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The Superannuation Fund was created by the New Zealand Superannuation and Retirement Act 2001 [5] on 11 October 2001 by Michael Cullen, who was then Minister of Finance under the Fifth Labour Government, and is colloquially known as the "Cullen Fund". [6] The sovereign fund posted a record 25.8% return in the twelve months till 30 June 2013. [7]
Te Ara Ahunga Ora Retirement Commission (formerly Commission for Financial Capability), is a Crown entity under the New Zealand Crown Entities Act 2004. [1] The Commission provides financial education and information to residents of New Zealand, advises government on retirement income policy, and monitors the effectiveness of the Retirement Villages Act 2003.
Anne-Maree O'Connor is a New Zealand investment banker. [1] She has been Head of Sustainable Investment for the New Zealand Superannuation Fund since 2006. [ 1 ] In 2017 she was ranked eighth among the world's most influential responsible investment specialists.
This was a member's bill in Bayly’s name, although it had been introduced by former New Zealand First MP Mark Patterson in the previous term of Parliament. [28] The bill changes the criteria for New Zealand superannuation so that older migrants, and New Zealanders who spent large portions of their lives overseas, must wait longer to qualify. [29]
[1] [12] National Superannuation was renamed New Zealand Superannuation in 1993. The age of eligibility became 61 in 1992, then gradually increased to 65 between 1993 and 2001. [12] [14] Those receiving New Zealand Superannuation can receive some subsidised goods and services through use of the SuperGold Card. [15]
New Zealand’s defence minister, Andrew Little, this year said that the country, which spends about 1% of its GDP on defence, would need to make big investments as it faces these challenges and ...
Notable for being the first ever New Zealand government to have three parties in cabinet. A further five National MPs would sit outside of Cabinet, along with two ACT MPs and one NZ First MP. [280] [281] In a first for New Zealand, the Deputy Prime Minister role will be split for the term, with Winston Peters holding the office until 31 May 2025.
The following is a list of governmental and public sector scandals in New Zealand.While New Zealand generally scores very well on international indices of corruption, there have been several notable high-profile scandals including cases of cover-ups relating to politics, economics, or public sector debacles, or to the private lives of individual government representatives.