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Commission for Financial Capability
Building Wealthy Lives
The Commission for Financial Capability (CFFC) is an independent government-funded organisation helping people to get ahead financially. We work to ensure the retirees of today and tomorrow are equipped with the financial knowledge, skills and confidence to make good financial decisions at every stage of their lives and reach retirement in good financial health.
Commission for Financial Capability - Latest News [Page 2]
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 >>
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 >>
