NZBA Media Release: Spotlight on a day in the life of a financial mentor Decision makers from government and the financial sector are spending time with financial mentors to get practical insights into their daily work and the assistance they offer clients experiencing vulnerability and financial...
With the release of the Wellbeing Budget 2023 last week, FinCap welcomes the Government’s continued support for financial mentors who are walking alongside whānau across Aotearoa, particularly as they encounter increased cost of living pressures and in the aftermath of this years’ severe weather events. We...
A whānau should never feel they need to go without the energy they need to keep their home healthy. Strategies for addressing energy hardship in Aotearoa must propose strong interventions to ensure we all have the essential energy services we need for our health, well-being,...
Access to essential services necessary for the health, wellbeing and social participation of whānau in Aotearoa should be guaranteed. An effective mechanism is needed for accessing a fair outcome where relevant telecommunications services would instead put a whānau at risk of hardship. FinCap welcomes the opportunity...
We welcome the opportunity to give feedback to the omnibus Child Support (Pass On) Amendment Bill (The Bill). FinCap strongly supports the changes to the child support system which will see child support going directly to the parent on a sole parent benefit from 1...
No child should have to go without essentials because government departments are creating and collecting debt that was always going to be unaffordable. Debt to government is creating distrust and harm for whānau that are trying to engage with the systems that are meant to...
Electricity is an essential service that supports the health, well-being and social participation of whānau across Aotearoa. It is very important that the regulator of these essential electricity services, as well as the public, have visibility as to the systemic issues surrounding whānau having difficulty paying...
FinCap warmly welcomes todays Government announcement of a one-off, time-limited funding boost of $3 million for providers to assist whānau in accessing MSD-funded Building Financial Capability services. Minister for Social Development and Employment Carmel Sepuloni acknowledged that demand for Financial Capability Services is growing as people...
FinCap welcomes the opportunity to comment on the Ministry of Business, Innovation and Employment (MBIE) Draft Credit Contracts and Consumer Finance (Buy Now Pay Later) Amendment Regulations 2022 (Draft Regulations). Loopholes for buy now pay later lenders have been financial mentors’ most regularly noted consumer...
A report released today shows financial mentors and their clients are benefiting from a partnership between FinCap and the New Zealand Banking Association – Te Rangapū Pēke. The partnership, which is funded by NZBA’s member banks, provides $5 million over five years to fund initiatives...