The Chairman of the Board of Heritage Park Hotel Limited, Mr Mel Togolo MBE, said “It is not my role to speak on behalf of Solomon Islands National Provident Fund, and I don’t purport to, but I am extremely disappointed that the good name and reputation of Heritage Park Hotel is being denigrated by negative press articles related to returns to SINPF.” Mr Togolo added “I was appointed to the Board by Nasfund of Papua New Guinea, who are the majority shareholder in Heritage Park Hotel.
News & Updates
You can access the latest Solomon Islands National Provident Fund news and media releases below.
The recent negative press coverage on NPF investments latest being titled above in SS issue number 6826 on Monday 12th February 2018 obliged us to reassure our contributing members that their funds worth more than $2.7 billion under our management as at 30 June 2017 are safe, growing and their values continued to be protected against inflation. These funds are invested in various assets in a number of markets worth more than $3.1 billion as at 30 June 2017.
Over the past 12 years to 30 June 2017 our members who had been with the Fund had enjoyed an average annual rate of return of 10.2% per annum on their contributions. After adjusting for inflation, their real average annual rate of return over the same period is a positive 3.4% per annum
The Solomon Island National Provident Fund Board has a number of outsourced services for General Maintenance Services on its commercial investment properties. To continue to maintain a high level of Service delivery, the Board seeks to engage companies and individuals with demonstrated experience to carry out these services.
The Minister for Finance and Treasury and Deputy Prime Minister Hon. Manasseh Sogavare made a courteousness visit to Solomon Islands National Provident Fund (SINPF) Headquarter on the morning of Wednesday 31st January 2018. The three hours visit was fruitful and educational for both the SINPF Board, Staff and for the Honourable Minister and his team too. There were a number of SINPF staff who never have the chance to shake hands with the former Prime Minister and have a one on one space to chat.
Speech by the Chairman of the SINPF Board Mr Peter James Boyers 30th June 2017, SINPF Boardroom on the Occasion of Announcing the Crediting Rate of Members Contributions
- Hon Snyder Rini, Minister of Finance and Treasury
- General Managers /CEO’s and CFO’s of SINPF Subsidiaries
- South Pacific Oil Limited
- Solomon Telekom Company Limited
- Solomon Housing Limited
- Heritage Park Hotel Limited, and
- Soltuna Limited
- Fellow Directors and Trustees of NPF Board
- Senior Management and Management of NPF
- Members of the Fund
- Employers, and
- Invited Media