The Vanuatu National Provident Fund (VNPF) has launched a 4-year strategic plan to guide its day to day operations and drive changes last Friday.
VNPF is committed on strengthening its efforts to boost revenue.
A central part of the strategic plan is strengthening the fund and its employees by modernizing legislation and procedures.
The strategic plan of 2018 to 2022 focuses on improving productivity and management behavior, which means that the board, management and staff learns and understand modern ethics and professionalism.
As part of the strategic plan, VNPF has also announced its new cooperate uniforms and website upgrade.
The introduction of new uniforms after four years is an upgrade standard of organizational status. It signifies branding and staff loyalty.
The General Manager (GM) of VNPF, Parmod Achary, said upgrading the website is part of increasing transparency.
It is important for VNPF to inform people and its members what is happening to their fund, he said.
VNPF was established in 1987 under the VNPF Act. Now 30 years old, the fund has encountered a number crises which put itself in a negative spotlight.
GM Achary said: “These events and bad publicity have not deterred me and my team to work hard and set our road map for the future of our superannuation institution”.
A member of the VNPF Board witnessed the launching of the strategic plan and the Manager of VNPF’s statutory body- Member Financial Service Limited (MFSCL), Mosese Nakabea, who gave assurance of its continuous support.