Articles tagged with Super Fund
Government to Boost NZ Superannuation Fund Contributions to $3.1 Billion by 2030
3 hours ago | 25 viewsThe New Zealand Government plans to contribute $3.1 billion to the Superannuation Fund over the next four years, an increase of $2.2 billion due to updated population and inflation forecasts. The Guardians of New Zealand Superannuation have lowered their expected long-term returns from 7.8% to 7.2%, reflecting anticipated weaker global equity market performance. Contributions will continue until 2054, with superannuation costs projected to rise from $24.7 billion to $31.2 billion by 2029/30 as the population ages.
Tags: New Zealand Superannuation Fund Nicola Willis Government contributions Super Fund Guardians of New Zealand Superannuation Treasury Budget forecasts inflation forecasts population projections Finance MinisterJohn Williamson Reappointed Chair of NZ Superannuation Guardians Board
2 months ago | 530 viewsJohn Williamson has been reappointed as Chair of the Guardians of New Zealand Superannuation Board for two more years starting October 1, reflecting his strong leadership and extensive experience. The Board manages government investments in the NZ Super Fund and the Elevate NZ Venture Capital Fund, with five of seven members currently in their first term. This reappointment aims to ensure stability, continuity, and robust investment performance to grow New Zealand’s sovereign wealth funds for future generations.
Tags: John Williamson Nicola Willis Guardians of New Zealand Superannuation Board NZ Super Fund Elevate NZ Venture Capital Fund Hellaby Holdings Ltd New Zealand government sovereign wealth funds private equity Māori resource lawGuardians of NZ Superannuation Appoint Two New Members to Nominating Committee
2 months ago | 454 viewsTwo experienced corporate leaders, Tim Mitchell and Juliet Tainui-Hernandez, have been appointed to the nominating committee for the Guardians of New Zealand Superannuation, alongside the reappointment of Chair Michelle Tsui and member Mark Butcher. The committee is responsible for identifying and recommending qualified candidates for the Guardians Board, which oversees the NZ Super Fund and Elevate NZ Venture Capital Fund. Mitchell and Tainui-Hernandez bring extensive expertise in governance, recruitment, risk management, and global investment, with their terms starting on March 1, while Tsui and Butcher have served since 2018.
Tags: Nicola Willis Tim Mitchell Michelle Tsui Mark Butcher Guardians of New Zealand Superannuation NZ Super Fund Elevate NZ Venture Capital Fund nominating committee Finance Minister