Banker 'Moose' Tyler to head super funds
Reserve Bank financial markets head, Simon Tyler - nicknamed Moose - is the new chief executive of two superannuation funds.
His appointment as chief executive of the government superannuation fund authority and of the board of trustees of the national provident fund is effective from July 1.
He has more than 25 years of financial experience, including six years as treasury head at the National Bank.
Exiting Reserve Bank governor Alan Bollard paid tribute to Mr Tyler in his book, Crisis: One Central Bank Governor and the Global Financial Collapse.
Mr Tyler joined the RBNZ in 2004 and during his time led reviews which significantly changed the way it manages New Zealand’s bank liquidity.
He sits on its main policy committees.
National Provident Fund
The fund's board of trustees is trustee of 11 defined contribution and defined benefit superannuation schemes.
NPF’s primary function is to administer the schemes and manage its investments in the best interests of the members, taking into account the interests of the employer contributors and the Crown, as guarantor of the benefits payable by the schemes.
Government Superannuation Fund Authority
The authority is an autonomous Crown entity, established in October 2001.
Its functions are to manage and administer the Government Superannuation Fund and tits schemes in accordance with the Government Superannuation Fund Act 1956.
The fund dates back to 1948, and was established to enable state sector employees to save for their retirement.
Contributors make regular contributions to GSF and in return, on retirement, receive a defined level of income.