Someone must really be getting up their noses.
No discussion of risk return ratios in op-ed.
The Herald yesterday gave over a full page to an unpaid advertorial from a public servant. Of course, it wasn’t quite described that way, but that is what New Zealand Superannuation Fund chief executive Adrian Orr’s lengthy opinion piece amounted to. Perhaps we should just be grateful to the Herald that they didn’t charge the NZSF – and thus the taxpayer – for the advertising space.
It is a strange piece in many ways. It is unfortunately becoming more common to have public servants take to the media to defend political decisions. Public servants are there is advise and administer, but politicians are the ones who make the policy decisions and should be called to account for them. And that is quite clear in the NZSF case. Parliament set up the NZSF and associated provisions. Included in those provisions is the ability for the government of the day to (openly and transparently) contribute…
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