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To be a guardian of the super fund see these people

The people who will nominate the board to run the Government's massive super fund includes some well-known industry figures, plus some outsiders.

Wednesday, October 17th 2001, 9:25PM

Finance Minister Michael Cullen has announced the membership of an independent committee to nominate people for appointment to the Board of Guardians for the New Zealand Superannuation Fund.

Under the New Zealand Superannuation legislation recently passed by Parliament, the minister can only appoint board members if they have first been nominated by this independent committee.

"I am extremely pleased at the calibre of these appointments and look forward to receiving their recommendations for the board in two to three months," Dr Cullen says.

Those appointed to the committee are:

  • Vance Arkinstall (chairman). Arkinstall is the chief executive of the Investment Savings and Insurance Association.
  • Bruce Abraham. Abraham is the former chief executive of Colonial First State Investment Managers and current chairman of Colonial First State Property Trust Ltd.
  • Sid Ashton. Ashton is the chief executive officer of Te Runanga o Ngai Tahu. He is a director of Ryman Healthcare Ltd and a chartered accountant.
  • Annette Lusk. Lusk is an executive director of New Zealand Businesses for Social Responsibility.
  • Rodger Spiller. Spiller is the managing director of Money Matters. He is a serving member of the Securities Commission, a director of New Zealand Businesses for Social Responsibility and winner of the inaugural Financial Planner of the Year Awards.
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Lender Flt 1yr 2yr 3yr
ANZ 5.74 4.89 5.05 5.10
ANZ Special - 4.39 4.49 -
ASB Bank 5.75 4.85 4.99 5.25
ASB Bank Special - 4.39 4.49 4.75
BankDirect 5.75 4.85 4.99 5.25
BankDirect Special - 4.39 4.49 4.75
BNZ - Mortgage One 6.40 - - -
BNZ - Rapid Repay 5.85 - - -
BNZ - Special - 4.39 4.39 4.49
BNZ - Std, FlyBuys 5.79 4.85 5.09 5.25
BNZ - TotalMoney 5.79 - - -
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Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 5.25 5.15 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 5.75 4.85 5.05 -
Housing NZ Corp 5.74 4.85 4.99 5.10
HSBC Premier 6.10 4.25 4.49 4.99
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - 4.25 4.25 -
ICBC 5.60 4.69 4.69 4.99
Kiwibank 5.65 4.85 5.00 5.25
Kiwibank - Capped - - - -
Kiwibank - Offset 5.65 - - -
Kiwibank Special - 4.39 4.49 4.85
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.35 5.20 5.40 -
NZ Home Loans 5.85 4.85 4.99 5.25
Perpetual Trust 7.70 - - -
Lender Flt 1yr 2yr 3yr
Resimac 5.59 5.24 5.29 5.39
SBS Bank 5.74 4.85 4.99 5.10
SBS Bank Special - 4.35 4.35 4.65
Sovereign 5.85 4.85 4.99 5.25
Sovereign Special - 4.39 4.49 4.75
The Co-operative Bank 5.70 4.39 4.49 4.75
TSB Bank 5.74 4.85 4.95 5.25
TSB Special - 4.35 4.29 4.79
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 5.85 4.85 5.05 5.10
Westpac - Capped rates - 6.15 6.15 -
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.85 - - -
Westpac Special - 4.39 4.39 4.65
Median 5.85 4.85 4.99 5.10

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