Latest Updates

NPF sought external consultant with expertise in strategic and business planning

The Solomon Islands National Provident Fund Board is working towards a robust governance process that can aid to provide effective, efficient, optimum use of resources and value for money to accomplish the standard required customer service to members, employers and other stakeholders while at the same time explore avenues to minimize and mitigate potential risks to members’ savings with SINPF.

SINPF Board purchase a new 10-year $120 million bond

The SINPF Board is pleased to purchase a new 10-year $120 million bond from the Solomon Islands Government (SIG) current $300 million bond issue.
This is a new investment that will bring additional income of $6 million per annum on our members fund from the new bond coupon rate of 5% pa.

The financing of the new $120 million is supported by the sale of our recent $60 million SIG long term development bond to the Central Bank of Solomon Islands (CBSI). The sale was made possible in a secondary market established by the CBSI for long term government bonds.

SINPF BOARD LEASES TAVANIPUPU RESORT TO PRIVATE ISLANDS INVESTMENTS LTD

The SINPF Board has considered and accepted Private Island Investments Limited (PIIL) proposal to lease Tavanipupu Island resort for a period of 5 years with an option to renew for another period. PIIL’s successful bid is amongst other entities who had applied to either lease the resort or to manage the resort on behalf of the Fund.