$50 million in expenses for Fiji’s pension fund in 2018

The Fiji National Provident Fund (FNPF), Fiji’s sole national pension fund may have been churning out multi-million-dollar profits over the years but running its nation-wide operation has also been a costly business.  in what is believed to be its highest bill ever, the fund revealed its total expenses topped over F$50million (US$23million) in 2018 alone, the bulk of which was spent on ‘general administration expenses’.  This was a marked increase from the F$39.47 million it incurred in total expenses in 2017, according to its 2018 annual report.

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