Suva, Fiji – June 4, 2024 – The Unit Trust of Fiji (UTOF) and the Housing Authority of Fiji (HA) are proud to announce their partnership through the Employee Investment Scheme (EIS). This collaboration allows HA employees to seamlessly invest with UTOF via salary deductions, promoting a culture of savings and investment among working Fijians.

“The EIS is Unit Trust of Fiji’s national investment initiative to support and empower working Fijians to save and invest for their future. The EIS is formalized through a Memorandum of Association (MOA) with the employer. The EIS has been incentivized to provide convenience, affordability and importantly to inculcate the culture of savings and investment among Fijians,” said UTOF Manager Business Development, Ritesh Prasad.

Currently, 127 entities have partnered with UTOF under the EIS, with the Housing Authority of Fiji being the landmark 100th partner.

Mr. Ritesh Singh, the Chief Executive Officer (CEO) of the Housing Authority, emphasized the importance of early financial planning, stating, “If we grasp the concept of saving and investing early in life, we will be well-prepared for our entire lifetime. It is never too late, start today.”

The recent awareness session held at the Housing Authority highlighted the importance of investment and the numerous benefits of staff investing with UTOF for a brighter future for our children and our children’s children and the cycle continues.

The key benefits of the EIS include no minimum opening balance (waived under the MOA), the ability for employees to start investing through direct salary deductions, access to the Income & Growth Fund and Income Fund, investment opportunities for employees and their immediate family members, including children, no transaction costs for employees and employers, continuous onsite training, awareness sessions, one-to-one discussions with licensed MIS representatives, and tax-free dividends and capital growth opportunities through UTOF’s best six-monthly returns.

The Housing Authority staff have shown immense interest in UTOF’s investment products and many have committed to signing up, paving the way for financial empowerment.

“Investment has become an essential component of life, as it is no longer a want but a need. UTOF provides the best investment products for Fijians, continuously empowering them through tailor-made investment plans. Investing with UTOF can assist employees in achieving financial security and wealth accumulation,” Mr Prasad said.

-Ends-

About Unit Trust of Fiji:

The Unit Trust of Fiji is committed to providing accessible, affordable, and effective investment opportunities to all Fijians, promoting a culture of financial literacy and security.

About the Housing Authority of Fiji:

The Housing Authority of Fiji is dedicated to providing affordable housing solutions and enhancing the quality of life for all Fijians through innovative and sustainable housing initiatives.

Contact Information

Housing Authority of Fiji                                                  Unit Trust of Fiji

Phone: 9993328                                                               Phone: 9985938

Email: reama.naco@housing.com.fj                           Email: ritesh@utof.com.fj

Website: www.housing.com.fj                                      Website : https://www.utof.com.fj/