The Fiji National Provident Fund (FNPF) is a defined contribution fund that provides superannuation services to its members. With the Vision Securing Your Future, the FNPF strives to understand its customers, offer quality services and ensure sustainable returns for a meaningful retirement. The membership base of the FNPF is 417, 886 which accounts for 47% of the population of Fiji.

Fiji National Provident Fund’s (FNPF) engagement with International Finance Corporation (IFC) has helped the Fund to move into previously unexplored Investment Territories. This has helped the Fund in diversifying its investments and upskilling our staff. Co-Investments with IFC has resulted in reduction of Investment Risks through their expertise and risk sharing through both equity and debt funding. IFC’s involvement in Fiji and the setup of a local office has boosted FNPF’s investment confidence in the Global Market.

The Fiji National Provident Fund (FNPF) is mandated by law to collect compulsory contributions from the employers for the retirement savings of all workers in Fiji. The employer pays 18% of which 8% is deducted from the employee’s salary. Employers are required to submit the contribution details on a monthly basis to the FNPF. Prior to 2016, these monthly contribution schedules (CS) were physically submitted and posted to member accounts manually. This process posed a number of challenges for the Fund.

Section B.3 of the ISSA Guidelines on Good Governance states that "The International Professional Practices Framework (IPPF) of the Institute of Internal Auditors is the conceptual framework that organizes and provides authoritative guidance to internal audit professionals, including those in the field of social security."

The ISSA Good Governance Guideline 56 also requires that there is a periodic assessment of the internal audit unit.

The staff secondment/attachment programme is an integral part of the good practice employed by the Group Internal Audit Department (GIA) to ensure knowledge and principles from these attachments are adopted with modifications to suit our business requirements.

The secondment of GIA staff to the Finance Department indicated GIA's maturity and its ability to assist critical business operations of the institution. Details of the attachment programmes are as follows: