07.02.2013 - NZ Super Fund returns 'fail to justify debt cost'
The New Zealand Superannuation Fund has beaten the cost of debt by $346 million over nine years, according to a new analysis. That "modest achievement" was not enough to justify the risks run by the Government's Super Fund, according to an analysis by the Retirement Policy and Research Centre co-director Michael Littlewood. The research centre is based at Auckland University. In the past, Littlewood has said the now-$20 billion Super Fund should be carefully dismantled and superannuation payments returned to the original pay-as-you-go model...............................................Full Article: Source
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