NZ Super Fund
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30
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Search complete. 30 mentions across 13 episodes found for "NZ Super Fund".
Sep 22, 2026
Ryan BridgeHOST
And it is worth a celebration this morning.
Ryan BridgeHOST
For the year to June, the New Zealand Super Fund, also known as the Cullen Fund, it was started by Sir Michael Cullen, hit $94.4 billion.
Ryan BridgeHOST
That's an increase of almost $10 billion in the year to June.
Ryan BridgeHOST
Now, the return on investment was up over 14% for that year.
Kathryn RyanHOST
But Chartered Accountants Australia and New Zealand are suggesting allowing people to make choices about what age they start to get super.
Kathryn RyanHOST
Modeling done on their behalf suggests such a change could actually improve the scheme's affordability and preserve its universality.
Kathryn RyanHOST
Superannuation currently costs the country over twenty-six billion dollars each year, and Treasury has forecast that this cost will increase to nearly seventy-three billion dollars by twenty forty-eight.
Kathryn RyanHOST
Of course, there is the Super Fund to try and help that increase, uh, but we'll delve into the numbers on how much pressure on the government's books Super is set to, uh, require.
Kathryn RyanHOST
Peter Vile is the New Zealand head of Chartered Accountants Australia and New Zealand.
Kathryn RyanHOST
Morning, Peter.
Kathryn RyanHOST
Kia ora.
Peter VileGUEST
Mōrena, Kathryn.
Ryan BridgeHOST
And it is worth the celebration this morning.
Ryan BridgeHOST
For the year to June, the New Zealand Super Fund, also known as the Cullen Fund, it was started by Sir Michael Cullen, hit $94.4 billion.
Ryan BridgeHOST
That's an increase of almost $10 billion in the year to June.
Ryan BridgeHOST
Now, the return on investment was up over 14% for that year.
GuyHOST
More on the way, but first… The world's best-performing sovereign wealth fund delivered a respectable return, but it thinks investors should start expecting less from stocks.
GuyHOST
New Zealand's Superfund has already managed a 14.2% return in the year to June, although that performance was less blockbuster than it could have been.
GuyHOST
Lower US tech stock holdings meant the fund missed out on some of the AI-fuelled rally, leaving it slightly behind its passive benchmark, which holds 80% stocks, 20% bonds.
GuyHOST
The super fund has an incredible track record, so when it plays it safe, folks pay attention.
GuyHOST
Over the past couple of years, US stocks have delivered roughly twice their typical annual returns, a pace that's hard to sustain.
GuyHOST
When markets are this hot, the temptation is to think that they'll stay that way, and that can be dangerous.
GuyHOST
So the Superfund's caution could be worth heeding.
GuyHOST
If your retirement math assumes double-digit annual returns, your plan might need a revisit.
speaker_0HOST
Wow, it's nearly up near $100 billion.
speaker_1CORRESPONDENT
Yeah, it just chugs along, doesn't it? The New Zealand Superannuation Fund grew by $9.3 billion in the year to June.
speaker_1CORRESPONDENT
That is a 14.2% return before tax, thanks to strong global equity markets.
speaker_1CORRESPONDENT
But it is now, this is interesting, it's now positioning itself for tougher equity markets ahead.
Barbara EdmondsGUEST
Yeah, absolutely.
Barbara EdmondsGUEST
And if you recall when KiwiSaver was brought in, the Superfund was also brought in.
Barbara EdmondsGUEST
And it was around that sort of dual ability for the government and individuals to be able to save for those retirement costs that are coming down the track.
Barbara EdmondsGUEST
I do believe that it's been 21 years.
Barbara EdmondsGUEST
Yeah, absolutely.
Barbara EdmondsGUEST
And if you recall when KiwiSaver was brought in, the Superfund was also brought in.
Barbara EdmondsGUEST
And it was around that sort of dual ability for the government and individuals to be able to save for those retirement costs that are coming down the track.
Barbara EdmondsGUEST
I do believe that it's been 21 years.
Stuart DaveySOUNDBITE_SPEAKER
[laughs]
Tessa BruntonCORRESPONDENT
Sam Woodford manages the cattle farm that's owned by the New Zealand Super Fund.
Sam WoodfordSOUNDBITE_SPEAKER
It was a bit of an eye-opener with the amount of machinery that come in on the, in the start, but we work pretty well together and, uh, you look at the place now, it's certainly added a lot of value.
Tessa BruntonCORRESPONDENT
He says there are benefits to adding turbines to the farm.
Sam StubbsGUEST
But that wasn't an option that they chose not to take.
Sam StubbsGUEST
In fact, they chose a sort of a both really, NZ Super Fund and KiwiSaver a long time ago.
Sam StubbsGUEST
I guess the advantage of having your own KiwiSaver is it is your own money, right? And there's a whole lot of people who've used it for hardship claims, buying their first home.
Sam StubbsGUEST
So there's nothing quite like having your own pool of money.
Ryan BridgeHOST
the super age is a niching one, isn't it? Andrew Bailey on his way out last week said, hang on, just before I go, hold my drink, because he had a few, didn't he? He said, hold my drink.
Ryan BridgeHOST
Under a scenario that he was proposing, eligibility for NZ Super would go up from 65 years in one month instalments starting in 2029.
Ryan BridgeHOST
So 68 years and one month by 2065.
Ryan BridgeHOST
This is from a paper he was quoting.
3 more episodes mention NZ Super Fund.
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