Fiji National Provident Fund (FNPF) has converted to DST International’s (DSTi) HiPortfolio/3, the company’s global platform for fund accounting.
HiPortfolio/3 will provide ongoing automation improvements for the administration of FNPF main fund and the voluntary Share Investment Scheme (SIS), which is managed by the wholly owned FNPF subsidiary, FNPF Nominees.
“In 2002 we worked in partnership with DSTi to ensure that the investment we made in our technology infrastructure would stand us in good stead for the future. We chose one of the predecessor solutions to HiPortfolio/3 and it was successfully implemented. We have now converted to the latest platform technology from DSTi, HiPortfolio/3, to ensure that we maintain a level of internal business improvements, particularly in the area of performance reporting, ease of use, information security and electronic transaction inputs. We rate HiPortfolio as a proven solution,” outlined Mr Winston Chan, Chief Technology Officer of Fiji National Provident Fund.
The Fiji National Provident Fund was established in 1966 to provide financial security for workers when they retire at age 55. The FNPF also provides for permanent incapacity, and survivor’s benefit in the event of death.