FSC calls on organisations to take action on women’s financial wellbeing

The Financial Services Council (FSC) today launches a call to action to New Zealand organisations in the financial services sector and beyond to take meaningful action to improve the financial wellbeing of our wāhine.

Over 80% of women surveyed by the FSC in 2021 rated their financial wellbeing moderate, low or very low.

“In response to these findings, we’re delighted to partner with Te Ara Ahunga Ora Retirement Commission on an important initiative that will help change these statistics,” said FSC chief executive Richard Klipin.

Retirement Commissioner Jane Wrightson said the FSC’s latest research further highlights why women have been identified as a priority group in the National Strategy for Financial Capability.

“As part of the first-year plan for the strategy, FSC were tasked with leading an industry initiative that would help women demystify money. It’s fantastic to see this mahi getting underway.

“Women often relate to money in different ways to men, and financial capability messages have not always resonated with them. By focusing on women’s particular needs, in ways that will reach them, the sector will support women’s financial empowerment.”

The FSC is looking for support in the form of meaningful actions that help to improve the financial wellbeing of women in Aotearoa.

Read the full media release here.

Become a founding supporter of the FSC's It Starts With Action initiative here.