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New Zealand Superannuation Fund

Overview:

The New Zealand Superannuation Fund (Fund) was created by an Act of Parliament on 11 October 2001. The Guardians of New Zealand Superannuation(Guardians) were announced on 26 August 2002, with the first Board meeting taking place on 9 September 2002.

Having developed a corporate and investment structure and strategy, the Board of the Guardians appointed a Chief Executive Officer in March 2003. A new Chief Executive Officer was appointed in February 2007.

The original asset allocation was announced in August 2003, and the following month the Fund began receiving contributions from the Crown. On 30 September 2003 the investment programme commenced with $2.4 billion in cash. As at 31 October 2009, the Fund's assets totalled $15.2 billion.

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