Super Fund's investments in NZ drop
The New Zealand Superannuation Fund has reduced the portion of the fund invested in NZ, going against a ministerial directive.
The New Zealand Superannuation Fund has reduced the portion of the fund invested in NZ, going against a ministerial directive.
The terms will see NZ Super and ACC acquire 45 per cent of Kiwibank for a price provisionally put at $495 million.
A number of sources are tipping news soon that ACC will invest in the controversial water storage scheme. Will the NZ Super Fund also invest?
At 64, you might think Bruce Kerr would be fondly planning his own retirement.
One of the architects of the world's biggest sovereign wealth fund says pension plans face increasingly complex decisions over responsible investment, particularly in energy.
The New Zealand Superannuation Fund is actively seeking new domestic investment opportunities where it believes it has "hometown advantages".
The recent rally in Z shares convinced Infratil and the Super Fund that it was time to sell.
Infratil will book a profit of $392m on the sale of its remaining 20pc stake in Z Energy.
Almost two-thirds of New Zealanders nearing retirement have not yet worked out how much money they will need to keep afloat after retiring, a new survey has found.
The case relates to a $199 million loan the New Zealand national pension fund made, and has since written off.
The New Zealand Super Fund says it'll stick to a strong equities weighting following a five-year review.
Michael Cullen, the architect of KiwiSaver, wrote at the time of its launch in 2007 "that KiwiSaver would help us own more of our New Zealand businesses and that it would produce deeper capital....
New research from JP Morgan reveals which country has the best-performing sovereign wealth fund in the world.
Gareth Morgan looks at the morality and practicality of continuing the present system of superannuation.
The latest episode in our non-debate about superannuation has been like watching a car crash in slow motion, writes Bernard Hickey.
I have heard many stories of Australian businesses built out of fees and commissions paid by clients the advisers have never seen.
Making the move from being a working person to living, at best, in reduced circumstances, and at worst on NZ Super alone, is difficult.
The NZ Super Fund has lined up alongside vulture funds and an Indian steel billionaire in a bid to extract itself from a bad $200 million bet on a toxic Portuguese bank.
The Guardians of New Zealand Superannuation has suspended the Fund’s mandate with Milford Asset Management until an FMA investigation is completed.
The Portuguese bank that failed and lost the NZ Super Fund almost $200m breached Central Bank orders by "increasing exposure to its founding family's collapsing business".