Defenders of the NZSF

croaking cassandra

After the flurry of coverage a couple of weeks ago over the remuneration of Adrian Orr, chief executive of the New Zealand Superannuation Fund, debate seems to have turned towards the more substantive issues around the role of the Fund.   The chief executive has been out, in his usual feisty and rather opportunistic style, defending the Fund, advocating for it to be given more money to invest and so on.   One could reasonably question whether the latter in particular is the role of a public servant.  His job, surely, is to invest the money the government has chosen, under the terms of the legislation, to place with NZSF.    Wisely, in my view, no more money has been placed with Fund since 2009 (although even then I thought it was shame the government didn’t simply wind up the Fund).  But this is now an election campaign issue, with the Labour Party vocally…

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