Our History

The New Zealand Superannuation Fund (Fund) was created by an Act of Parliament on 11 October 2001. The Guardians of New Zealand Superannuation (Guardians) were announced on 26 August 2002, with the first Board meeting taking place on 9 September 2002.

Having developed a corporate and investment structure and strategy, the Board of the Guardians appointed a Chief Executive Officer in March 2003. A new Chief Executive Officer was appointed in February 2007.

The original asset allocation was announced in August 2003, and the following month the Fund began receiving contributions from the Crown. On 30 September 2003 the investment programme commenced with $2.4 billion in cash.

See the table below for further information on the Fund's history.

	2012
December	Named world's most innovative sovereign wealth fund Lindsay Wright appointed to Board Public Sector Annual Report of the Year
October	Fund reaches $20 million milestone
September	Gavin Walker succeeds David May as Board Chair, Craig Ansley appointed to board
June	Guardians win CIO Executive Team of the Year
May	Pip Dunphy appointed to Board New Zealand Superannuation Fund wins INFINZ Excellence in Treasury Award
	2011
February	First manager appointment and first farm purchase under Rural Land Strategy
	2010
July	Gavin Walker appointed to Board
	The Reference Portfolio and Strategic tilting replace Strategic Asset Allocation
March	Acquired 50% of Shell's New Zealand downstream assets - now Z Energy
February	First catastrophe bond investment
2009
November	Second Independent Review of Guardians published Catherine Savage and Stephen Moir appointed to the Board David Newman appointed Deputy Chair of the Board
September	The Guardians publish their response to the Santiago Principles
July	Government announces temporary cessation of capital contributions
June	The Guardians publish their response to the Ministerial Directive relating to investment in New Zealand
	2008
December	The Guardians exclude from the Fund companies associated with the manufacture of cluster munitions and the manufacture or testing of nuclear explosive devices
November	Annual review of UNPRI signatories' performance puts the Guardians among the top performers in the region and in the upper half of performers globally
October	The Guardians join a world-wide effort to encourage listed global companies to embrace international standards on human rights, working conditions, the environment and anti-corruption
2007
December	Changes to Strategic Asset Allocation announced
October	Tobacco stocks excluded
January	Northern Trust appointed new custodian ( effective 1 July 2007 ) John Evans appointed to the Board Chief Executive appointed ( Adrian Orr )
2006
October	Minority interest acquired in Kaingaroa Forest
August	ISS retained to assist with proxy voting
April	Mark Tume appointed to the Board Founding signatories to the UN Principles for Responsible Investment
2005
March	Changes to Strategic Asset Allocation announced
2004
November	First Independent Review of the Guardians of New Zealand Superannuation, conducted by Jonathan Eriksen
September	David Newman and Glen Saunders appointed to the Board
2003
September	New Zealand Superannuation Fund commenced investing with $2.4 billion in cash
August	Board announces initial strategic asset allocation
March	Paul Costello appointed as first Chief Executive
2002
August	Board of Guardians of New Zealand Superannuation Board appointed
2001
October	Minister of Finance appoints independent committee to nominate persons for the Guardians of New Zealand Superannuation Board New Zealand Superannuation Fund created by an Act of Parliament ( New Zealand Superannuation and Retirement Income Act 2001 )
2000
November	New Zealand Superannuation Bill introduced into Parliament

Our History

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