Drop the money jargon urges Retirement Commission
The commission has worked with the financial sector, including regulators, over the last 18 months to develop De-jargoning Money for organisations and institutions working across the finance and insurance sectors to use when explaining personal finance on their websites, in documents, on the front line, and in the media.
Retirement Commissioner Jane Wrightson says standardising industry language, removing jargon, banishing outdated terms, and trying to avoid the many acronyms is critical.
“We know that many terms are not readily understood by New Zealanders and this is a chance to reshape and demystify our customer and consumer-facing language.
“While this is not a legally binding document, the more organisations that adopt it, the better off consumers will be.”
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