If the global financial crisis was repeated the Super Fund could lose more than half of its current $39.4 billion value, over a 10-month period. Photo: Getty ImagesMore than half of the value of the New Zealand Superannuation Fund could be wiped if there was a repeat of the global financial crisis, it has been estimated. If the global financial crisis was repeated it estimates the fund could lose $20.3 billion or more than half (52.6%) of its current $39.4 billion value, over a 10-month period. The good news is that if the GFC were to be replicated, the Super Fund would recoup the losses within a 20-month period. New Zealand Superannuation Fund chief executive Matt Whineray said it was not forecasting another event like the GFC.

Source: Otago Daily Times October 11, 2018 19:07 UTC