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View Full Version : So when's the discount in fees coming?



Murray
5th April 2011, 16:47
Todays news can't find anyone else posting about it which surprises me?? Have we all rolled over??

http://www.odt.co.nz/news/business/154734/governments-operating-deficit-92-billion

or to summarise

The New Zealand Superannuation Fund reported gains on its investment nearly $2.3 billion above forecast. ACC and the EQC also experienced gains on their investments of $788 million due to strong equity markets.

Also, ACC and GSF experienced favourable changes in claims and the discount rate to calculate the present value of the future expected payments.

Those two factors resulted in a gain for ACC of more than $1 billion, $1.9 billion higher than a forecast loss of $853 million, and a gain for GST of $288 million, $144 million higher than expected.


So with favourable changes in claims whens the reduction coming!!!!

This really pisses me off!!