Wednesday 17th of December 2003

Russell Investment Group is the new investment advisor to the Police Superannuation Scheme, a $220 million retirement plan for New Zealand's police officers and staff. “Russell was selected through a competitive tender that arose from a regular review of advisors to ensure the Scheme continues to meet members’ needs,” said Alan Harwood, chairman of the Scheme’s Board of Trustees. “The Russell team is providing a range of consulting services to the Board, including asset allocation, product evaluation, and the monitoring of managers and investment performance. The Board also expects Russell to help keep it up-to-date on topical investment issues.” Earlier this year, the Scheme introduced member choice to its 6000 members, who can now choose from three portfolios with different risk profiles. “Russell is very pleased to have been appointed investment advisor to the Police Superannuation Scheme,” said Dr. Edward Schuck, Director of Business Operations in New Zealand. “The Scheme’s trustees have made it clear that they require research and advice of the highest quality in order to take a best practice approach that optimises returns for their members. “Russell is in a unique position to meet this need. Our wide client base and 11 year presence in New Zealand mean we combine a deep understanding of local issues with global leadership in providing investment solutions to institutional investors.”