FNPF says the Assistance was a relief product introduced during the COVID-19 pandemic period, targeting members aged 50-54 years with their plans for income generating activities. CEO Viliame Vodonaivalu says although the product had a low take-up rate, it had served its purpose amid unprecede...
He says it is clear that workers in the tourism-related sectors are the most affected and most of these workers have no means of income protection. Koroi says the Fund expects an average monthly contribution of about $23 million until the contribution rate of 18% is reinstated. He says thi...