Waikato University is to be part of a government and private sector initiative to boost Maori saving and financial literacy.
The National Centre of Literacy and Numeracy for Adults, Tukua Kia Rere, at the University of Waikato will join several interested organisations to help create plans and strategies and to complement existing work in designing Maori-specific savings schemes and delivering financial education programmes to Maori.
The group was established in response to the Maori economic development strategy and action plan released by the Maori Economic Development Panel.
The plan identifies Maori saving and financial literacy as a priority work stream.
The initiative will be led by the Commission for Financial Literacy and Retirement Income and headed by Phil Broughton, project manager for Maori financial literacy at the commission.