actuary in compliance with FNPF Regulations.
A new interest system has been in place since 1st of November 2014.
Members can view their balances through the FNPF online services such as the MyFNPF mobile app and the MyFund SMS service.
The Fund will also distribute updated member statements through their Employers soon.