Willis Towers Watson (WTW) has been tasked with assessing the investment approach of the entity that manages and administers New Zealand’s Government Superannuation Fund.
Tim Mitchell, global head of governance consulting for Willis Towers Watson said a key element of the review will be evaluating the ethical investment framework of the Government’s Superannuation Fund Authority (GSFA).
“This includes consideration of how the authority is taking account of and reporting on climate change,” Mr Mitchell said.
It will also address the legislative requirements under the Government Superannuation Fund Act in terms of assessing the GSFA’s statements of investment policies, standards and procedures for their appropriateness and compliance as well as the fund’s investment performance.
The final report is due by mid-May.
WTW previously completed a statutory review of the superannuation fund in 2019.
Sarah Simpkins
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
