Partnership launched to build financial capability in New Zealand

Members of the financial services sector have come together in a collaborative partnership to help raise levels of financial literacy in New Zealand.

Retirement Commissioner Diane Maxwell and Commerce Minister Hon Craig Foss hosted members of the finance sector tonight to celebrate the launch of The Exchange. 

Ms Maxwell said The Exchange aims to deliver innovative and effective financial literacy initiatives, benefitting from a centralised effort, shared learnings, a national footprint, scalability of projects and agreement on prioritisation of goals.

‘The goal is to build financial capability which will deliver better outcomes for individuals, communities, and more broadly, the New Zealand economy.’

We are delighted that the Governor-General, Sir Jerry Mateparae, has agreed to be patron of The Exchange, and remains committed to increasing financial capability in New Zealand.

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The Exchange

  • A collaboration between banks, finance services providers and government.
  • The governance structure is led by The Exchange Council composed of Diane Maxwell, Retirement Commissioner; Kirk Hope, CEO of New Zealand Banker’s Association; Miriam Dean, Chair of the Banking Ombudsman Scheme; and two additional members to be confirmed in the New Year.
  • Early 2014: Information, including a list of member organisations, will be available via an Exchange website.  

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