Com­mis­sion of­fers vil­lage info

The Tribune (NZ) - - FRONT PAGE -

Re­tire­ment will even­tu­ally af­fect most of us. 650,000 New Zealan­ders are cur­rently over 65, and ac­cord­ing to the Com­mis­sion for Fi­nan­cial Ca­pa­bil­ity’s Troy Chur­ton, re­tire­ment vil­lage pop­u­la­tions are set to dou­ble over the next 25 years.

At present some 12 per cent of our over 75s are res­i­dents of one.

‘‘That’s up 10 per cent on the fig­ures from just a few years ago.’’

That means there are plenty of peo­ple who will be con­sid­er­ing a move in the near to mid fu­ture.

From the Of­fice of the Re­tire­ment Com­mis­sioner, Troy is fronting a na­tional road­show on re­tire­ment vil­lages that ar­rives in Palmer­ston North on Novem­ber 11. The free 90-minute sem­i­nar is for any­one who is con­sid­er­ing a re­tire­ment vil­lage as a life­style op­tion.

‘‘We want to help in­tend­ing res­i­dents and mem­bers of their fam­i­lies, and any other in­ter­ested peo­ple, make bet­ter de­ci­sions about their well­be­ing. The sem­i­nar takes into ac­count per­sonal cir­cum­stances as well as mak­ing them aware of the fi­nan­cial con­se­quences.’’

Of­fer­ing a ‘‘holis­tic’’ over­view of the pro­cesses in­volved, the sem­i­nar is to help peo­ple do ‘‘due dili­gence’’ on any re­tire­ment vil­lage op­tions.

‘‘We are not pro­mot­ing re­tire­ment vil­lages; we are recog­nis­ing that they are among the op­tions avail­able to peo­ple.’’

Ac­com­pa­nied by an ex­ec­u­tive of the Re­tire­ment Vil­lages As­so­ci­a­tion and a prac­ti­tioner from the lo­cal Law So­ci­ety, Troy says the road­show, which has been to 15 cen­tres around the coun­try, has been ‘‘over­whelm­ingly well re­ceived’’ by at­ten­dees.

‘‘They have ap­pre­ci­ated the neu­tral and ob­jec­tive in­for­ma­tion pro­vided about the per­sonal, le­gal and fi­nan­cial de­ci­sions along with other is­sues in­volved in re­tire­ment vil­lage liv­ing.

The sem­i­nars have also been well at­tended.

‘‘We aim to be a trusted source of ob­jec­tive in­for­ma­tion and the re­sponse shows there is a clear de­mand for this sort of pre­sen­ta­tion,’’ Troy says. ‘‘We are un­likely to be back in Palmer­ston North for some time, so this is a big op­por­tu­nity for peo­ple to at­tend, learn and ask ques­tions.’’

Held in the Palmer­ston North Bridge Club rooms, reg­is­tra­tions for the 12.30pm Wed­nes­day Novem­ber 11 sem­i­nar which in­cludes light re­fresh­ments, are es­sen­tial ei­ther by call­ing 0800 268 269, or on-line at: http://www.cffc.org.nz/re­tire­ment/ re­tire­ment-vil­lages/

PHOTO: FAIR­FAX NZ

Re­tire­ment vil­lages will be pop­ping up like mush­rooms as our age­ing pop­u­la­tion grows.

Troy Chur­ton of the Com­mis­sion for Fi­nan­cial Ca­pa­bil­ity ad­dresses a sem­i­nar on re­tire­ment vil­lages on Novem­ber 11.

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