Te Ara Ahunga Ora Retirement Commission (formerly Commission for Financial Capability), is a
Crown entity under the
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...
Crown Entities Act 2004. The Commission provides
financial education and information to residents of
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...
, advises government on retirement income policy, and monitors the effectiveness of the Retirement Villages Act 2003.
Overview
Te Ara Ahunga Ora Retirement Commission operates under the NZ Superannuation and Retirement Income Act,
which provides the statutory framework for its operations. It also has certain functions under the Retirement Villages Act 2003.
The commission is funded by
central government
A central government is the government that is a controlling power over a unitary state. Another distinct but sovereign political entity is a federal government, which may have distinct powers at various levels of government, authorized or dele ...
and has an annual budget of around $NZ8.6m.
The commission's activities include:
* Review of Retirement Income Policy - completed every three years to assess effectiveness, identify future issues, provide policy stability and inform policy development
* ''Sorted'' - providing free independent and financial impartial information and tools
* Money Week - New Zealand's annual, nationwide financial capability week is held in August.
* Research on New Zealanders' financial capability and retirement income
* Monitoring the retirement village regulatory framework
Retirement Commissioner
Te Ara Ahunga Ora Retirement Commission is the office of the Retirement Commissioner,
Jane Wrightson.
She was appointed by the Minister of Commerce for a three-year term from February 2020. Wrightson was formerly Chief Executive of
NZ on Air
NZ On Air (NZOA; mi, Irirangi te Motu), formally the Broadcasting Commission, is an autonomous Crown entity and commission of the New Zealand Government responsible for funding support for broadcasting and creative works. The commission oper ...
.
Previous Retirement Commissioners are:
* Diane Maxwell (2013-2019)
*
Diana Crossan (2002-2013)
*
Colin Blair (1995-2001)
See also
*
New Zealand Superannuation Fund
The New Zealand Superannuation Fund ( mi, Te Kaitiaki Tahua Penihana Kaumātua o Aotearoa) is a sovereign wealth fund in New Zealand. New Zealand currently provides universal superannuation for people over 65 years of age and the purpose of the ...
References
External links
Official websiteSorted websiteMoney Week websiteThe Exchange websiteSmart Investor
{{Authority control
New Zealand autonomous Crown entities