Press Release – Consumer NZ Consumer NZ wants an overhaul of retirement village regulations to protect residents from unfair terms. Consumer NZ chief executive Jon Duffy said its review of retirement village contracts found terms that unfairly favour the village and risk leaving residents …
Consumer NZ wants an overhaul of retirement village regulations to protect residents from unfair terms.
Consumer NZ chief executive Jon Duffy said its review of retirement village contracts found terms that unfairly favour the village and risk leaving residents out of pocket.
“Retirement villages promise the good life in your golden years. However, the agreements consumers must sign before they move into a village can have a nasty financial sting. Some also risk breaching consumer law,” Duffy said.