21 NOVEMBER 2018
The security of New Zealanders’ pensions is at put at risk if Economic Development Minister David Parker opens up the Super Fund to political interference, says the New Zealand Taxpayers’ Union.
Taxpayers’ Union spokesman Louis Houlbrooke says, “For seventeen years, the Super Fund has been managed independently from the politicians, invested with the sole purpose of maximising returns for the Kiwi taxpayer. This independence has served the Fund well, and increased the security of our pensions.”
“The news that David Parker wants to fiddle with the Fund to skew investment towards particular types of companies should send a shiver down the spines of taxpayers.”
“If David Parker was some kind of investment guru, he’d be making millions in the private sector, not pursuing a career in politics. In fact, his investment decisions are guaranteed to be distorted by political motivations. This conflict of interest puts the security of our pensions at risk. The politicians need to stick to their core responsibilities and keep their grubby mitts off our Super!”