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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

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

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

References

  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.

41°16′51.612″S 174°46′32.094″E / 41.28100333°S 174.77558167°E / -41.28100333; 174.77558167

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