Financial Advice New Zealand and Te Ara Ahunga Ora Retirement Commission have signed a Memorandum of Understanding which the organisations say will improve access to professional financial advice, boost financial capability, and build consumer confidence.
The initial five-year partnership formalises a shared commitment to improving financial wellbeing across life stages, with a particular focus on connecting the Retirement Commission’s Sorted with Financial Advice NZ’s Find an Adviser Directory, the two organisations state.
Retirement Commissioner Jane Wrightson says the partnership “…builds on our work to empower New Zealanders with trusted information and financial tools and our leadership of the National Strategy for Financial Capability.”
She says that by linking the more than 1.4 million people who use Sorted with Financial Advice NZ’s professional adviser network, they are creating a clearer pathway from learning to action.
…Many people aren’t sure when to seek advice – this collaboration helps demystify that decision…
“Many people aren’t sure when to seek advice – this collaboration helps demystify that decision and shows how valuable quality financial advice can be, while offering a trusted way to find it,” Wrightson says.
Financial Advice NZ Chief Executive Nick Hakes says the MOU reflects a shared vision for a more financially resilient Aotearoa New Zealand.
He says the organisation is “incredibly excited” to formalise the partnership which represents a meaningful step toward improving financial wellbeing across New Zealand.
“By linking Sorted users with our Find an Adviser Directory, we’re creating a clear and trusted pathway from financial information to professional advice.
“When people feel more informed and in control of their financial situation, they’re more likely to engage proactively with their finances — and that’s where advisers play a vital role, offering clarity and confidence to help individuals achieve their financial goals.”
The MoU outlines joint initiatives to:
- Promote the value and accessibility of professional financial advice
- Enhance financial capability through coordinated campaigns, research and resources
- Advance the National Strategy for Financial Capability
- Increase consumer awareness of the value of financial advice