29.01.2015 - NZ Super Fund returns 13.89pct in 2014
The New Zealand Superannuation Fund returned 13.89 percent during 2014, ending the year worth $27.54 billion, but it's warning of lower returns in the future. The sovereign wealth fund was set up to help fund universal superannuation for future generations but the Government suspended annual capital contributions in July 2009 in order to pay down debt. The Guardians of the Fund calculate that if government contributions had continued as set out in the legislation the fund would now be worth $43.4b. As at December 31, 2014, capital contributions not made totalled around $11.68b. They are forecast to re-start in 2020/21...............................................Full Article: Source
Print