Unit Trust marks milestone, Evergreen International signs up
Unit Trust of Fiji has signed up its 60th employer under its employee investment scheme.
Evergreen International Fiji, trading as Wormald Fire and Security and Guardforce Fiji, is the new member of the scheme.
The scheme covers multi-sector industries which now gives direct access to 22 thousand Fijians in the workforce.
Evergreen International Fiji (EFI), general manager, Taito Rigamoto, said they were proud to partner with the Unit Trust of Fiji in providing sound investment advice and options to 1100 staff.
He said Evergreen International had a strong corporate social responsibility and money mindedness agenda to ensure its staff were empowered with the right decisions on savings and investing for the future.
Mr Rigamoto said Unit Trust of Fiji had a good range of affordable flexible services which could be tailored individually to suit, with competitive tax-free returns to benefit staff.
“We are excited to be entering into a memorandum of understanding with Unit Trust of Fiji – especially during the challenges experienced over the last two years, with COVID-19 highlighting the importance of financial independence as we move forward.”
UTOF will assist workers by guiding and matching individual investment goals with personalised investment plans.
Unit Trust of Fiji chief executive officer, Vilash Chand, said the move by Evergreen International Fiji was a testament of the company’s values in balancing work and personal investment.
Under the agreement, employees
will be investing without any associated transaction fees and charges, with the ultimate objective to optimise returns on investments, Mr Chand said.
Unit Trust of Fiji has an investment portfolio in excess $260 million, with a strong investor base of more than 24,000 investment accounts.
It is one of the major investment institutions in Fiji’s capital market, with a market share of more than 65 per cent.
“This is an incentive to empower working Fijians to save and invest,” Unit Trust of Fiji said.
“We have reached a milestone.” Unit Trust of Fiji’s investment scheme is voluntary, and is supported by employers.
“We have incentivised this initiative to encourage and inculcate the culture of savings and investment,” Unit Trust of Fiji said.
“This increase is an excellent testimony of perseverance and dedication to personal wealth management.”