At Whai Rawa improving and increasing understanding of financial capability and literacy is a key objective in Whai Rawa's 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 FY19 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
• The Commission for Financial Capability (CFFC)
• 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 broader New Zealand Financial Literacy Strategy and the Financial Literacy Strategy for Māori.
- We're currently working with Te Rūnanga o Ngāi Tahu on a range of financial education initiatives designed to increase financial capability through financial education.
Retirement Aspirations Research
In 2017, we surveyed members of Ngāi Tahu to assess their views on a range of savings issues. Please note that the survey results simply provide a snapshot of members’ attitudes in 2017. The research was undertaken on behalf of Ngāi Tahu by Christchurch-based research house, Research First Limited.