Matt Whineray, NZ Super Fund chief executive. Photo/Jason Oxenham.
Matt Whineray is chief executive of the New Zealand Superannuation Fund. He reflects on 2019 and offers a view on what the Government needs to fix in 2020.
How would you describe 2019 for your business?
Busy. We had 35 people join the NZ Super Fund, increasing capability across risk
management, technology and operations. We also received a new mandate from government to help develop New Zealand's venture capital market, provided a detailed rapid transit light rail proposal to get Auckland moving and the investment portfolio grew to more than $46 billion, meaning we're well placed to meet our objective of smoothing the future cost increases of providing universal superannuation.
What do you think 2020 will bring?
There is a Danish proverb that says, "It is difficult to make predictions, especially about the future". But we know there will be volatility - the market will go up and down, and not always in that order.
Going into an election year, what are the three biggest issues the Government needs to solve?
Infrastructure, housing supply and gender inequality in Class 4 Funding for sports – it's pervasive and persistent and is a great disservice to our sportswomen and girls (NB: Grant Robertson and Tracey Martin – let's do this).
What was your favourite corporate stoush of the year?
In the red corner, RBNZ. In the blue corner, the Aussie banks and their many shills and minions. The stakes, confidence in our banking system. Winner by TKO after 13 brutal rounds, the red corner. Time for everyone to move on and get outraged by something else.
