The Fiji National Provident Fund (FNPF) collected $961.8millioin in member contributions during the 2025 financial year, a 23.3 per cent increase from $779.8 m recorded last year.
This growth was largely driven by higher income, growth in additional contributions from mandatory members, and a strong participation from voluntary contributors.
While the FNPF noted increasing trends in migration, and death and funeral withdrawals, it also reported notable growths in additional and voluntary contributions.
The Fund’s 2025 annual report stated withdrawals under migration had been trending higher than ever before, post-pandemic exceeding $82m this year.
It stated the trend reflected a growing number of members permanently relocating overseas, contributing to a 0.4 per cent decline in active contributors.
Full withdrawals under death grounds reached an all time of more than $40m.
The Fund stated it noted that an increasing number of members passed away before reaching the entitlement age of 55 years.
The payout for funeral assistance, it stated also grew with more than $7m disbursed this year, a reflection of the growing number of members accessing this benefit to support bereaved families.
“Encouragingly, members making additional voluntary top-ups continued to grow, totalling over $98m this year from $81m recorded last year,” the FNPF stated in its annual report.
“These are existing members choosing to contribute beyond the mandatory deduction levels to accelerate progress toward their retirement or pre-retirement goals and benefit from the Fund’s strong investment returns.”
Voluntary contributions from members in Fiji and abroad also reached its highest level ever at $31.2m compared to $27m last year.
The report noted that unpaid contributions also increased to $14.6m compared to $12.5m in the 2024 financial year; and the Fund said this would be part of its debt recovery measures.
The Fund said that growth reflected the Fund’s ongoing efforts to extend social protection coverage to Fijians in the informal sector and those residing or working overseas who wished to maintain their FNPF membership as part of their long-term retirement planning.
“Our statistics continue to highlight evolving member behaviours, reflecting not only economic and social realities across the nation but also shifting mindsets toward retirement savings.
“The evolving patterns of employment and shifting member needs have prompted the Fund to review its policies, enhance accessibility, and adapt its operational practices.
“Our growth and expansion form part of a broader strategic response to align with these changing behaviours and ensure continued relevance to our members.”
The Fund said it was focused on completing the final phase of its strategic plan, adding its target operating model (TOM) would guide how it aligned its operations with its long-term goals, ensuring it continued to deliver value through innovation, resilience and member-first thinking.
