Plenary session 4

Topic: What can we learn from other countries?

Speaker: Diana Crossan, Chief Executive, Wellington Free Ambulance (formerly Retirement Commissioner, New Zealand Commission for Financial Literacy and Retirement Income)

Topic: Review of the New Zealand National Strategy for Financial Literacy

Speaker: David Kneebone, Executive Director, New Zealand Commission for Financial Literacy and Retirement Income

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Illustration of plenary session 4

Plenary session 4

 Illustration by Gavin Blake of Fever Picture

Accessible text version

Diana Crossan

What can we learn from other countries?

In summary:

  • We must evaluate our work and make it available to the public
  • Shared responsibility
  • Leadership and collaboration
  • Life long learning
  • Delivery and promotion
  • Accountability

Country by country:

  • United States: bureaucratic, not enough cross sector engagement
  • United Kingdom: persistance, compulsory education in schools
  • Canada: systematic, will have a task force for 18 months
  • Czech Republic: enshrined in legislation
  • Brazil: focused decision, focus on schools, funding from World Bank
  • Netherlands: co-operation and leadership, Princess as spokesperson
  • New Zealand: multi-sector buy-in, one size doesn't fit all, work with what you've got, get the right people in your tent

David Kneebone

Review of the New Zealand National Strategy for Financial Literacy

We are asking the big questions:

  • Why bother?
  • What are the contributing factors?
  • How relevant are all the various theories?
  • What are the micro and macro-economic outcomes?
  • How to achieve the greatest impact to the most people over the longest time?

Looking for:

  • Funding models to be put forward
  • Recommend regulatory changes
  • Independent review

Right now, all influence and no power - how can the government better meet its obligations?


Last updated: 17 Dec 2015