October 22, 2018
Fijian youths will be the target of the Fiji National Provident Fund (FNPF) retirement expo that starts this week in the Western Division then in the Northern Division next week.
According to general manager Member Services Alipate Waqairawai there is a misconception that retirement planning is only for the elderly, those who are nearing the retirement age.
However, the benefits of the expo are for youths who have just entered the workforce.
“One day they will retire and the best time to start retirement planning is now when they are young, fit and fine,” Mr Waqairawai said.
“The earlier that you start the better it is. Please do not let this golden opportunity pass you by.”
He said the purpose of the retirement expo was to inculcate into the next generation of Fijians that they must prepare for their retirement.
“This stakeholder collaboration by having this expo helps in the sense to spread this message across and get the people of Fiji,” Mr Waqairawai said.
“This expo is for you because the information that you get from there you can take and do something about it.
“This will help you so you do not have to go through the same mistakes that your parents, relatives, elders have done.
“Because when you start now and as 55 approaches you do not have to stress and worry because you have prepared yourself well beforehand.”
The expo is organised by the National Financial Inclusion Taskforce’s Financial Literacy Working Group, Reserve Bank of Fiji, FNPF and United Nations Pacific Financial Inclusion Programme.
The retirement expo, which was held in Suva in April this year, involved about 3000 members who took advantage of the event.
And an estimated $2.2 million was reportedly invested into retirement, savings and business schemes. Enquiries by members varied from capital market investment concerns, to queries about FNPF services, loans, land investment and agriculture businesses.
The Lautoka Expo will be held at Tappoo City from September 19-22, 2018 while the Labasa Expo will take place from September 26 to 28, 2018, at the Katonivere Grounds.
SOURCE: Fiji Sun