The country’s economy bounced back due to the hosting of the 2023 Pacific Games and major international and regional events plus sound economic management.
As a result it leads to positive returns for Solomon Islands National Provident (SINPF).
This was highlighted the Minister of Finance and Treasury Trevour Manemahaga at the official announcement of the 2025 Credit Rating to all members’ contribution on Tuesday in Honiara.
“The recovery of the country’s economy was spearheaded by the hosting of the 2023 Pacific Games and the hosting of major international and regional events along with sound economic management.”
He added, this has also enabled the government to build a strong foundation for continued future and sustainable economic growth.
“From the SINPF CEO’s financial overview of the Fund’s financial performance for the financial year ended 30 June 2025, I noted that key parts of the Fund’s investment portfolio has performed strongly despite external market and industry volatility.
“I also noted the business fundamental of SINPF assets are strong and firm and has contributed strongly to an award I will shortly be declaring.”
On Tuesday 30th September a crediting rate of 8% for all SINPG members for the financial year ending 30 June 2025 was declared.
A total interest of $274,908,240 was credited to all members’ accounts as of 30 September 2025.
As part of the Fund’s annual announcement the Minister also announced a special death benefit (SDB) of $10,000. This is an increase of $1,500 on 2024 amount of $8,500.
He also took the time to thank the Board, management, and staff of the Fund for looking after and managing the members’ fund prudently.
“I can understand as Fund Managers you have a great responsibility to keep our members’ funds safe and grow for their retirement and old age.
“May the Fund continue to grow from strength to strength and may its members continue to benefit from their fund for years to come.”
