Op-Ed published in NZ Herald - Adrian Orr: NZ Super - Debunking common myths
POSTED ON: 3 April 2017
Recent public comments illustrate that many people don't understand what the New Zealand Super Fund is and what it does, and the role of The Treasury.
In short, it is Treasury's role to manage all of the legislated processes of assessing the size of capital contributions to be invested, and when withdrawals are to be made, to meet some of the future rising costs of superannuation. It is the NZ Superannuation Fund's role to invest this capital - as an operationally independent, for profit, organisation. The Guardians of New Zealand Superannuation ensures these investments are being made consistent with the relevant law.