Commission for Financial Literacy and Retirement Income

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Commission for Financial Literacy and Retirement Income
CFLRI logo.pdf
Our vision: Financially sorted Kiwis
Agency overview
Formed 1995
Jurisdiction New Zealand Government
Headquarters Level 3, 69-71 The Terrace, Wellington, New Zealand
Annual budget $5.86 million
Agency executive Diane Maxwell, Retirement Commissioner
Website http://www.cflri.org.nz/

The Commission for Financial Literacy and Retirement Income (formerly the Retirement Commission), is a Crown Entity under the New Zealand Crown Entities Act 2004.[1] The Commission works to improve the financial wellbeing of all New Zealanders throughout their lives through education, information and promotion.

CFLRI logo.pdf

Overview[edit]

The 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 central government and has an annual budget of around $NZ5.9m.[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 impartial information and tools, to help New Zealanders manage their everyday money matters
  • Money Week[5] - New Zealand's annual, nationwide financial literacy week is held in September and aims to get New Zealanders thinking about and taking action with their money matters
  • Financial Knowledge and Behaviour Survey[6] - a four yearly survey of adult New Zealanders
  • Financial Behaviour Index[6] - a six monthly snapshot of New Zealanders’ financial behaviour.

Retirement commissioner[edit]

The Commission is the office of the Retirement Commissioner. Diane Maxwell[7] is the Commissioner. She was appointed by the Minister of Commerce for a three year term from 1 July 2013. Diane was Head of Stakeholder Management for the Financial Markets Authority,[8] and before that, the Head of Brand and Corporate Affairs at the BNZ.

Previous Retirement Commissioners are:·

See also[edit]

References[edit]

  1. ^ "Crown Entities Act 2004 No 115 (as at 08 August 2013), Public Act Contents – New Zealand Legislation". Legislation.govt.nz. 2013-08-08. Retrieved 2013-10-20. 
  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. 2013-09-02. Retrieved 2013-10-20. 
  3. ^ "Statement of Intent : 2013-2016". Cflri.org. Retrieved 2013-10-20. 
  4. ^ "2013 Review of New Zealand Retirement Income Policy". CFLRI. Retrieved 2013-10-20. 
  5. ^ "Money Week 2013". Moneyweek.org.nz. 2013-09-07. Retrieved 2013-10-20. 
  6. ^ a b "Financial literacy research projects". Cflri.org.nz. 2013-05-04. Retrieved 2013-10-20. 
  7. ^ "Diane Maxwell - Retirement Commissioner". CFLRI. Retrieved 2013-10-20. 
  8. ^ "Home | Financial Markets Authority". Fma.govt.nz. Retrieved 2013-10-20. 

External links[edit]