What does NZ Super Fund do?

The NZ Super Fund invests money, on behalf of the New Zealand Government, to help pay for the increased cost of universal pension entitlements in the future. By doing this the Fund adds to Crown wealth, improves the ability of future Governments to pay for universal pensions, and ultimately reduces the tax burden on future New Zealanders. As a long-term, growth-oriented investor, the Fund has more than NZ$70 billion in assets. The Fund is managed by an Autonomous Crown Entity, the Guardians of New Zealand Superannuation.