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Retirement village regulations need overhaul: Consumer NZ 1 Feb, 2021 06:15 PM 5 minutes to read Consumer NZ wants an overhaul of the multi-billion dollar retirement village sector and its regulations to protect around 45,000 residents from unfair terms. Jon Duffy, chief executive at Consumer NZ, said a review of contracts found terms which unfairly favoured villages and risked costing residents money. "Retirement villages promise the good life in your golden years. However, the agreements consumers must sign before they move into a village can have a nasty financial sting. Some also risk bre...