21 Sep 2022

Consumer NZ lobbies over retirement village sector rules

From Morning Report, 8:50 am on 21 September 2022

Politicians will be hearing submissions from those wanting reforms to the retirement village sector later this morning.

Among the stories that'll be shared is that of an 80-year-old widow in financial limbo, having to pay fees for a unit in a retirement village she left almost a year ago.

Consumer NZ will be among those speaking in front of the select committee - it wants to see any resident's capital returned within 28 days of them moving out.

Stock image of happy older couple signing a legal document.

Stock image of happy older couple signing a legal document. Photo: 123RF

Chief executive Jon Duffy spoke to Guyon Espiner.