An Auckland man told 1News he was convinced by scammers he could throw a tiny bit of cash into the $57 billion NZ Super Fund and reap big rewards.
The Government has moved to take complete ownership of the bank which was launched 20 years ago.
Wage inflation, measured by the labour cost index, was 3.4 per cent in the year ended June 2022.
NZ needs to ask itself – do we want to keep relying on low wages and poor conditions - or compete on higher pay and bright lights?
The Serious Fraud Office alleged the funds were kept secret from party leader Winston Peters and the board.