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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

English defends Super Fund payment suspension

Posted on 01 June 2009

From Guide2.co.nz: A Treasury official has described the Government’s decision to postpone payments to the New Zealand Superannuation Fund as a fraud which would cost $8 billion.

Finance Minister Bill English announced the decision as part of Thursday’s budget designed to face the ongoing recession…….Full Article: Source


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