As the voice of the sector, the Financial Services Council is a non-profit member organisation with a vision to grow the financial confidence and wellbeing of New Zealanders.
FSC members commit to delivering strong consumer outcomes from a professional and sustainable financial services sector. Our 99 members manage funds of more than $95bn and pay out claims of $2.8bn per year (life and health insurance).
Members include the major insurers in life, health, disability and income insurance, fund managers, KiwiSaver and workplace savings schemes (including restricted schemes), professional service providers, and technology providers to the financial services sector.
The Financial Services Council conducted research in 2020 that showed there's a connection between money and our wellbeing. Our most recent 2021 research into wellbeing shows Kiwis are still underprepared for personal financial shocks. This is partly because we lack a good understanding of the language of money.
Money, when it is used wisely, can help us lead happier lives, support our friends and whānau, and help us in an emergency.
Conversations about our finances begin in our schools, homes and communities. That is why we came up with the Money Matters Competition.
We wanted to foster conversations about money in schools, families and communities around the country. Because the more we start talking about it, the better off we’ll all be.
WHY ARE WE RUNNING THE WHY DOES MONEY MATTER? COMPETITION?
WHAT IS THE WHY DOES MONEY MATTER? COMPETITION?
The competition asked schools and students to submit a 3 minute video that answered the question: Why Does Money Matter?
How they answered this question was up to them. They could perform a song or dance, make a short film, interview someone they knew, or make a Tik Tok. The main thing we were looking for was a story about why money matters.