The New Zealand Superannuation Fund is an investment fund that accumulates and invests Government contributions. It was created to partially provide for the future cost of New Zealand Superannuation. The New Zealand Superannuation pension plan is a taxpayer funded ‘pay-as-you-go’ retirement income system, where eligible residents over the age of 65 receive a pension irrespective of their income or assets.
By law the Fund is required to develop a policy on ethical investing. This includes ensuring that New Zealand’s reputation, as a responsible member of the world community, is not prejudiced in any way by the Fund’s activities. The policy states that the Fund will not invest in countries or companies that have breached widely adopted international sanctions regimes or agreements in relation to human rights, labour and employment, the environment, and arms trading.
