AM Edition: Here are the top 10 business articles on LiveNews.co.nz for April 15, 2026 – Full Text
Paid work by over-65s worth nearly $9 billion a year – study
April 15, 2026
Source: Radio New Zealand
The number of older people in work is projected to be 477,800 by 2074 (file image). 123rf
Older New Zealanders are contributing to a structural economic shift through increased work, tax, and spending, according to a new economic study.
The report from the New Zealand Institute of Economic Research found population ageing was happening faster than expected.
NZIER’s latest Business of Ageing report for the Office for Seniors used official population and labour force projections to track the economic contribution of people aged 65 and over.
It found people aged 65 and over made up a larger share of the workforce than at any point since the Business of Ageing series began in 2011, with their paid work valued at nearly $9 billion a year.
Self-employment income was reported to be worth around $5b.
The number of older people in work was projected to increase from 217,400 in 2024 to 477,800 by 2074.
Earnings from paid work was projected to rise from $8.7b to $50.2b by 2074, but more than half of this ($29.3b) was expected to come from self-employed income.
More people were relying on accumulated assets, which was set to rise from $14.2b to $104.7b.
Older people’s tax contributions were also set to rise sharply, as both incomes and population numbers increased, and their consumer spending was projected to grow from $54.7b to $357.7b.
“These projections show that population ageing represents long-term structural economic change, with effects that go well beyond fiscal settings, shaping labour markets, household incomes, spending patterns, and community life,” the report said.
“Understanding this shift will be essential for sound policy, business decision-making, and long-term planning in the decades ahead.”
However, the report also found the value of unpaid activity (such as caregiving, volunteering, and household work) exceeded $20b a year, and unpaid work was predicted to reach between $121b and $138b by 2074.
NZIER acknowledged its modelling sought to value the income of the older workforce, but not issues affecting potential or performance.
It pointed to existing reports around physical and mental wellbeing, issues around succession, retirement, and ageism, and reports that suggested a growing number of senior entrepreneurs would shift the value of remuneration towards the self-employed.
Minister for Seniors Casey Costello. RNZ / Samuel Rillstone
Minister for Seniors Casey Costello said the report quantified in economic terms how big the contribution of seniors was.
“Older people are also contributing through taxes, spending and investment, and importantly, through unpaid work that often goes unrecognised. That work is not just economically valuable – it strengthens our social fabric, supporting families and sustaining community organisations and services.”
Costello said understanding how ageing was reshaping the economy meant governments could make better decisions on how to support them to continue to contribute.
“A key takeout is that New Zealand needs to think a lot differently about the older workforce and how to utilise its skills and provide opportunities for the increasing numbers of over-65s who will be in work,” she said.
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
LiveNews: https://livenews.co.nz/2026/04/15/paid-work-by-over-65s-worth-nearly-9-billion-a-year-study/
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THE COLLECTIVE by JustCo Opens in Bengaluru, Strengthening Luxury Workspace Presence in India
April 15, 2026
Source: Media Outreach
BENGALURU, INDIA – Media OutReach Newswire – 15 April 2026 – THE COLLECTIVE, the hospitality-led luxury flexible workspace brand by JustCo, announces the opening of its newest centre at Helios Business Park this April. This marks its second location in India, following the successful launch of THE COLLECTIVE at DLF Cyberpark, Gurugram, and reinforces its commitment to delivering high-quality, design-forward work environments across the region. The brand is also set to open its third Indian location in Mumbai later this year, further accelerating its growth.
Located within one of Bengaluru (Bangalore)’s established business districts, THE COLLECTIVE at Helios Business Park introduces a refined approach to flexible workspaces, where hospitality, design and functionality come together to support modern enterprises.
A timely entry into a rapidly expanding market
THE COLLECTIVE’s expansion aligns with India’s dynamic workspace sector. As one of the largest flexible office markets in Asia Pacific, India boasts an estimated 70-80 million sq ft of flexible workspace, projected to surpass 100 million sq ft by 2026. The flexible workspace segment is anticipated to grow at over 12-15% annually, potentially reaching USD 4-5 billion by 2026.
This growth is fuelled by the widespread adoption of hybrid work models among enterprises, leading to a significant demand for scalable office solutions. Flexible workspaces are becoming integral to corporate real estate strategies, capturing an increasing share of office leasing across the country.
Elevating the workspace experience
THE COLLECTIVE at Helios Business Park offers a reimagined workspace that emphasises experience and belonging, designed to inspire talent and foster culture.
Key features include:
- Thoughtfully designed work environments, from coworking spaces to private offices, that support both focus and collaboration.
- Hospitality-inspired shared spaces and service-led touchpoints.
- Thoughtful daily rituals, from morning Blue Tokai coffee and Makaibari tea to an Evening Interlude session.
- Workstations with Herman Miller seating, height-adjustable desks, and enterprise-ready infrastructure in a Grade-A business setting.
More than an office, THE COLLECTIVE serves as an extension of a company’s identity, leaving a lasting impression on teams and clients.
A botanical expression of modern work
Inspired by Bengaluru’s renowned Lalbagh Botanical Garden, THE COLLECTIVE at Helios Business Park embodies a contemporary greenhouse aesthetic.
Design highlights:
- Natural light and materials: Oak, stone, and greenery create an environment that enhances focus and balance.
- Biophilic elements: Thoughtfully integrated to boost wellbeing, productivity, and creativity.
This design approach transforms the workspace into a reflection of a company’s identity, providing an elevated sense of comfort and purpose.
A strong foothold in the luxury workspace segment
As India’s flexible workspace market matures, demand is shifting towards quality and experience. THE COLLECTIVE is committed to delivering refined, design-forward workspaces for businesses seeking more than just an office.
“We are seeing continued demand from businesses for workspaces that go beyond functionality to support culture, talent and brand experience,” said Kong Wan Long, Chief Commercial Officer of JustCo. “THE COLLECTIVE is designed to meet that need through a hospitality-led environment that combines design, service and flexibility.”
This opening also reflects JustCo’s broader regional growth momentum. The company has recently launched new centres in Singapore and Taipei, with confirmed openings in Kuala Lumpur, Manila, Seoul, Tokyo, and Yokohama throughout the rest of 2026, underscoring its ambition to build a leading pan-Asian platform for flexible work.
With continued expansion across key cities, THE COLLECTIVE is well-positioned to establish a strong presence in India’s luxury workspace segment, offering a thoughtful and experience-led ap
Hashtag: #JustCo
The issuer is solely responsible for the content of this announcement.
– Published and distributed with permission of Media-Outreach.com.
LiveNews: https://livenews.co.nz/2026/04/15/the-collective-by-justco-opens-in-bengaluru-strengthening-luxury-workspace-presence-in-india/
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