THE Solomon Islands National Provident Fund is sustaining a reserve level that is below $400 million. SINPF Board Chairman, Mr Peter Boyers made the statement during the end of the 2016 financial year recently. He said the reserve level is below $400 million ($399,328,839) consisting of a general reserve of just over $329 million ($329,377,496) and a revaluation surplus of just under $70 million ($ 69,951,343). Mr Boyers said these represent 10 percent general reserves only and 13 percent total reserves of the total funds under their management. In the meantime, he said though in some jurisdictions where retirement funds
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