Superannuation

The Greens are applauding the NZ Super Fund's hesitant step towards divesting from companies that produce cluster bombs, but they are calling on the fund to just do it and stop mucking around.

The Green Party is welcoming the announcement today by another KiwiSaver provider that they will provide a responsible investment option for New Zealand savers.

The Greens are surprised that Disarmament and Arms Control Minister Phil Goff is being reported today as saying that the New Zealand Super Fund has divested its portfolio of cluster bomb investments.

A Green Party study of 25 KiwiSaver providers shows only one could be reasonably described as providing a "responsible investment" option for the public.

The Green Party has welcomed the NZ Superannuation Fund Guardians' decision to review their responsible investment framework as revealed in their 2007/2008 Statement of Intent tabled in Parliament today.

Greens Co-Leader Russel Norman is presenting a petition to Parliament tomorrow - the 20th anniversary of nuclear free laws — calling for the Government to stop investing money in nuclear weapons.

The Green Party condemned both Dr Michael Cullen's admission in the House today that the Government currently has $115 million invested in Sky City Entertainment Group.