An architect of a proposal to turn the country into a hub for overseas pension funds says he's delighted the Government is considering the idea.
The Capital Market Development Taskforce has suggested New Zealand position itself as a good place for back-office administration services for the fund management industry.
The Taskforce says such an opportunity could create up to 5000 jobs and bring in extra tax revenue for the Government.
Taskforce chair Rob Cameron says New Zealand's transparent and stable jurisdiction, and its time zone, would give the country a natural advantage.
The Government is due to give its response to the Taskforce proposals on Thursday.
