| From Stuff.co.nz: Despite achieving a 15.45 per cent return for the 2009-10 year, the New Zealand Superannuation Fund has not increased the security of the country's superannuation and it should be dismantled, a retirement think-tank says.
The fund's performance and portfolio update released yesterday shows it sat at $15.63 billion at June 30 and its annual result this year is a big improvement on this time last year when it reported a 22.14 per cent loss in the midst of the global financial crisis..............................................Full Article: Source
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