FNPF interest payment to members drops …. again!!

It’s confirmed!
FNPF members will get only 5% interest on their funds, a drop from last year’s 6% and 6.5% in the previous year.
The return to FNPF members is lower than Fiji’s going commercial term deposit rates.
Commercial banks in Fiji are offering interest rates between 5.25% and even higher for term deposits and it is expected to increase with Fiji’s liquidity getting tighter by the day.
So what does all that mean for FNPF members?
Ummm …. it means that the current militarized FNPF board and management are not doing a good job as custodians of FNPF members.
It means that FNPF members are getting poorer under the current FNPF board.
It means that FNPF members are not getting premium returns for their money invested in FNPF since interest rates higher than 5% is offered in the open financial market.
It means that FNPF members funds are being looted by the regime.
It means that FNPF investments are not attracting good returns.
It means FNPF is tanking!!!