Articles tagged Super Fund

Plans to restrict the pay of Crown entity chief executives could put New Zealand’s superannuation fund at risk of political interference, the board’s chairwoman has warned MPs.

The board of New Zealand’s superannuation fund has come out swinging against proposed government restrictions on chief executive pay, suggesting they may breach the body’s statutory independence.

A proposal to place tighter controls on the pay of crown entity chief executives will provide “more teeth” to keep any increases in line with the wider public sector, Prime Minister Jacinda Ardern says.