Published 13 May 2011
The Government has decided to move the retirement commissioner out of the Social Development portfolio and into Commerce because unsolicited “low-ball” share offers in recent months had highlighted the need to improve financial literacy.
Commerce Minister Simon Power said on Wednesday he would work with both the public & private sectors over the next few months to identify steps to enhance investor literacy.
The retirement commissioner will move office on Friday July 1.
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Attribution: Ministerial release, story written by Bob Dey for the Bob Dey Property Report.