Retirement village clampdown might sap competition

The retirement sector is coming under the spotlight. (Image: DepositPhotos)

Mon, 15 May 2023

The heightened regulatory scrutiny over the retirement village sector may see a clampdown on some practices, but the cost may be reduced competition if it raises the barriers to entering the market.The Commerce Commission last week confirmed it’s investigating complaints that firms have breached fair trading law, but isn’t saying anything further.Advocacy group Consumer New Zealand lodged its complaint in September 2021, accusing village operators of misrepresenting claims of guaranteed aged care in their advertising, but not in the...

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