News

The Financial Services Federation is getting behind Money Week 2017 with the “FSF Tip Jar”, a campaign about sharing sense when it comes to money.

Next week, Financial Services Federation Board members will reach into their pockets to share the best money tip they have ever received.
On each day of Money Week 2017 (August 14-20), a tip will be revealed on the Financial Services Federation’s Facebook and Twitter pages.

The tips cover a range of topics, from what to avoid when borrowing money, to savings advice from their parents, (which they wish they had listened to better!).

The Financial Services Federation’s Executive Director, Lyn McMorran, says the theme of Money Week 2017, “What does debt do for you?” is an important question.

“Debt does a lot of different things for different people. For some, the answer to “What does debt do for you” will be that it allows them to study, live in their own home, kickstart their business, and for others it will be more about getting through a tough time.

“What is important is that people have access to resources and advice which helps them to make good decisions about their debt, and initiatives like Money Week are a great way to remind people to think about how they can manage their debt better.”

Follow the FSF Tip Jar at the Financial Services Federation’s Facebook page.

About the Financial Services Federation:

The Financial Services Federation (FSF) is New Zealand’s largest industry organisation representing responsible, non-bank financial institutions. The FSF has strict joining process and takes a “quality over quantity” approach to its membership. The Federation currently has 56 members, all of which are subject to a Code of Conduct which ensures its reputation as the setter of industry standards in responsible lending. FSF members take their compliance obligations very seriously, and support quality regulation.
In 2009, FSF released the Responsible Lending Guidelines to inform consumers about what they should expect from a lender when borrowing money. The Federation also joined forces with New Zealand Federation of Family Budgeting Services to develop the Code of Responsible Borrowing to inform consumers of what they need to know and their obligations when borrowing.

For all media enquiries, image and interview requests, please contact Hannah McKee, at hmckee@fsf.org.nz.