FNPF encourages members to update their nominations

The Fiji National Provident Fund is encouraging all their members to update their Memorandum of Administration and Nominations.

While speaking during the FNPF Annual Member Forum at the Nausori Village Community Hall, Fund General Manager Member Services Alipate Waqairawai says this is compulsory as it helps members to fund for their funeral expenses and determine who should receive the money upon the death of the member.

He says if the nominations are not done then the High Court determines on who should receive the money which normally takes time or is delayed.

When questioned on increasing the death withdrawal above $2,000 as it does not fully cater for the death expenses, Waqairawai says the death withdrawal is only to start the funeral or pay part of it.

He says the death withdrawal is not for full funeral expenses.

Waqairawai also says that prior to the age of 55, all members get a special death benefit of $8,500.