In its annual report released today the Super Fund, which was set up in 2003 to help fund the future cost of New Zealand Superannuation, has modelled how much it could lose if another financial
• Super fund could lose $20b if another GFC hit – Report • World’s richest man Jeff Bezos loses $14b in stock market plunge. Bond yields, which have spiked over the last week, slid after the
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Super fund could lose $20b if another GFC hit – Report, via @nzherald https: ‘Significant wintry storm’ forecast to hit the country later this week https://www. tvnz.co.nz/one-news/weath er/significant-wintry-storm-forecast-hit-country-later-week
In its annual report released today the Super Fund, which was set up in 2003 to help fund the future cost of New Zealand Superannuation, has modelled how much it could lose if another financial crisis were to hit. If the GFC was repeated it estimates the fund could lose $20.3 billion or over half (52.6 per cent) of its current $39.4 billion
NZ Super Fund @NZSuperFund The Fund’s purpose is to smooth the tax burden of the rising cost of NZ Superannuation, by investing money today to pay for pension entitlements in the future.
In its annual report released yesterday, the Super Fund, which was set up in 2003 to help fund the future cost of providing New Zealand Superannuation, has modelled how much it could lose if another financial crisis were to hit.
What the Super Fund could lose if another GFC hits, not that the CEO thinks it will.
A report commissioned by the Industry Super Network has found fund members are paying around $20.1 billion in fees each year, with $6.2 billion of that money going to fund managers.
Q I am 67, my husband is 69 and we are both self-funded retirees. We own our home and car and have no debts. We each have $500,000 in Local Government Super in a conservative fund.
The Super Fund’s annual report was issued on Thursday, with the running of this GFC scenario catching the eye. This was even though the Super Fund estimates the massive losses could be recouped within about 20 months.
The ASX goes up and up and down like a yo yo, so too do Super fund balances, that’s life folks. I like to watch and see what will happen, it’s funmaybe all super funds will go broke and members lose all, maybe the funds will grow and members earn.
However, for the government, there could be a real headache coming. If the tax take from the Super Fund falls, it could be a significant hit to their revenue stream. We all know what that might mean. The way they have been splashing money around everywhere, including the Pacific, they could run out of other people’s money to spend really fast.
See how another financial crisis could cause the NZ Super Fund to lose over 50% in value. And why we believe the fund guardians should have an exposure to physical gold as …