Government endorsement for financial capabilityPosted to Financial Capability on 03-07-2015
The Government has highlighted financial capability as one of its priorities and stressed the need for organisations to work together to improve the wellbeing of New Zealanders.
The call was made in an announcement by the Minister of Commerce and Consumer Affairs, at the Commission's Financial Capability Summit in Auckland.
Paul Goldsmith said: "Building the financial capability of New Zealanders is a priority for the Government.
"It will help us improve the wellbeing of our families and communities, reduce hardship, increase investment and grow the economy."
The Minister released a government statement that highlighted the role of the National Strategy for Financial Capability and the Investor Capability Strategy in co-ordinating a collective approach, aimed at helping everyone to get ahead financially.
The cross government financial capability network:
The Retirement Commissioner, Diane Maxwell, welcomed the launch of the government statement.
She said it was an important endorsement of the part that financial capability should play in the lives of every New Zealander, as well as being crucial for the country's economic health and, more broadly, the national wellbeing.
Government agencies will be encouraged to work more collaboratively and include financial capability outcomes in the services they provide.
Next: Romance scam victims speak out for Fraud Awareness Week