Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Long-serving super fund chair to retire

Long-serving super fund chair to retire

Finance Minister Michael Cullen today announced that David Wale CBE would retire as chair of the National Provident Fund Board of Trustees on 31 March, this year.

“David has provided strong leadership and direction to the Board since his appointment in June 1991.

“Under his stewardship the 92 year old $2 billion fund has moved from being a government department to a modern financial institution and has achieved a significant reduction in overhead costs while greatly improving the services to its 60,000 members and pensioners.

“His experience and skills, and the rigour he brought to bear during this important process have been greatly valued,” Dr Cullen said.

Mr Wale was formerly Chairman of the New Zealand Stock Exchange and is currently Chairman of Jarden Morgan Investment Services and the Life Education Trust New Zealand.

He will be succeeded by Sue Sheldon who takes up her position on 1 April 2003.

Mrs Sheldon is the principal of accounting practice Sue Sheldon Advisory, Deputy Chair of Meridian Energy Limited and Christchurch International Airport Limited, a Director of Ngai Tahu Holdings Corporation Limited and a former President of the Institute of Chartered Accountants of New Zealand.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news