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Te Ara Ahunga Ora Retirement Commission

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Coordinates: 41°16′51.612″S 174°46′32.094″E / 41.28100333°S 174.77558167°E / -41.28100333; 174.77558167
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Te Ara Ahunga Ora Retirement Commission
Empowering the people of Aotearoa on their journeys to a better retirement.
Agency overview
Formed1995
JurisdictionNew Zealand Government
HeadquartersLevel 15, 19 Victoria St West Auckland, New Zealand
Employees30+
Annual budget$8.6 million
Minister responsible
Agency executive
  • Jane Wrightson, Retirement Commissioner
Websitehttps://retirement.govt.nz/

Te Ara Ahunga Ora Retirement Commission (formerly Commission for Financial Capability), is a Crown entity under the New Zealand Crown Entities Act 2004.[1] The Commission provides financial education and information to residents of New Zealand, advises government on retirement income policy, and monitors the effectiveness of the Retirement Villages Act 2003.

Overview

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Te Ara Ahunga Ora Retirement Commission operates under the NZ Superannuation and Retirement Income Act,[2] which provides the statutory framework for its operations. It also has certain functions under the Retirement Villages Act 2003.[2] The commission is funded by New Zealand's central government and has an annual budget of around $NZ8.6m.[3]

The commission's activities include:

  • Review of Retirement Income Policy[4] - 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[5]
  • Money Week[6] - New Zealand's annual, nationwide financial capability week is held in August.
  • Research on New Zealanders' financial capability and retirement income [7]
  • Monitoring the retirement village regulatory framework[8]

Retirement Commissioner

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Te Ara Ahunga Ora Retirement Commission is the office of the Retirement Commissioner, Jane Wrightson.[9] 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.

Previous Retirement Commissioners are:

See also

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References

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  1. ^ "Crown Entities Act 2004 No 115 (as at 08 August 2013), Public Act Contents – New Zealand Legislation". Legislation.govt.nz. 8 August 2013. Retrieved 20 October 2013.
  2. ^ a b "New Zealand Superannuation and Retirement Income Act 2001 No 84 (as at 02 September 2013), Public Act Contents – New Zealand Legislation". Legislation.govt.nz. 2 September 2013. Retrieved 20 October 2013.
  3. ^ "Vote Business, Science and Innovation 2020-21" (PDF). treasury.govt.nz. NZ Treasury. Retrieved 20 January 2021.
  4. ^ "Review of New Zealand Retirement Income Policy". cffc.govt.nz. Commission for Financial Capability. Retrieved 20 January 2021.
  5. ^ "Sorted, by the Commission for Financial Capability". cffc.govt.nz. Retrieved 20 January 2021.
  6. ^ "Money Week". Moneyweek.org.nz. 7 September 2013. Retrieved 20 October 2013.
  7. ^ "Research and reports". cffc.govt.nz. Commission for Financial Capability. Retrieved 20 January 2021.
  8. ^ "Retirement Villages Act, Regulations and Codes » CFFC". cffc.govt.nz. Retrieved 19 January 2021.
  9. ^ "Jane Wrightson - Retirement Commissioner". cffc.govt.nz. Commission for Financial Capability. Retrieved 20 January 2021.
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41°16′51.612″S 174°46′32.094″E / 41.28100333°S 174.77558167°E / -41.28100333; 174.77558167

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