At Whai Rawa improving and increasing understanding of financial capability and literacy is a key objective in our journey to create better futures for whānau. Financial capability is about having the ability to make informed judgements and make effective decisions regarding the use and management of money. It is seen as a spectrum covering financial knowledge and the understanding, confidence and motivation to make financial judgements and decisions.
Whai Rawa Fund Limited (WRFL) are currently developing a strategic framework to establish an updated Financial Capability Strategy for implementation by exploring how we can deliver a collaborative Financial Capability programme focusing on financial mechanisms that support our key value drivers;
- Whānau centric
- Culturally competent design & delivery
- Kanohi ki te kanohi
- Ongoing support / mentoring
Working in Partnership to Help
We work with a range or organisations to maximise our effectiveness. These key relationships include:
• Te Rūnanga o Ngāi Tahu
• Te Ara Ahunga Ora Retirement Commission
• Financial Services Council
• Ministry of Education
• Tertiary providers
• Ministry of Business, Innovation and Employment
• Banks and other lending institutions
- We work with a range of iwi, Māori and other organisations to ensure quality development and delivery of financial literacy initiatives.
- Our financial capability initiatives are aligned with the National Strategy for Financial Capability.
- We work with Te Rūnanga o Ngāi Tahu on a range of financial education initiatives designed to increase financial capability through financial education.
Some of our mahi in the Financial Capability space includes:
-Encouraging savings Working Group – Te Ara Ahunga Ora Retirement Commission
-De-jargoning Money Glossary – Te Ara Ahunga Ora Retirement Commission
Some of our Financial Capability Initiatives: