A guide developed by the public and private sector aimed at improving education for investors is set to be released.
The Commission for Financial Literacy and Retirement Income and the Financial Markets Authority have been working with the finance sector to develop the guidance note, or a set of core principles for investors.
Their collaboration is a move to help people better understand the process of investing money.
Interim Retirement Commissioner Diane Maxwell said the principles are ones that the public-private partnership came to a common agreement on and include areas such as diversification, asset allocation and compounding income.
She said people are making daily choices about what to do with their life savings and there are some core principles that they should be aware of.
Ms Maxwell said the guide does not replace people getting good advice.
She says the relationship with the private sector is key.
"We've engaged with the private sector so that we can tap into their understanding of the market, and their day-to-day experiences of the market and tap into their resources also and the daily conversations they're having with people."
Ms Maxwell said the taskforce now needs to pool its resources and drive some strong education programmes in New Zealand.
