Commission for Financial Capability - Latest News [Page 1]

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 >>

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 >>

 

 

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