Retirement village operators have come under fire from the Commerce Commission for their contract terms.

A dozen retirement operators —including Ryman and Arvida— have been put on notice because their conduct risks breaching the Fair Trading Act.

They run a total of 180 villages across the country.

Consumer NZ chief executive Jon Duffy told Mike Hosking that there's an imbalance of power between facility operators and residents.

He says there are concerns around the advertising that lures people into a village, and unfair clauses in the residents' contracts.

LISTEN ABOVE

Retirement village operators have come under fire from the Commerce Commission for their contract terms. 
A dozen retirement operators —including Ryman and Arvida— have been put on notice because their conduct risks breaching the Fair Trading Act. 
They run a total of 180 villages across the country. 
Consumer NZ chief executive Jon Duffy told Mike Hosking that there's an imbalance of power between facility operators and residents. 
He says there are concerns around the advertising that lures people into a village, and unfair clauses in the residents' contracts. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...