Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Financial decision guide for Canterbury red zone residents

October 7 2011

Financial decision guide for Canterbury red zone residents

A financial decision guide for Canterbury red zone residents has been launched by the Commission for Financial Literacy and Retirement Income (formerly known as the Retirement Commission) today.

The Commission has been funded by the Christchurch Earthquake Appeal Trust to develop the tailored information for red zone residents who have received offers from CERA, on behalf of the Government, to buy their house and land.

The Commission’s ‘Financial Decision Guide’ booklet is designed to help people make their financial decisions about the CERA offer and what to do with their settlement payment. It also gives guidance on who to talk to and where to get financial advice.

Retirement Commissioner Diana Crossan said red zone residents shouldn’t rush their financial decisions.

“People who are being made an offer by Government to purchase their house and land need to make some of the most important financial decisions of their lives. They have nine months to make that decision. It’s important that they take time to consider all the implications of their choices. What people decide now could have a lifetime impact.

“Our tailored information is designed to help them work through the decision making process.

“As CERA suggests, red zone residents need to discuss their position with their bank, insurer and lawyer to ensure they fully understand the offer and what it means for them. And, if people are looking for financial advice, they need to make sure they are dealing with a properly qualified professional financial adviser,” Ms Crossan said.

Christchurch Earthquake Appeal Trustee Dr Rod Carr said the decisions red zone residents need to make about the CERA offers could have a life-time impact.

“We saw a need for better information on how to go about making these choices.

“The Commission is known for providing free, independent and trusted information on its Sorted website. The Trust saw the Commission as well placed to fill this gap and approached them to produce tailored information for red zone residents.

“It’s important that red zone residents make the right decision for their own situation, and I strongly encourage all red zone residents to use the financial decision guide launched today to help guide them through their decision process,” Dr Carr said.

The booklet is available online on Sorted, on a special landing page for red zone residents (www.sorted.org.nz/redzone). This page has tailored information, in the form of a checklist, to give red zone residents some guidance on what to start thinking about and doing, and who to talk to.

The booklet will also be available in hardcopy from CERA earthquake hubs and other community organisations in Canterbury within the next fortnight.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Herd Immunity Isn’t A Valid Option, And What’s With Our Reluctance To Wear Masks?

Herd immunity has recently bounced back into the headlines as a tool for managing Covid-19, and as a supposed alternative to lockdowns. In the US, a group of scientists was recently brought together in the town of Great Barrington, Massachusetts by a think tank funded by the Koch brothers. The assembled scientists signed the so called Barrington Declaration, which promotes herd immunity as a rational means of re-opening US public schools and the economy at large... More>>


Gordon Campbell: On National Being Shafted By Its Own Creation

As it licks its wounds, let’s hope the National Party can still find time to look back with some pride at what it has achieved in Epsom. The Act Party’s nationwide success on Saturday night has been a tribute to National’s foresight, and to its ... More>>


Green Party: 'Fruitful Discussions ... Further Discussions To Have'

The Green Party says there is a negotiation going on with the Labour Party, but there are more discussions to be had. More>>


Border: No Changes To Border Exemptions After Fishing Crew Test Covid-19 Positive

The cases were detected after routine day three testing but the immigration minister and air commodore agree there's no need to change border exemptions. More>>

PSA: Labour-Led Government Has Mandate For Transformation, Equality And Transparency

The Public Service Association welcomes the progressive electoral landslide New Zealand voters delivered on Saturday, and the union says its members look forward to implementing policies that reduce poverty and inequality, support affordable housing ... More>>


Stats NZ: New Report Shows Significant Changes To New Zealand’s Climate

Climate change is already happening in New Zealand and could have a profound impact on future generations of New Zealanders, a new report from the Ministry for the Environment and Stats NZ says. Our atmosphere and climate 2020 , released today, includes analysis ... More>>


Judith Collins: Obese People Must Take Responsibility For 'personal Choices'

National Party leader Judith Collins has described obesity as a weakness and says people should not 'blame systems for personal choices'. More>>

Māori Party: Poll Reveals Tamihere On Cusp Of Historic Māori Movement Election Victory

John Tamihere’s election campaign is on the rise and on track to return the Māori Party to parliament, a new Māori TV poll has revealed. The poll released on 11 October during the seventh and final Māori TV Maori Electoral campaign coverage has Tamihere ... More>>

Gordon Campbell: On Four-Year Terms Of Parliament, And On How The US Courts Are Dismantling Democracy

Last week, the issue of four-year parliamentary terms surfaced again. Infuriatingly, it is being discussed purely in terms of its convenience for political parties. They’d get so much more time to enact their policies, free of scrutiny or sanction by voters ... More>>





InfoPages News Channels