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The Commission for Financial Capability (CFFC), is a Crown Entity under the New Zealand Crown Entities Act 2004. The Commission works to improve the financial capability of all New Zealanders throughout their lives through education, information and promotion.
The Commission for Financial Capability operates under the NZ Superannuation and Retirement Income Act, which provides the statutory framework for its operations. It also has certain functions under the Retirement Villages Act 2003. The Commission is funded by central government and has an annual budget of around $NZ5.9m.
The Commission's activities include:
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Review of Retirement Income Policy- completed every three years to assess effectiveness, identify future issues, provide policy stability and inform policy development
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Sorted - providing free independent and impartial information and tools, to help New Zealanders manage their everyday money matters
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Money Week[ - 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
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Financial Knowledge and Behaviour Survey - a four yearly survey of adult New Zealanders
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Financial Behaviour Index- a six monthly snapshot of New Zealanders’ financial behaviour.
The Commerce Commission
The Commerce Commission is a New Zealand government agency charged with enforcing legislation that promotes competition in the country's markets and prohibits misleading and deceptive conduct by traders. It is an independent, quasi-judicial body, established under the Commerce Act 1986. The purpose of the Act is to promote competition in New Zealand's economy. It prohibits conducts that restricts competition (restrictive trade practices) and the purchase of a business's shares or assets if that purchase leads to a substantial lessening of competition in the market.
To find out more click on the Commerce Commission Logo
What is Building Financial Capability?
Building Financial Capability (BFC) is a range of services and products to help people, families and whānau experiencing hardship to build their financial capability and resilience. BFC takes a strengths-based approach to empower people to manage their finances, set goals and achieve long-term, sustainable change. The products and services range from prevention to targeted support for people with multiple and complex needs.
To find out more click on the MSD Logo.
Take Note
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