Investing for the public good
Owning the right assets, managing them well, funding them sustainably, and managing risks to the Crown balance sheet are all critical to the ongoing provision of high-quality and cost-effective public services that New Zealanders value. This means that the quality of investment management is vital to maintaining New Zealanders' living standards now and in the future. It explains why the Government is committed to ensuring investment management and asset management practices remain fit-for-purpose.
The investment management system aims to optimise value from new and existing investments and assets for current and future generations of New Zealanders. The government is committed to ensuring that investment management and asset performance policies, processes and practices remain fit-for-purpose.
The Treasury leads the government’s investment management system and is responsible for developing and maintaining the integrity of the system as a whole. In 2014, the Treasury established the Investment Management and Asset Performance (IMAP) team, with a specific focus on improving the effectiveness of investment management and asset performance in the State sector.
The IMAP team assists ministers and agency chief executives by:
- establishing and maintaining fit-for-purpose policies and processes around investment and asset management
- running fair and transparent processes to ensure that investment decision-making across the State sector is robust, transparent, effective and efficient, and that investment decisions are informed and prioritised well, and align with government's long-term goals
- providing robust and informed advice
- facilitating knowledge sharing and collaboration.
Contact for enquiries:
The investment management system, and Treasury’s and agencies’ roles and responsibilities, are detailed in Cabinet Office Circular CO(19) 6, Investment management and asset performance in the State Services.