Commission for Financial Capability - Latest News [Page 1]

New Zealanders at risk of being money mules for fraudsters

Monday, 18 November 2019, 10:06 am | Commission for Financial Capability

International crime rings are increasingly targeting New Zealanders’ bank accounts to launder proceeds from scams and fraud. Bronwyn Groot, Fraud Education Manager at the Commission for Financial Capability (CFFC) is highlighting the rising incidence ... More >>

Fraud film to tell victims’ stories

Thursday, 7 November 2019, 10:20 am | Commission for Financial Capability

The first film to be made by two fraud-fighting agencies telling victims’ stories will screen at a free session during the International Fraud Film Festival in Auckland next week. More >>

Interim Retirement Commissioner welcomes new appointment

Friday, 1 November 2019, 11:16 am | Commission for Financial Capability

Interim Retirement Commissioner Peter Cordtz welcomes the appointment of Jane Wrightson to the role, announced today by the Minister of Commerce and Consumer Affairs, Hon. Kris Faafoi. More >>

Proposal to increase government contribution to KiwiSaver

Tuesday, 29 October 2019, 8:05 am | Commission for Financial Capability

Increasing the government contribution to KiwiSaver members’ funds from $521 to $2000 a year could help encourage more self-employed workers to contribute to the scheme. This is one suggestion up for discussion in the three-yearly Review of Retirement ... More >>

KiwiSpend proposal to help stretch retirement savings

Tuesday, 22 October 2019, 8:24 am | Commission for Financial Capability

A drip-feed income scheme called KiwiSpend could kick in when KiwiSaver members turn 65, helping them stretch their savings through what could be a long retirement. This is one suggestion up for discussion in the three-yearly Review of Retirement ... More >>

Retirement village watchdog to investigate loans

Friday, 18 October 2019, 9:09 am | Commission for Financial Capability

The government’s watchdog of the retirement village industry is investigating the extent of loans made to residents and intending residents by village operators. Some operators may offer financial assistance to cover shortfalls in entry payments to ... More >>

Young at risk of social media scammers

Thursday, 17 October 2019, 10:07 am | Commission for Financial Capability

Young New Zealanders are being urged to check their social media privacy settings to prevent scammers hijacking their accounts. Bronwyn Groot, Fraud Education Manager at the Commission for Financial Capability (CFFC) is highlighting the risk as part ... More >>

Proposal to allow KiwiSaver withdrawals for investment

Tuesday, 15 October 2019, 8:19 am | Commission for Financial Capability

Relaxing KiwiSaver rules around first home withdrawals to include investment properties could be a way of reversing the declining rate of home ownership. More >>

Extra tax proposed for high income Superannuitants

Tuesday, 8 October 2019, 9:12 am | Commission for Financial Capability

A special tax scale for those aged over 65 could help claw back NZ Superannuation from high income earners. This is one suggestion up for discussion in the three-yearly Review of Retirement Income Policies , being undertaken by Interim Retirement Commissioner ... More >>

Green labelling system proposed to end KiwiSaver confusion

Monday, 30 September 2019, 12:27 pm | Commission for Financial Capability

A report is calling for a labelling system for “green” KiwiSaver funds to end consumer confusion over which are ethical. More >>

Research shows financial stress impacts mental wellbeing

Tuesday, 24 September 2019, 10:10 am | Commission for Financial Capability

Financial worry is impacting the lives of the majority of New Zealanders in a variety of ways, with women and young adults suffering the most. More >>

Care credit proposed to help close gender pension gap

Monday, 23 September 2019, 8:50 am | Commission for Financial Capability

A “care credit” paid into women’s KiwiSaver accounts when they take time out of paid work to look after family could help to close the gender pension gap in New Zealand. This is one suggestion up for discussion in the three-yearly Review of Retirement ... More >>

Talking about money key to preventing scams

Wednesday, 11 September 2019, 9:11 am | Commission for Financial Capability

Talking more about money could save many New Zealanders from falling victim to scammers, says the Commission for Financial Capability. Fraud Education Manager Bronwyn Groot says a hallmark of scammers is swearing their targets to secrecy, yet any such request ... More >>

NZ would rather talk politics, drugs or alcohol than money

Friday, 6 September 2019, 10:45 am | Commission for Financial Capability

New research shows that most New Zealanders would rather talk about drugs, alcohol and politics than money, and many don’t talk about money at all with their family, friends and colleagues. A survey by the Commission for Financial Capability (CFFC) ... More >>

Submissions open for Review of Retirement Income Policies

Monday, 15 July 2019, 10:29 am | Commission for Financial Capability

New Zealanders have the opportunity to contribute to the government’s Review of Retirement Income Policies, including questions around Superannuation and KiwiSaver. Submissions are now open for the Review, being run by the Commission for Financial ... More >>

Retirement village watchdog demands greater clarity

Thursday, 11 July 2019, 9:37 am | Commission for Financial Capability

The government agency tasked with monitoring the retirement village industry is demanding greater clarity from operators regarding the rules and costs involved in residents moving from independent living to rest home-type care facilities on the same site. More >>

Students keen to learn about money with Sorted in Schools

Monday, 1 July 2019, 9:58 am | Commission for Financial Capability

A government-backed financial education programme for secondary students now has half of New Zealand’s high schools signed up, with a number starting to teach teens about how to make money work for them. More >>

CFFC welcomes Budget funding to improve home ownership

Friday, 31 May 2019, 9:49 am | Commission for Financial Capability

The Commission for Financial Capability (CFFC) looks forward to scaling up its Sorted community programmes to help more Māori and Pasifika families into home ownership, thanks to an allocation of around $3 million in this year’s Budget. More >>

Media statement by Retirement Commissioner Diane Maxwell

Wednesday, 22 May 2019, 3:33 pm | Commission for Financial Capability

Statement by Retirement Commissioner Diane Maxwell in response to the report of the investigation into allegations made against her of bullying: More >>

Nearly half government contribution to KiwiSaver unclaimed

Thursday, 2 May 2019, 12:39 pm | Commission for Financial Capability

KiwiSaver members have six weeks to make sure they qualify to receive the government’s annual contribution of $521. More >>

 

 

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