Investment Benchmarks Re: Rebstock comment Insurance Buisseness Magazine 12 Nov 2019
Anthony Jordan made this Official Information request to Accident Compensation Corporation
The request was successful.
From: Anthony Jordan
Dear Accident Compensation Corporation,
1/ Please supply the evidential references that MS Rebstock reffered to, for the Benchmarks for each Respective year, MS Rebstock Proclaims in the article published 12 November 2019 Insurance Buisseness
“The work Nicholas has done for ACC and New Zealand has been outstanding. This is demonstrated by the ACC investment fund’s performance exceeding benchmarks for 25 of the last 27 years,” said Paula Rebstock, chairperson at ACC, as reported by NZ Herald.
“When Nicholas joined ACC in 1993, funds under management were less than $1 billion and the investment team was only five people. Now the investment team has 60 people across a range of portfolios and $45 billion in funds under management.
Every $100 that ACC invested 27 years ago has effectively grown to be worth more than $1,350 today.”
2/ Please supply Evidence that would separate the out going CIO's achievements from the targets the ACC have made, over the same period MS Rebstock Proclaims, to meet any ACC claimant 'termination/case closure' objectives
3/ Any other additional information that would assist with statement below in the context of 'a duty to assist' (as set out in the Official Information act)
The aim being, to identify the out going CIO's financial achievement income to the Corporation vs the ACC's financial objectives to 'protect and manage' funds
Yours faithfully,
Anthony Jordan
From: Government Services
Accident Compensation Corporation
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From: Government Services
Accident Compensation Corporation
Kia ora Anthony
Please find attached our response to your official information request
dated 13 November 2019. If you have any questions about the response you
can contact us at this [1]address, for all other matters please use our
contact form at: [2]https://www.acc.co.nz/contact/ alternatively give us a
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Ngâ mihi
Sasha Wood, Acting Manager OIA Services, ACC
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