As did the Attorney General when he used the FNFP premise that the average age at death of Fiji Pensioners would be 78 to justify introducing Decree 51 to breach pensioners existing contracts and prevent them appealing to the Courts for justice.

The man, if one can call him that, has no shame, just self aggrandisement. 

BSP Life has collated data from a number of organisations which reveals that only 8% of Fiji’s population is aged beyond 60 years.

This is based on the Fiji Bureau of Statistics census report in 2007 which also states that only 17% of the population is aged beyond 50 years.

Only 3% of the population is over 70 years.

BSP Life has also revealed that according to a UN study on Fiji in relation to insurance in 2010, it has been found that people are using insurance as the last resort to cope with risks.

The study further highlights that premature deaths and sickness has a major impact on people’s savings.

BSP Life has also incorporated the Ministry of Health statistics on the impact of non-communicable diseases where it has been highlighted that people who are in their prime and are in senior positions with good salaries are dying when they should be most productive.

Heart disease, diabetes and stroke are the three biggest killer diseases in Fiji.

FNPF increases its Term Annuity retirement product rates

The Fiji National Provident Fund says it has reviewed and increased its Term Annuity retirement product rates that will benefit retirees who intend to purchase the retirement pension product. 

The new term annuity rates were determined based on recent Reserve Bank of Fiji yield curve report, offering an improved rates reflected by the current market. 

The Term Annuity retirement product is designed to offer alternative retirement product option to meet the needs of retiring FNPF members. 

Members who purchase the product, is free to opt for a 5, 10 and 15 year pension term and is to receive a monthly pension payment  with interest that reflects the current market and the Fund’s investment return for the term of the annuity. 

The newly approved term annuity rates are;

5 year term –   21.50 per cent

10 year term – 12.10 per cent

15 year term – 9.20 per cent

FNPF’s Assistant General Manager PRIME services, Tevita  Nagataleka says the review ensures that retirees who purchase Term Annuity retirement product are fairly charged for the guaranteed pension payments they are purchasing. 

The product makes regular monthly payment to the person who purchases the product, for a fixed term of either 5, 10 or 15 years.  

Should the person die before the end of the fixed term, payments will continue to be made to the person nominated until the end of the term.

The nominee can apply to have the remaining instalments exchanged for a lump sum at a rate set by the Fund.

This man in his capacity as Minister of Finance for our nation is currently chasing around the financial centres of the world in a desperate attempt to borrow money to bail us out of the difficulties his inexperience, conceit and Pie in The Sky Budget got us into.

He and his team also omitted to take into consideration the risk of the US$ appreciating in value and our own dollar depreciating, which they did.

He wears far too many hats even for a man with his self-importance.

His errors of judgment will cost our children and grandchildren dearly.

Regardless of his level of success in obtaining bailout funds, it is now time for our Prime Minister to take action and severely curtail this man’s authority.

By Greg Mumm

In the lead up to the last World Cup, somewhere in the walls of Oxford University, an Australian was writing a thesis on Fijian rugby – what he coined ‘The Rugby Dream’.

Dan Guinness played for the Brumbies himself and having been infected by the excitement and purity of island rugby, spent 6 months in Fiji, living and breathing rugby with these proud athletes, this proud rugby nation.

What he and other writers talk about mirrors my experiences, as I was lucky enough to coach them in 2007 and 2010/11. They are stories of extreme sacrifice, spirituality and amazing song.

Now many will say that these attributes exist in many of the teams going to the World Cup and I am sure they do to some degree, but it is only when you understand the deep relationship between these characteristics, the athletes and Fiji’s people that you get a true understanding of how powerful it can be.

If Fiji gets this right, along with the talent they have on the park – it will be a significant factor in their ability to challenge the top three developed nations in their pool.

On the field they will bring what they have always bought – physical forwards who carry like backs, blistering speed and agility out wide with an attitude to attack from anywhere. For mine, Leone Nakarawa will be the standout loose lock in the tournament and rival the great running game of Ifereimi Rawanqa. Also, given enough opportunity, there is every chance that Verenki Goneva will be close to one of the best backs.

This is an advantage that they have always had, but there ability to bring it in to the game has varied. What sets this side apart from their team at the last World Cup is its experience in key positions – the front row, the backrow and the halves.

Vice captain and hooker Sunia Koto is playing in his third World Cup and will bring stability to the scrum and lineout leadership. This along with Netani Talei and Akapusi Qera in the backrow will ensure Fiji is at least competitive at both set piece and breakdown.

In the backs, the halves include a vastly matured Josh Matavesi and the Bath bound Nikola Matawalu with good depth behind them. This offers a great benefit in terms of both running threats and distribution that could unleash their outside backs, a thought that scares even the best defences.

However, other teams have world-class players, and coaches will have ways of nullifying these threats or pushing their pressure points, so what is the elusive energy of Fiji that seems to captivate audiences and make oppositions pay attention?

Simply put, it is the Heart.

I say this deliberately, because it is not ‘their hearts’, the hearts of the individual players, but the shared heart of the every Fijian who has been part of this dream.

The Rugby Dream that Dan Guinness spoke of is a story of sacrifice that involves not just the individual or that person’s family, it is the sacrifice of a village, a community, a country.

Nemani Nadolo tweeted last week of the joy and pride he felt as a young Fijian reached out on their departure and gave him two dollars, ‘to help your pocket money for the World Cup’.

This is how the Rugby Dream works, whether you’re a player like Nemani, a village team or an individual abroad, the community holds them up physically, mentally and financially, their warriors to represent them throughout the world.

For this support, many of the talented athletes make huge sacrifices. They live and study abroad, play their sport in all corners of the globe for an opportunity, and when they can, they send money back to those who helped them.

When they reach the professional leagues in France or England, many take large pay cuts to return home and represent their country – their sacrifice met by those who welcome them home with gifts of food from the village, the church or community. On all fronts the sacrifice is shared for the individual and for Fiji.

This generosity is born of and extends to the spirit. Religious faith is a strong unifying factor within the teams and sermons about David v Goliath are commonplace. Beneath this lies also a deep connection to the ‘Vanua’ – the land, people and custom.

When combined, the communal sacrifice and the powerful synergies of religious and cultural spirituality provide an inspiration that is difficult to match.

On top of these is the glue that binds them together, so often heard in change rooms and fields around the world, their amazing song. These teams within the team sing perfect harmonies that ripple goose bumps down the arms of anyone lucky enough to be in ears distance.

And so it is, when Fiji faces these giants in the pool of death, that sacrifice, spirit and song will unify them, their secret weapon against uncertainty. Their faith, that regardless of the opposition, they can win. Regardless of the scoreboard, they can fight back and regardless of the obstacle, together united, Fiji can achieve anything.

And so despite the skill or the budget of their opponents, the biggest threat to Pool A sits just millimetres beneath the palm tree crest on the players jerseys.

There beats the heart of a nation, pounding in rhythm, united by The Rugby Dream.

Greg Mumm is a former assistant coach of Fiji and the Waratahs.