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The Fiji National Provident Fund Board has declared a five percent interest rate pay out for the financial year ending 30 June 2008, estimated at $114.3 million.
FNPF’s chief executive officer Aisake Taito said this amount will be credited to members’ accounts this weekend.
Taito said the rates reflect a positive return to members’ funds considering the current state of the international and local economy.
He said the FNPF board and management are committed to strengthening the Fund’s investment capacity through prudent management of members’ funds.
Meanwhile the FNPF board is now looking to appoint more members to the board as part of the Fund’s restructure.
The superannuation body has also deferred the auction date of Momi Bay to August 25.
