Close to 3,000 individuals walked through the FNPF Downtown Boulevard last week and
visited the Retirement Expo to get the right advice on how they can save more for retirement.

Chairman of the Retirement Expo Committee, FNPF’s General Manager Member Services
Alipate Waqairawai expressed his contentment with the outcome of the expo.

“The Expo certainly met its objectives and generated the much needed conversation that
needs to be created with regards to retirement”

“Many times we Fijians are very relaxed about our future but truth of the matter is, we need
to start planning for tomorrow, today,” Waqairawai said.

The Expo was rolled out by the Reserve Bank of Fiji, FNPF, the Pacific Financial Inclusion
Program, under the banner of the Financial Literacy Working Group, in an effort to educate
and create awareness on savings and retirement planning.

Statistics from FNPF last year, revealed that 73% of its members had a balance of $10,000 or
less. This further catapulted the urgent need for awareness.

The Expo enabled the public to seek advice on retirement planning, find out how to start a
business, obtain information on the various government grant schemes available and on
financial products such as insurance, investments and loans that could help supplement FNPF
savings.

“We were also fortunate to have critical government bodies such as the Agriculture Ministry,
Lands, iTaukei and Public Trustees also present giving advice on the role they play in not only
income but to safeguard their interest as an individual”, Waqairawai further stated.

BSP Life Manager Marketing Ms Janine Penjueli said that they did not have problems creating
awareness on their insurance product, as foot traffic was consistent.

Apenisa Kuruiwaca, 28, and wife Paulini Kuruiwaca, 30, were satisfied after receiving home loan
advice at the Retirement Expo by the ANZ Bank. The couple acknowledged ANZ Bank, saying
they would opt for a housing loan next year.

“We believe that everyone who visited our booths gained in some way and we thank them for
taking the time to visit the expo and for rightly investing their time in something worthwhile”,
Waqairawai said.

Considerations are also being made to extend the expo to the West and North. Necessary
announcements will be made soon.

The Expo committee acknowledges the following organisations for their participation: ANZ,
BSP Life, BSP Bank, BRED, Fiji Public Trustee Corporation, FDB, HFC Bank, iTaukei Affairs
Board, ITLTB, Kontiki Finance, Ministry of Agriculture, Ministry of Lands & Mineral Resources,
Ministry of iTaukei Affairs, NCSMED, SPBD, Unit Trust of Fiji, Westpac, Fijian Holdings Unit
Trust, Merchant Finance, South Pacific Stock Exchange and the Life Insurance Corporation of
India Fiji.

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