The Standing Committee on Social Affairs has highlighted strong financial performance by the Fiji National Provident Fund (FNPF) while raising concerns over investment constraints and member-related issues in its review of the 2025 Annual Report.
The report, tabled in Parliament, noted that FNPF achieved a major milestone in revenue collection, reaching $1.1 billion as at June 30, 2025, up from $909 million in 2024.
The Committee also recorded growth in dividend income from key investments, including BSP, ATH, HFC, hotels and offshore portfolios, increasing from $144.8 million in 2024 to $190.3 million in 2025.
Despite rising demand and inflation, FNPF maintained operational expenses at $63 million, reflecting what the Committee described as disciplined cost management.
However, concerns were raised over offshore investment limitations. While the Fund’s offshore portfolio grew to $1.1 billion, only $100 million in transfers were approved by the Reserve Bank of Fiji.
The Committee also noted longstanding delays in reviewing the FNPF Act, which began in 2011, and issues affecting members under suspense accounts who are not receiving full benefits.
It further highlighted progress on the Westin Hotel development in Denarau, with completion of phases two and four expected by April 2026.
Among its recommendations, the Committee urged FNPF to expand investment opportunities, fast-track legislative review, strengthen engagement with overseas employers, and improve member services, including awareness and training programs.
The Committee emphasised the need to safeguard member returns while modernising operations and addressing emerging challenges.
