FNPF introduces ‘Transfer of Savings on Entitlement’ product

FNPF introduces ‘Transfer of Savings on Entitlement’ product

By Mansi Chand
Thursday 02/01/2025

The Fiji National Provident Fund has introduced the new ‘Transfer of Savings on Entitlement’ product, which is a new member offering.

The FNPF in a statement says the product which targets members reaching entitlement events such as retirement, offers an alternative approach to the conventional contribution based system, allowing members to transfer a portion of their savings to a loved one’s FNPF account.

They say this innovative feature is designed to enhance members’ financial flexibility by enabling them to transfer a portion of their entitlement payouts or benefits to other FNPF members, including nominated beneficiaries.

Chief Executive Officer Viliame Vodonaivalu says the product is made possible by recent amendments to the FNPF Act 2011, allowing members to delegate a whole or part of their entitlement payouts under certain conditions.

Vodonaivalu says this aligns with FNPF’s broader goals of adapting to the changing needs of its members, as it seeks to offer tailored financial products that address a range of circumstances that can affect members.

FEATURE NEWS
Singapore 7s: Fiji to play Kenya at 11.41 tonight in cup final
The Fiji Airways Men’s National 7s side will meet Kenya in the HSBC Singapore 7s cup final at 11.41 tonight. This is after they outplayed Argenti...
5 hours ago
LATEST NEWS
Embrace the teachings of the Ramayan - Prem Adarsh Ramayan Mandali
We should embrace the teachings of Lord Ram and the Ramayan that will benefit our lives. Preacher of Laqere Prem Adarsh Ramayan Mandali, Ishwar ...
6 hours ago

Quick action by NFA saves lives as fire breaks out in Nabua restaurant
A fire broke out at the Aosen Restaurant in Nabua this afternoon, however, quick action by the National Fire Authority saved lives. The owner of ...
7 hours ago

Argentina crowned World SVNS Series league winners after qualifying for semi finals in Singapore
Argentina have made history yet again after being crowned the 2024/2025 HSBC World SVNS Series league champions following their HSBC Singapore 7s ...
11 hours ago

PC Laliqavoka earns promotion to Corporal in recognition of dedication to duty
Police Constable Kaminieli Laliqavoka has been proudly promoted to the rank of Corporal by Police Commissioner Rusiate Tudravu, in recognition of his ...
11 hours ago

Kadavu Students Association at FNU and USP leads educational tour to empower island youth
The Kadavu Students Association, comprising students from both the University of the South Pacific and Fiji National University, has undertaken ...
11 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Swire Shipping Fijian Drua Coach, Glen Jackson appear on fijivillage Straight Talk With Vijay Narayan
Swire Shipping Fijian Drua Coach, Glen Jackson appeared on fijivillage Straight Talk With Vijay Narayan from the Drua base in Nadi. Coming off ...
3 days ago

Reverend Tugi on fijivillage Straight Talk With Vijay Narayan
Watch the General Secretary of Fiji Evangelical Fellowship, Reverend Simione Tugi on fijivillage Straight Talk With Vijay ...
39 days ago

fijivillage Straight Talk with Vijay Narayan and William Parkinson
Chairman of Communications Fiji Limited, parent company of FM96, LegendFM, VitiFM, Navtarang, Radio Sargam, fijivillage and PNGFM, William Parkinson ...
39 days ago

TOP