Te Ara Ahunga Ora Retirement Commission
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| File:Te Ara Ahunga Ora Retirement Commission logo.jpg Empowering the people of Aotearoa on their journeys to a better retirement. | |
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| Agency overview | |
|---|---|
| Formed | 1995 |
| Jurisdiction | New Zealand Government |
| Headquarters | Level 15, 19 Victoria St West Auckland, New Zealand |
| Employees | 30+ |
| Annual budget | $8.6 million |
| Minister responsible | |
| Agency executive |
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| Website | https://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
[edit | edit source]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
[edit | edit source]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:
- Diane Maxwell (2013-2019)
- Diana Crossan (2002-2013)
- Colin Blair (1995-2001)
See also
[edit | edit source]References
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External links
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