Commission for Financial Capability - Latest News [Page 1]

Retirement Village Loans To Residents Can Indicate Financial Need

Wednesday, 8 July 2020, 9:25 am | Commission for Financial Capability

A report by the government’s retirement village monitoring agency has found 40% of village operators provide loans to residents, but that there has been no significant increase in loans being sought. The loans generally cover shortfalls in entry payments ... More >>

New Money Lessons Help Students Gain NCEA

Tuesday, 23 June 2020, 11:44 am | Commission for Financial Capability

Secondary students can gain credits toward NCEA by learning about money thanks to a new collection of learning materials developed by the Commission for Financial Capability (CFFC). The CFFC has launched the resources through its Sorted in Schools ... More >>

Webinars Address Money Stress At Work

Thursday, 4 June 2020, 3:28 pm | Commission for Financial Capability

Employers providing financial education for their staff as they work from home are addressing the high rate of employees whose financial stress spills over into the workplace. A series of free webinars produced by the Commission for Financial Capability ... More >>

COVID-19 Exposing New Zealanders’ Financial Vulnerability

Wednesday, 27 May 2020, 7:01 am | Commission for Financial Capability

A survey on the impact of COVID-19 on New Zealanders’ financial wellbeing undertaken during Level 4 showed 34% of households were in difficulty and 40% were at risk of tipping into hardship. The survey of 3,000 New Zealanders across the last two weeks ... More >>

COVID-19 Sees Record Numbers Flock To Sorted For Financial Help

Wednesday, 13 May 2020, 11:35 am | Commission for Financial Capability

The financial effects of COVID-19 saw New Zealanders flock to the government’s money guidance service Sorted during lockdown. The sorted.org.nz website saw a four-year record in user numbers in April - more than 150,000. New users rose 26% compared ... More >>

Live Show To Address New Zealanders’ Money Worries

Wednesday, 6 May 2020, 4:32 pm | Commission for Financial Capability

Sorted and TVNZ have teamed up to produce a live programme to address New Zealanders’ money worries arising from the effects of COVID-19. Called My Money: What Now? the one-off show is designed as a unique broadcast learning experience based on Sorted’s ... More >>

Support For Government Protections Against Loan Sharks

Thursday, 30 April 2020, 3:10 pm | Commission for Financial Capability

Fast-tracked legislation to protect vulnerable consumers against predatory loan sharks will help prevent families being saddled with unmanageable debt during an already difficult time, says Retirement Commissioner Jane Wrightson. Wrightson heads ... More >>

Scam Warning For Online Shoppers Ahead Of Move To Level 3

Thursday, 23 April 2020, 10:28 am | Commission for Financial Capability

New Zealanders keen to get back to online shopping are being warned of scammers taking advantage of loosening restrictions with the move to Level 3. Fake shopping websites and phishing emails set up to steal personal information and credit card ... More >>

Surge In Visits To Sorted Reveals New Zealanders’ Money Worries

Wednesday, 8 April 2020, 9:35 am | Commission for Financial Capability

A sharp increase in use of the government’s money guidance service Sorted has revealed which topics are worrying New Zealanders the most during COVID-19. The most frequently asked questions through the website sorted.org.nz concern the type of ... More >>

Official Financial Services Ready To Help

Wednesday, 25 March 2020, 10:38 am | Commission for Financial Capability

New Zealanders worried about money due to the effects of coronavirus are urged to seek guidance through official government services Sorted and MoneyTalks. The Sorted website is run by the Commission for Financial Capability, headed by Retirement Commissioner ... More >>

First Home Buyers: How To Protect Your KiwiSaver From Coronavirus

Wednesday, 11 March 2020, 1:02 pm | Commission for Financial Capability

First home buyers planning to put their KiwiSaver funds toward a deposit in the near future should talk to their provider about whether to switch to a cash fund to protect their investment from a sharemarket made volatile by the effect of coronavirus. ... More >>

Retirement Village Monitor Checking Industry Preparation For Coronavirus Risk

Wednesday, 4 March 2020, 2:29 pm | Commission for Financial Capability

The risk of coronavirus spreading among independent residents of retirement villages is being addressed by organisations which oversee the industry. The Commission for Financial Capability (CFFC) has spoken with the Retirement Villages Association (RVA) ... More >>

Retirement Commissioner Supports Changes To KiwiSaver Default Funds

Sunday, 1 March 2020, 12:02 pm | Commission for Financial Capability

Changes to KiwiSaver default funds announced today by the Minister of Finance and the Minister of Commerce and Consumer Affairs respond to concerns raised by New Zealanders during the Review of Retirement Income Policies , says Retirement Commissioner Jane ... More >>

More Help For Consumers Around Retirement Village Rules

Friday, 21 February 2020, 10:11 am | Commission for Financial Capability

From 1 April two new sets of guidelines will help prospective residents of retirement villages and their families be clear about the financial implications of moving into a village, and transferring between independent living and care facilities on the ... More >>

Retirement policy review recommends retention of NZ Super

Wednesday, 29 January 2020, 8:11 am | Commission for Financial Capability

Fears that NZ Superannuation will diminish or disappear for future generations should be laid to rest, says Interim Retirement Commissioner Peter Cordtz in the three-yearly Review of Retirement Income Policies. The two previous reviews called for a rise ... More >>

Gifts are not what we really want for Christmas

Friday, 13 December 2019, 10:19 am | Commission for Financial Capability

If you’re heading out to do Christmas shopping this weekend you may want to pause and consider that gifts come a poor seventh place in a list of what New Zealanders most look forward to this season. More >>

Money mules booklet released to help protect New Zealanders

Thursday, 12 December 2019, 10:01 am | Commission for Financial Capability

A booklet outlining how New Zealanders can unwittingly become money mules for international fraudsters has been released by the Commission for Financial Capability (CFFC) and the Police. The two organisations partnered in producing the online publication following ... More >>

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 >>

 

 
 
 
 
 

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