Curbs on funds
I (N.Z. Press Association) .1 WELLINGTON, April 1. I Changes proposed by the; i Government will mean tighter •i requirements on the invest-1 ,‘ment of funds held by private [ superannuation funds, includ-. |ing mutual funds. I The Minister of Finance' I (Mr Tizard) said in a state-' . ment today that private J superannuation funds would I be brought into the samel . general investment requirements as those funds run i through life assurance offices. At present private funds i are required to invest 30 per cent of their funds in public r securities. Other superannuai tion schemes run through; life offices have to tomplyl • with Government regulations; i regarding investment in hous-| ing and industry, as well asj maintaining the 30 per cent public securities ratio. i.
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Bibliographic details
Press, Volume CXV, Issue 33807, 2 April 1975, Page 3
Word Count
129Curbs on funds Press, Volume CXV, Issue 33807, 2 April 1975, Page 3
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