top of page

Retirement Commission Report Summary 2024

Retirement Commission Report Summary 2024

Recently the Aged Care Commissioner released their: “Amplifying the voices of older people across Aotearoa New Zealand” report, here are some key findings summarised. 


As we are all aware, the population of older people in New Zealand is growing rapidly. Projections indicate that by the year 2040, there will be 1.3 million people over the age of 65, this number growing to 1.5 million in 2050. 


As demographic’s change, the population of older people will diversify, with projections indicating that by 2043, 75% will be Pākehā (New Zealand European), 11% will be Māori, 15% will be Asian, 5% will be Pacific, and 1% will be Middle Eastern, Latin American, and African. ​ 


The number of disabled older people is also expected to increase as the population ages, with 35% of New Zealand's population identifying as disabled. ​Regional data shows higher percentages of disabled older people in regions outside of the major cities. ​ 


Health and disability services for older people are a major focus of the report. Key issues include the lack of a dedicated strategy and planning for the health needs of an aging population, challenges in transitions of care from hospital to home and community support services, and the need for cultural sensitivity is a more diverse demographic. ​ 


In terms of this targeted strategy, to ensure quality health and disability services for older people, the commissioner suggests better discharge planning from hospitals, support for culturally conscious communication and investment in the aged care workforce. 


The report looks at investment broadly, noting the importance of investing in innovative primary and community care models, supporting preventative interventions for dementia, and ensuring access to reliable, quality home and community support services.  


Read the full report here:

https://www.retirementvillages.org.nz/Site/newsletter/2024_newsletters/2024-03-19/article-1.aspx?EMAIL=304D776C50467539774C50497A666D4C696579764B773D3D

Group 893.webp
Group 894.webp
Group 895.webp

When investing, past performance is no guarantee of future performance. A minimum subscription of $1,000 applies. Applications will only be received on the application form supplied with the Product Disclosure Statement (PDS).

 

Please read the PDS before investing. Note that the definition of "Retirement Village" used in the PDS is wider than a village which is registered under the Retirement Villages Act and includes other types of residential accommodation for persons above a defined age. The latest information about our current loans is set out in the ‘Table of Loans’ document on the Disclose Register.

Our distribution policy is set at the discretion of the directors and is not a fixed rate of return. Payment of distributions is not guaranteed. We recommend you seek financial advice relevant to your circumstances.

SENIOR TRUST RETIREMENT VILLAGE INCOME GENERATOR LIMITED

Registered Office:

Level 1, 20 Beaumont Street, Freemans Bay, Auckland, 1010

Postal Address:

The Directors, PO Box 113120, Newmarket, Auckland, 1149

Copyright © Senior Trust. All rights reserved.

bottom of page