The New Zealand Superannuation Fund CEO and future Governor of the Reserve Bank, Adrian Orr, is concerned enough about the rising cost of carbon emissions that he ordered the fund to sell $1 billion worth of carbon emitting assets. Thomas Coughlan reports.
Finance Minister Grant Robertson has accepted a recommendation from the Reserve Bank board that current New Zealand Superannuation Fund Chief Executive Adrian Orr become the next Governor of the Bank when acting Governor Grant Spencer retires at the end of March.
In today's email we have the latest on the coalition negotiations, look at the inflation figures, and review the SSC v Guardians of NZ Super Fund drama.
With just under 10 weeks to go before the election and signs of increasing divisions between Labour, Green and New Zealand First, it's worth looking at what policies a National-New Zealand Government might adopt.
New Zealanders born since 1985 have largely missed out on the explosive gains in wealth and higher incomes seen since then. Now they are being set up to pay for baby-boomers' retirement and health care costs without a substantial enough NZ Super Fund to help them, or enough affordable housing to build their own families. It's just not fair and little is being done to fix it, writes Bernard Hickey.
Good morning all.
Hello all on a big day for Kiwibank.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Friday.
For the convenience of email subscribers, here's my weekend column pointing to a shift in thinking by big global business and investors from 'Greed is good' to 'Green is good'
Labour updated its fiscal plan on Monday to adjust for the slightly lower revenue track forecast by Treasury in last week's Pre-election Fiscal Update (PREFU). Here are the 10 things of note: