Redundancy looms for retirement staff

Last updated 05:00 11/06/2014

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Seven Wellington staff at the Commission for Financial Literacy and Retirement Income, formerly the Retirement Commission, are being asked to apply for new jobs as it swaps its focus to those on lower incomes living around Auckland.

Since becoming retirement commissioner a year ago, Diane Maxwell has begun shifting the focus by recruiting staff in Auckland.

Yesterday she said seven Wellington-based staff in marketing roles had been told their jobs had been disestablished and while the same number of new jobs would be available, at least two would be based in Auckland.

After the restructure she expected the organisation's staff to be split evenly between Auckland and Wellington.

Maxwell did not know how much the restructure would cost in redundancy payouts.

She said there would be no less focus on the Sorted website, but the commission was seeking a major change in audience.

"We will be increasing our focus on low-income New Zealanders at risk from predatory lending, for whom credit is necessary but expensive, and some of whom become trapped in a form of debt paralysis that impacts their health, family, community and the economy more broadly."

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- The Dominion Post

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