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Who should own your insurance policy?

The main reason why people take out life insurance is to protect their loved ones in case of their death. Life insurance can provide financial protection for your family, paying for children's education, your mortgage or debt, and providing a security if you are the main income earner. Business owners also take out life insurance to cover the death of a key person in the business or to be used as funding for a buy/sell agreement. When taking out insurance, or at the time of your yearly review,...

October 8, 2020

What should I do with my Bonus Bonds?

The well-known kiwi investment scheme Bonus Bonds is winding up. If you have Bonus Bonds you are probably wondering what you should be doing with that money. There are a few options available to you, but it all depends on your personal circumstances.Watch this video to find out how to check whether you have Bonus Bonds, and what should you do if you have them....

September 29, 2020

Money & You - Financial Advice? The $1.5 Million Question

New research commissioned by the Financial Services Council has found that New Zealanders’ reluctance to seek financial advice is coming at a significant financial and personal cost. Below is the press release from the Financial Services Council, that can also be found here. “Money and You found that New Zealanders who do get advice save more, invest more, travel more and overall have improved wellbeing. On average, financial returns for Kiwis that get professional advice are 4% better ...

September 22, 2020

The difference between your adviser and the product provider

This video explains how the relationship between the client, the financial adviser, and the product provider works.Financial products, like insurance, mortgages, or investments are a solution to a problem. It’s important to go through the advice process so you can understand where your financial weaknesses lie and find a solution to your particular problem. Understanding the myriad of financial products in the market and the different product providers available is complicated. That’s why i...

September 8, 2020

The importance of reviewing your financial plans

How's your financial life going? We firmly believe that your financial plans should not be "set and forget". You don't want to be a passenger, you want to be in control of your financial health. We recommend taking 2 hours of your time each year to re-visit your financial plans. Think about what has changed and how all the pieces of your financial health puzzle work together. One piece of your financial health affects the others. For example, if you paid down your mortgage you might not need the...

August 25, 2020

This is Cecilia’s story

We know insurance premiums are a significant expense for most Kiwis. Most premiums would go up as we get older, that's just how insurance works. But we also know how important it is to be covered. When our clients are facing affordability issues, we always encourage them to speak to an adviser before making any decisions. When our clients Cecilia called her adviser at Apex Tauranga, after receiving a premium increase notice from her insurance company AIA, she wasn’t expecting that phone conver...

August 10, 2020

Property market: time to test the waters?

Post the March-April lockdown, the housing market was showing solid resilience. Though things might feel uncertain at this time, with New Zealand moving back to Level 2 and Level 3 restrictions, commentators say the housing market is still looking strong. The combination of the lowest interest rates we’ve seen, and LVR / deposit restrictions being removed has certainly created a lot of activity for our team. We are fielding a lot of enquiries from clients wondering whether they should make the...

August 3, 2020

Retirement countdown: how to strengthen your retirement plan

Has lockdown got you thinking about your long-term goals? Is retiring one of them? It’s never too early to start planning for retirement. If you don’t have a retirement plan, now is the time to take action. No matter what your financial state is today, there is still room to supercharge your savings and enjoy the retirement you want. We’ve put together this 10-year countdown towards retirement, and what you should do each year. Although we start our countdown at 10 years, these practical ...

July 29, 2020

Separation and your insurance

Separating from your partner can be a stressful process. To help you manage during this challenging time, we've put together a list of things to consider when it comes to your financial plans. ...

July 1, 2020

To break or not to break?

Who would have thought that mortgage interest rates could go down as low as they have? Most of the main banks are now offering fixed interest rates at less than 3% and a lot of our clients are asking us whether it's a good idea to break their current fixed term loan and re-fixing at a lower rate. In this video, Gavin Greaves, explains what does breaking a loan mean, why mortgage holders could be charged a break fee and whether it could be a good idea to break and re-fix. The bottom line is that ...

June 11, 2020

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

KiwiSaver members are eligible for a Government Contribution each year. 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. Contributions are calculated from July 1st until June 30th. The money is paid into your KiwiSaver account in late July or August. Not quite sure if you have contributed enough? Use our handy calculator. If you h...

June 4, 2020

Every cloud has a silver lining

With the number of new Covid-19 cases in the low single digits, there is a sense of optimism in the air. Our feet seemed lighter, the days seemed brighter, and the future seemed more manageable. Whether your finances have taken a hit due to recent events or whether you are in a recession proof business, now is the time to take control of your financial health. Here are some opportunities you can look into....

May 13, 2020

Covid-19: An opportunity for first-home buyers?

To buy or not to buy? That’s the big question for first-home buyers in this environment. The property market, as with everything else, has been affected by the global Covid-19 pandemic and New Zealand’s lock-down period. But these uncertain times may provide an opportunity to enter the property market. Read on to find out why....

May 12, 2020

No emergency fund? It's not too late

Hindsight is great, isn’t it? If we knew a year ago what 2020 was going to look like, we would have all saved up and built a nice emergency fund to navigate these unprecedent times. Although it’s hard to predict what will happen in the coming months, general consensus is that we are looking at an economic recession that will affect all New Zealanders. When recession hits and the unemployment rate goes up, it’s important to have an emergency fund we can rely on. You’re not alone If you do...

May 11, 2020

Should I increase my KiwiSaver contributions?

“Be fearful when others are greedy and greedy when others are fearful” - Warren Buffett The Covid-19 pandemic caused the share market to plummet. And although things are looking more positive now, the market is still, essentially, at a discount. Astute investors are wondering if they should be increasing their contributions to KiwiSaver or investment....

May 7, 2020

To buy or not to buy? An update for first-home buyers

If you were thinking about purchasing your first home before New Zealand went into lock-down, you are probably wondering if now is a good time to enter the market. As always, there are a number of factors you need to consider. Have a look at this video to find out where you stand and what you need to be thinking about....

April 30, 2020

Do you have insurance? Understand your options

If you have insurance and you are foreseeing financial hardship ahead, it's good to understand what options are available to you. The good news is that all insurance providers have come to the party and are offering premium suspensions to their clients financially affected by Covid-19. But be aware that suspensions come at a cost. It's important to understand your financial position and what's being offered by the provider you are with. If you have questions, please get in touch....

April 23, 2020

Your KiwiSaver balance is not cash in the bank

A lot of our clients have access to their KiwiSaver investment with their internet banking - they can see the cash value every time they login to their account. But it's important to understand that KiwiSaver is very different to having cash in the bank, it's a long-term investment. For a lot of KiwiSaver members, the current market downturn caused by the Covid-19 pandemic will be their first. The market has experienced 11 very good years. Though it's understandable to feel worried, Gavin Greave...

April 15, 2020

It's ok to look away

A few curious professors decided to run an experiment. The fact that two of them later became Nobel Prize winners… well, that probably has a bit to do with the outcome.  The experiment was simple. They told volunteer students that they were the portfolio manager of the Berkeley Endowment and they had two investment options. The first was riskier but had higher returns. The other was a safer investment option with lower returns. The students could initially select and then modify thei...

April 14, 2020

Update for KiwiSaver investors

If you are a KiwiSaver investor it's only natural that you are a little nervous about how the markets are behaving at the moment. We know a lot of our clients are contacting us with questions about what they should be doing. We've put together this quick video to go over some key points: Understand your investment time frame and what the money is forUnderstand your risk profileGet expert advice before making any changesGot any questions? We're here to help....

April 9, 2020

Update for mortgage holders

The Government has announced that mortgage holders are able to take a mortgage payments deferment for up to six months. This is great news if you are struggling financially. But there are other options available too.If you are a mortgage holder and you are thinking about what decisions you need to make, have a look at this quick video....

April 2, 2020

Income Protection, Redundancy cover and Covid-19

A lot of our clients have questions or concerns regarding existing Income Protection insurance policies and Redundancy cover. We've put together a short article on FAQ which we think you might find helpful. What is Income Protection? Income protection insurance provides a monthly income if you are unable to work due to sickness or injury. It safeguards your biggest asset – your ability to earn. Can I claim on my Income Protection if I’m unable to go to work due to COVID-19 lockdown? The sho...

March 30, 2020

Dealing with the investment roller coaster

With New Zealand and the world facing an unprecedented pandemic, and global markets in uncertainty, clients are asking if they should make any changes to their investment plans. Generally, when speaking to clients about how much risk they are prepared to take on and fund choice, when times are great – they will happily look at a fund with a return of 10% +. Inevitably that same fund is likely to have a loss in the future as high growth funds mostly invest in shares. Share prices go up and down...

March 27, 2020

A message to Apex clients

Gavin Greaves, one of the Apex Directors, assures you that we are here for you. Learn some tips to get your financial plans in order at this challenging time. Tips to plan ahead: Look at your spending - especially your non-essential spendingHave a look at your emergency fundReduce short-term debt, like credit card debtYour mortgage might be able to help you get throughPut your hand up - we're here to help you If you need assistance or you have questions, please contact your adviser directly or o...

March 26, 2020

We're here for you

The Government has confirmed that financial services are essential services and will continue to operate when New Zealand moves to Level 4 in its COVID-19 response. We have the right technology in place to make sure we are available for you, whatever your needs might be. All Apex staff are now working from home and we will continue to communicate with you via normal channels such as email, phone or via video conference as required. If you have questions about your policies or want to get advice ...

March 25, 2020 Posts 1-25 of 264 | Page next
 

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