Photo: 123rf.com
The National Strategy for Financial Capability brings together more than 100 financial organisations to simplify the language of finance to help people make better and informed decisions around money.
The Commission for Financial Capability has taken the lead and brought together commercial, non-profit and government agencies, the major banks, insurance companies, budget and financial advisors, and iwi.
The head of the Commission and Retirement Commissioner, Jane Wrightson, said the time was right to push for getting rid of jargon, and replacing it with clear messages that would reach people from different cultural backgrounds.
She said the panicked response to Covid-19 was a wake-up call for the industry.
New Zealand Financial Markets Authority Welcomes NZ Strategy For Financial Capability Date
15/04/2021
The Financial Markets Authority (FMA) has welcomed the release of The National Strategy for Financial Capability, presented in Parliament today by the Minister for Commerce and Consumer Affairs, Dr David Clark.
The FMA collaborated with the Commission for Financial Capability (CFFC) on the development of the strategy and looks forward to continuing to work with the commission, and other organisations, to build New Zealanders’ financial capability.
Retirement Commissioner Jane Wrightson.
OPINION: Jargon is an obstructive beast. It blocks our access to knowledge and seems set to intimidate. Jargon around money is particularly frustrating. Money is part of everyone’s day-to-day lives, and how we manage it is critical in being able to provide for our families, reach our goals and, ultimately, have the retirement we deserve. We should all have easy access to financial know-how, in language we understand. Which is why an agreed glossary for everyone in the financial capability sector to use, to help make messages around money clear and motivating, is one of the first tasks a new umbrella group has set itself.
A bid to boost money know-how - 15-Apr-2021 - NZ Business news nzcity.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzcity.co.nz Daily Mail and Mail on Sunday newspapers.
Women, Māori and Pasifika money know-how to be targeted in new national strategy
14 Apr, 2021 05:00 PM
3 minutes to read
Retirement Commissioner Jane Wrightson. Photo / Michael Craig
Bringing up the levels of financial know-how in women, Māori and Pasifika is the aim of a new national strategy for financial capability being launched today.
Jane Wrightson, Retirement Commissioner and the head of the Commission for Financial Capability - the Government s money education arm - said the strategy would bring together commercial entities, the non-profit sector, iwi and the government to work together.
Read More Until now the many agencies across the financial capability sector each engaged in a variety of largely unconnected activities that have the same driver - to help people be better with money so that they can achieve their goals, said Wrightson.