English to amend Super Fund bill to maintain independence

Fri, 08 May 2015

By Paul McBeth May 8 (BusinessDesk) - Finance Minister Bill English plans to amend legislation that lets the New Zealand Superannuation Fund streamline its investment structure to prevent politicians from interfering with its management, dropping recommendations drafted in select committee. The New Zealand Superannuation and Retirement Income Amendment Bill passed its second reading yesterday, though English told the House he plans to introduce a supplementary order paper that would drop the need for ministerial approval over investment d...

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