Back to Blog

$38,000,000

In 2019, our clients received over $38,000,000 in insurance claims payments. At Apex, we’re on a mission to help Kiwis make better calls. After all, that’s what good advice is all about. Our job is to ensure we’ve got the right solutions in place at precisely the right time for your life. Ensuring you’re correctly financed, fully protected and saving enough for the future. Insurance is at the core of what we do. We understand that insurance can sometime be a grudge purchase – as client...

February 17, 2020

7 tips to be your best financial self in 2020

Most of us will start the new year by setting up resolutions or intentions for the year ahead. Although our aspirations might not be directly money related, financial stability and success helps us achieve our dreams – and live without stress. If becoming your best financial self is on your radar, here are some simple tips to get you on the right track. It’s always best to start with little steps by making better daily choices which will snowball over time. 1.     &n...

February 10, 2020

Start-Up Business Income Protection

It’s hard work getting a new business off the ground, but the rewards of self-employment are well worth the effort. One way to ensure the long-term success of your business is to protect it in case you become sick or injured. Start-up business income protection is designed specifically for newly-opened businesses and businesses less than three years old to help their owners plan for the unexpected.You’ve put a lot of time, money and other resources into starting and building your new busines...

February 7, 2020

Which income protection insurance is right for me?

This is a question that we get asked a lot, for good reason. It can be confusing to work out which policy is best for you and even more confusing to read through all the fine print that income protection insurance policies often consist of. Most income insurance policies in New Zealand fall into two categories - Indemnity or Agreed value. Agreed Value: Based on your income when you applyIndemnity Value: Based on your income at claim time Our advisers can help you work out which i...

January 30, 2020

Is your credit card recovering from the holiday period?

How much of that money you overspent over the holiday period went to your credit card?  Data from research and comparison site Finder showed New Zealanders are now using their cards to process $4 billion of purchases a month. Reserve Bank data shows that New Zealanders were carrying $7.37b in credit card debt in December 2019, and we can only imagine that spending went up in the December/January holiday period. This is not a pretty picture.  Using your credit card and not paying your b...

January 14, 2020

Apex office holiday hours

Our office will be closed this holiday season from December 21st to January 13th 2020. If your request is urgent, please call your insurance, mortgage or investment provider directly: AIA, AMP, Asteron, Consilium, Fidelity, Partners Life, Sovereign, Select Wealth Management, Synergy You can contact your adviser – visit Our People page for more information.You can also call the office on 0800 809 009 and leave a message, or email us on advi...

December 16, 2019

Credit score: what’s your magic number?

Have you ever checked your credit score? If you have at any stage applied for a personal loan, a mortgage or a hire purchase, rest assured someone has looked at your ‘magic’ number. Even utility companies, landlords and employers might look at your credit score before engaging with you. This score might affect more areas than you think. This is how the credit score works. Bank, insurers and businesses like Vodafone or Spark feed information to big credit reporting bureaus. The bureaus calcul...

November 22, 2019

Apex's top 10 money tips for the silly season

The end of the year often brings about a mixed bag of emotions. According to the Commission for Financial Capability (CFFC), a government-funded organisation helping New Zealanders get ahead financially, one in four Kiwis felt pressure from their family or community to spend more on Christmas than they would like to. Being in the financial services sector, we firmly believe that a great Christmas doesn’t mean breaking the bank, so we reached out to our fellow colleagues for some Christmas mone...

November 12, 2019

Rules for a smarter mortgage

We first published an article similar to this one in 2017, but these rules are still very relevant today. With interest rates at an all-time low, the best thing you can do is take this opportunity to reduce your debt in a smarter way. So here are our top rules for a smarter mortgage. Have a strategy Our home is often our most valuable asset, so it certainly makes sense to keep our home loan in check. Having a plan around repayment time frames and amounts, loan terms, forecasted life events and p...

November 5, 2019

What you need to know about KiwiSaver Tax

We understand that talking about taxes can be less than interesting. But understanding how your investments are taxed means that you get to maximise the money you are investing. This also applies to the 2.99 million KiwiSaver members in New Zealand. This year, the IRD send out letter to over 120,000 Kiwis telling them they had been paying the wrong tax. Did you know that you are not entitled to a refund if you have been paying a higher tax rate? Read on to understand what it all means and how to...

October 18, 2019

Are your children really protected?

One of the biggest reasons we take out insurance cover is to protect our loved ones. We want to make sure that if anything happens to us and we are unable to work and earn an income, there would still be food in the table and bills would be paid. But what would happen if your children got seriously ill? Most parent would want to take time off to be with their children - and 5 days of annual leave might not cover it. If you wanted to stop working, could you afford it?...

October 10, 2019

How ethical is your KiwiSaver investment?

In 2016, KiwiSaver funds stopped investing in nuclear weapons and cluster bombs. This is a great step in the right direction, but it got us thinking about the other types of shares our funds invest in. It seems like the two approaches are to either: 1. Not invest in bad stuff (negative screen) or 2. Proactively invest in good stuff (positive screen) Most funds in NZ screen out cluster munitions, anti-personnel mines, chemical weapons, nuclear weapons, whaling and the manufacture of tobacco....

September 25, 2019

3 questions to ask when re-fixing your mortgage rate

Low mortgage rates are all over the news at the moment. We are experiencing the lowest rates we've seen in a long time. Some economist predict that the Official Cash Rate (OCR) could go down even further, which might push mortgage rates further down. In this environment, a lot of our clients are thinking about re-fixing their mortgage. If your rates are coming up for re-fixing, here are 3 questions to ask yourself. Take this opportunity to think about your mortgage and what could work better for...

September 10, 2019

Are you right for your KiwiSaver investment or is your KiwiSaver investment right for you?

1. You didn’t: you were allocated a default provider by the IRD If you do not choose your own provider, the IRD randomly allocates you to a default provider and they will automatically invest your money into a low performing default fund. They will also put you on the highest tax rate and simply wait for you to make a choice as to what you want to do.2a. You did: the bank teller signed you upThe bank staff can only provide advice on the funds their bank manages and a lot of the time they don...

September 2, 2019

Financially Independent Retire Early – F.I.R.E by Hannah McQueen

As clients of Apex we would like to extend an offer for tickets to Hannah McQueen’s ‘Financially Independent Retire Early – F.I.R.E’ nationwide seminar series. In the words of Hannah herself – “I can’t think of too many things more frustrating than working harder, but not getting ahead any faster. If you’re going to work harder – you want it to be worth it.” So if you’re busting a gut but still staring down the barrel of decades tied to the bank, it’s time to ‘Set FIRE ...

August 22, 2019

Is improving your health and wellbeing important to you? Join the AIA Vitality revolution!

AIA Vitality is an award-winning health and wellbeing program exclusive to AIA clients, just launched by AIA to the New Zealand market. AIA Vitality’s proven approach takes you on a journey to better health – where you get to know your health, improve it and enjoy the rewards for doing so. Here’s how it works After joining, you earn AIA Vitality points by learning about and improving your current state of health in areas such as nutrition, exercise and mental wellbeing. The more points you...

August 5, 2019

How small business owners can manage stress

If you are just starting out as a business owner, and have work/life imbalance, you’re not alone. A recent survey commissioned by Prospa found that nearly half (49%) of small business owners in New Zealand are working between six and seven days a week on their business, with one in five (20%) working seven days. The vast majority (88%) of those surveyed also feel they miss out on quality time with their family because they’re distracted by their business, with four in five – 81% –&n...

August 1, 2019

7 tips to make up for a sluggish start on retirement savings

Do you know how much money you will need for retirement?  Recent analysis by the Westpac Massey University Fin-Ed Centre, revealed that a couple wanting to live in a major city and have a comfortable retirement would need to save a lump sum of $785,000 at retirement - and have a mortgage free home. This figure can certainly be intimidating if you have very little money saved. We are lucky to have NZ Superannuation when we turn 65, but this is only $411 per week. Do you think you can afford ...

July 22, 2019

5 tips to get the most out of your KiwiSaver savings

For most New Zealanders, KiwiSaver will be their first introduction to investment. It’s a great tool to save for your retirement and it can also help you get into your first home. However, as with any investment, there are things you can do to make your money work harder for you. It’s about how and where you invest, about the tax rate you pay and about making sure you benefit from what the Government is offering to KiwiSaver members. With over 2.8 million Kiwis in KiwiSaver, it doesn’t mat...

July 10, 2019

Is your KiwiSaver account in the wrong place?

We come across many KiwiSaver members that don't know how much money they have in their fund or who is looking after their money.  Choosing the right fund for where you are in life is very important. Maybe you want to withdraw for a house or set yourself up for retirement. These goals affect which fund you should keep your money in. Things like making sure you are getting the annual Government Contribution and paying the correct tax rate help you maximise your KiwiSaver nestegg. Take a...

July 4, 2019

This is Kate's story

Plenty of New Zealanders regularly question whether they should keep paying their insurance premiums. We understand it gets hard at times to manage the cost. But we know first hand the difference insurance can make. Kate’s[1] story is a testament to that. Kate and her husband took out life cover and trauma cover back in 2009. From the start they were great believers in insurance and how important it was to protect their family. And insurance did change their lives. 5 years after putting their ...

July 1, 2019

Why do insurance premiums go up and what can you do

We understand when our clients get frustrated when their premiums increase. Although we have no control on how or when insurance companies review their premiums, we can help you understand why and think of options if the cost becomes hard to manage. Why do premiums increase? For most insurance policies, premiums are calculated based on age, gender and smoking status. These all influence your likelihood of making a claim. From the insurers point of view the younger you are the chea...

June 18, 2019

Kiwis gamble on financial risk: New research launched by the Financial Services Council

New research commissioned by the Financial Services Council (FSC) has revealed many New Zealanders are taking a high stakes gamble on managing risk. The research ‘Risking Everything’ carried out by Horizon Research looked at New Zealanders attitudes to financial risk and how they protect their wealth should the worst happen. Over 2,000 Kiwis were interviewed. “Risking Everything found that although most Kiwis are aware of their financial risks, they aren’t doing much about it”, said Ri...

June 12, 2019

KiwiSaver members: don't miss out on the $521 Government Contribution

Will you be getting a $521 top up to your KiwiSaver account? KiwiSaver members are eligible for a Government Contribution each year, formerly known as Member Tax Credit. Basically, for every dollar you put into your KiwiSaver account, the Government puts in 50c, up to a maximum of $521.43. You must contribute $1,042.86 annually to qualify for the maximum payment of $521.43. If you have been contributing for at least one year through your employer at the 3% rate and you earn over $34,766 per annu...

May 20, 2019

KiwiSaver changes in 2019 and what they mean for you

Important changes were made to KiwiSaver recently. These developments, to be implemented in three stages, will give more people a chance to join KiwiSaver and will also provide greater flexibility on how we manage our funds. Here’s what you need to know. More contribution options Two new contribution rates have been added – 6% and 10%. KiwiSaver members can now choose to contribute 3%, 4%, 6%, 8% or 10% from their wages. These options give you greater flexibility over your savings. If you ar...

May 6, 2019 Posts 1-25 of 237 | Page next
 

This product has been added to your cart

CHECKOUT