121 people who are 6 to 18 years old now have Fiji National Provident Fund accounts which is part of the Minor Voluntary Scheme.
This was highlighted by the Chief Executive Officer of FNPF Jaoji Koroi who says that this will allow Fijians who are excluded from the compulsory savings scheme to also save for retirement.
Koroi says the Minor Voluntary product was launched on 4th February where children can start saving even before they work.
He says having this amount of members in their Minor Voluntary with just less than a month is a good sign.
FNPF General Manager Member Services, Alipate Waqairawai says that the purpose behind this initiative is to inculcate the culture of savings so that members can retire with more than $10,000 in their FNPF accounts.
