The Cook Islands National Superannuation Fund (the Fund) is pleased to advise members that the 2015 Financial Accounts have now been finalised and are presented to members.
In summary the Funds total net assets have grown by $13m from $95.4m in 2014 to $108.4m in 2015. Member’s contributions increased by $0.5m from $10.4m in 2014 to $10.9m in 2015. Net Investment revenue was down from $9.0m in 2014 to $4.4m largely as a result of the volatility in global markets in late 2015. The Funds expenses increased by $0.3m as the Fund made changes to introduce the conservative, balanced, and growth member investment options. 598 new members joined the Fund bringing total membership to 8602 at the end of 2015, and a total of $1.4m was paid out to members during 2015 in the form of benefits from the Fund.
Individual statements are now being prepared for delivery to members, and we would like to encourage all our members to review their account statements, the investment option they are currently in, and their risk appetite to ensure they are investing their money in the Fund most suitable to them.
Please click on the attached files below to read.
Chief Executive Officer