Retirement Commissioner Diana Crossan will be stepping down from her role as head of the Commission for Financial Literacy and Retirement Income in January.
Crossan, a vocal advocate for raising the age of eligibility for retirement, has been with the newly renamed Commission for a decade. A successor has not been named yet.
John Body, managing director for ANZ Wealth, applauded Crossan for her contributions toward improving financial literacy in New Zealand and for pushing issues around the long-term sustainability of New Zealand Superannuation.
"The issues she has raised are now at the heart of public policy debate on retirement. The work of the Commission has ensured that people are far more concerned about preparing for their retirement than they were a decade ago,'' said Body.
Body also acknowledged Crossan's support of KiwiSaver as a retirement savings vehicle for New Zealand and her work in general to encourage Kiwis to take greater interest in and responsibility for building individual savings.
"ANZ is proud to have supported the Commissioner in her endeavours through the Financial Literacy Survey, and will continue to work with the Commission to ensure the focus around retirement savings and financial literacy remains at the forefront of the policy debate," he said.