Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Simplicity Launch Free Financial Education in Plain English


Non-profit KiwiSaver and fund manager Simplicity has launched free financial
education for all New Zealanders, written in plain English, delivered 100% onlineand direct into workplaces.

Even though KiwiSaver has been running 10 years now, and has more than 2.8
million members, there is still widespread ignorance and confusion about basic
money matters.

The latest research from Mercer shows that the average person spends 250 hours each year worrying about money. These high levels of stress are a contributing factor to workplace absences, illness and relationship breakdowns.

Sam Stubbs, Managing Director of Simplicity, said while the Financial Markets
Authority has warned default KiwiSaver providers to do more in the education
space, not enough was being done. “The simple truths are what ordinary KiwiSavers deserve, so we’re doing it,” hesaid. “Today we’re beginning what will be a lifelong mission for Simplicity, which is to get the simple truths about money into the mindset of every New Zealander,” he said.

Amanda Morrall, Simplicity’s Head of Communications and Education and
published personal finance author, has spearheaded the initiative.
She said the digital classrooms, launched just over a month ago via Facebook,
already have close to 600 participants.

“It demonstrates just how much demand there is for financial education,” said
Morrall. Simplicity’s education drive also includes free workplace seminars on financial wellness. The talks have been well received by companies that have nominated Simplicity as a preferred Kiwisaver provider including Spark, Meridian, Genesis and Z Energy.

Stubbs said Simplicity was offering its services and resources to anyone who
wanted them, to help lift financial literacy in New Zealand. “Education is the key here. The more people understand, the less they need to worry.”

The core classrooms (accessible via Simplicity’s website and social media) are:
personal finance 101, KiwiSaver, a first-time home buyer’s guide and retirement
planning. These classrooms expand on subjects that matter to ordinary Kiwis investors.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: Body massages and Uber are in, DVDs are out, says Stats NZ

Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players…More>>

ALSO:


StuffMe: Commerce Commission Welcomes Dismissal Of Merger Appeal

In a summary of their judgment released today, Justice Dobson and lay member Professor Martin Richardson dismissed the appellants’ process criticisms and found the Commission was entitled to place significant weight on the prospect of reduced quality of the products produced by the merged entity. More>>

ALSO:

Digital Futures: New Chief Technology Officer Role Created

Communications Minister Clare Curran has called for expressions of interest for the new role of Chief Technology Officer position to help drive a forward-looking digital agenda for New Zealand. More>>

Real Estate: NZ house sales slump in December but prices still firm

The number of property sales across New Zealand slumped 10 percent in December from a year earlier but prices continued to lift, according to the Real Estate Institute. More >>

ALSO:


Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>

ALSO: