Banaban Voice

News and information service for Banaban Network Worldwide!

Action needed to save Fiji super Fund

ABC RADIO AUSTRALIA Updated May 18, 2010 17:05:32

One of Fiji's leading economists says urgent action is needed to save Fiji's only superannuation fund from future losses. Earlier this month, the Fiji National Provident Fund announced a 327 million Fiji dollar write down in its investment value. All workers in Fiji are required to contribute to the Fund and, as a result each one of them has more lost 9% of their retirement savings.

Professor Wadan Narsey from the University of the South Pacific says a web of links between the government, the provident fund and other major institutions is reducing the fund's ability to make a fair return on people's investments. His detailed analysis of the FNPF's position is published on the Auckland University of Technology website. Despite the enormous size of the loss , Professor Narsey says there are more losses to come. He told Jemima Garrett the losses on the Natadola Hotel have not been fully stated.

Presenter: Jemima Garrett
Speaker: Professor Wadan Narsey, from the University of the South Pacific

Views: 26

Comment

You need to be a member of Banaban Voice to add comments!

Join Banaban Voice

Forum

Homecoming to Banaba

Started by Christina Maree Buchanan in Banaban Issues Jun 27. 0 Replies

Slides of Banaba from the 1960's

Started by Dominic Kaukas in Banaban Issues. Last reply by Stacey King Jun 13. 1 Reply

Ken

Started by Brian Lundy in Banaban Issues May 31, 2018. 0 Replies

Events

HELP RABI WOMEN IN FIJI

Help Rabi Women's Organisation in Fiji by purchasing RABI HANDMADE VIRGIN COCONUT OIL locally in Suva, Fiji

Contact

Terikano

for more details

Badge

Loading…

Radio Links

Bwanan Rabi Radio

(10pm Fiji Time 1&2nd Monday each month)

Live Broadcast

© 2019   Created by Stacey King.   Powered by

Badges  |  Report an Issue  |  Terms of Service