The second round of Investor Confidence Rating (ICR) assessments for six investment-intensive government agencies is now
complete, following assessment of the Accident Compensation Corporation (ACC), Department of Corrections, Inland
Revenue, Ministry of Education, Ministry of Justice and New Zealand Police.
The ICR is an incentive mechanism for investment-intensive government agencies that rewards good investment management
performance and proactively addresses performance gaps. It uses a rating scale from A to E, with an ‘A’ rating
signalling a high level of performance and an ‘E’ rating indicating significant assistance may be required for the
agencies investments to deliver results. A ‘C’ rating means that the status quo investment management system
arrangements remain in place.
Corrections, Police and Education lifted their ratings from their first assessments in 2016, each improving from a ‘C’
to a ‘B’ rating. Inland Revenue (‘A’ rating), ACC (‘B’ rating) and Justice (‘B’ rating) retained their earlier ratings.
Having an improved ICR or retaining the same result are both positive outcomes, given that improvements to the
assessment process between rounds have made it more rigorous.
All six agencies assessed have activities underway to improve their investment maturity and performance, and have acted
upon previous improvement recommendations from the first round of assessment.
More details on each agency’s results are available on the website at Results of the Investor Confidence Rating, along with background information about the ICR.
ENDS