Tertiary
The provision of personal financial education to students in the tertiary education sector is seen as essential.
This group contains a high proportion of young adults who will be starting significant involvement in commercial activities – accommodation rental, student loans, banking transactions including credit cards, telecommunication contracts and equipment purchases, to name the major ones. Poor financial decisions at this time could lead to substantial financial burdens in the future.
Improving the financial literacy of tertiary students and the workforce through industry training will contribute to productivity through:
- enhanced workforce stability and the security gained from better personal financial management
- greater worker understanding of the financial positions of their enterprise
- greater worker confidence and self sufficiency.
The Retirement Commission is working with the Industry Training Federation and public and private education providers to make financial education opportunities available to tertiary students. Resources are being designed within NZQA Framework Level 1-3 qualifications. As universities do not offer NZQA qualifications, opportunities for their students are limited to working through support services.
The Retirement Commission, Industry Training Federation, Council of Trade Unions and Business NZ are keen to ensure that training resources developed are suitable for the needs of adult learners in all industry contexts. We as a group are also keen to add to hard copy resources with web-based training.
For more information contact Lester Taylor at lester.taylor@retirement.org.nz.
