Samoa National Provident Fund

////Samoa National Provident Fund
Samoa National Provident Fund2020-05-15T11:16:40+13:00

Board of Directors

  • CEO Ministry of Finance (Chairperson)
  • Norman Wetzell
  • Seulupe Michelle Macdonald
  • Lealiiee Mapusua Rudi Ott
  • Rev Afereti Sunita Uili
Samoa National Provident Fund Logo
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Date of Establishment: 1972
CEO: Pauli Prince Suhren

Vision and Mission

Vision:  Providing for a secured and quality living

Mission : 

  1. To extend coverage to all workers
  2. To provide efficient and effective services through best practices
  3. To maximize benefits to members

Overall Objectives

  • Executive Department
    To administer the Fund to improve membership cover to 90% of all workers in Samoa through enforcement of legislation and to provide services through best practices.
    To lead in initiatives to grow the Fund and members’ contribution and balances through strengthening its financial position to generate 10% or more interest annually to members.
  • Members Services Department
    To increase membership to 90% of the work force, enforce the collection of contributions promptly and to provide quality service to all members.
  • Investment Department
    To manage the investment portfolio to achieve a long term average return of 10% or more
  • Legal Department
    To facilitate, secure and enhance SNPF services with the law
  • Finance Department
    To provide Finance Reporting on the administration of funds for effective decision
  • Information Communications Technology Department
    To use latest technology to improve services to members
  • Senior Citizen Benefit Fund
    To administer the Senior Citizens benefit fund effectively and efficiently
  • Internal Audit
    To ensure that appropriate, sound and effective internal control systems, risks management and governance systems are in place for safeguarding on the Fund.

Financial Highlights

KPIs 201620172018
Revenue (SAT m)43,804,283
48,653,281
53,857,178
Expenditure (SAT m)10,938,148
9,891,034
8,585,197
Net Profit After Tax (SAT m)32,866,135
38,762,247
45,271,981
Total Assets (SAT m)581,448,813
629,769,983
699,203,272
Total Liabilities (SAT m)3,002,586
5,237,769
2,874,836
Current Ratio40.84
49.96
90.04
ROE6%
6%
7%

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