Retirement village watchdog calls for clarity on rules, costs

Retirement village watchdog calls for clarity on rules, costs
Rebecca Howard
By Rebecca Howard July 11 (BusinessDesk) - New Zealand’s government retirement village watchdog says there needs to be more clarity regarding the rules and costs of moving from independent living to rest home-type care facilities on the same site. According to the Commission for Financial Capabilities, retirement villages are increasingly providing a continuum from independent villas through serviced apartments to the provision of residential care including rest home, hospital and dementia care. More than 70 percent of villages now hav...

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