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Many retirees have a million-dollar asset thanks to the property boom but little cash to enjoy their retirement. Now some are selling their home and hitting...
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The Commerce Commission has investigated and written to 12 retirement village owner-operators with more than 180 villages after Consumer NZ complained about...
Retirement village operators will be put under financial pressure if they are forced to pay money owed to departing or deceased residents quickly, according to their industry group.
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"We’re very pleased with this as a starting point as well as the tenor of the proposals."
The government has proposed changes to the Retirement Villages Act for the first time in 20 years.