NZ Super Fund

The New Zealand Superannuation Fund is a sovereign wealth fund of New Zealand. The country provides universal superannuation to people over 65 years of age and the purpose of the Fund is to partially pre-fund the future cost of the New Zealand Superannuation pension, which is expected to increase as a result of New Zealand's ageing population. The Government is expected to begin withdrawing money from the fund in around 2035/36. The fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds.