Back to Blog

What impact will Covid-19 have on my insurance?

Life in New Zealand will resume some sort of normal once we see the end of the August lockdown. Businesses will slowly gear back up albeit apprehensively. What the impact of this 2021 lockdown will have on the economy is yet to be realised. One thing that may’ve crossed your mind over the past few weeks is what will be the lockdown effect on your insurance. This ever-evolving landscape that we are experiencing with the current pandemic means insurers are always looking at how they can cover p...

September 7, 2021

Why does my bank need to know if I use Uber Eats?!

Have you ever seen the TV program “Eat Well for Less New Zealand”? Often, the people on the show are astonished at the amount they spend on food each week.  Spending can certainly all add up when you consider take-away meals, quick grocery top ups and the occasional brunch out with friends. Well, from December 2021, all lenders will be required to complete a thorough analysis of all your spending when applying for a loan.  This is due to changes in the Credit Contracts and Consume...

September 7, 2021

Kiwis aren’t saving enough for retirement

Do you think it is too early to start thinking about retirement? Are you more of a ‘live in the moment’ sort of a person? Do you see yourself living the life of your dreams in your golden years? Ask anyone who's retired, and they will say to start saving for retirement as soon as you can!  Barometer Money Surveys conducted since 2017 by the Commission for Financial Capability have seen a pattern that New Zealander’s spend without caring about saving enough for the post-retirement year...

September 7, 2021

Accidents happen! It’s a fact of life and a very good reason for Accidental Injury Cover

Before we get to the part where Paula, our client, tells us how Accidental Injury Cover came in handy let us quickly understand what benefit the cover provides.  Does a good hike, a game of rugby, or a netball game at your club sound like your perfect weekend? But what if you break your arm, pull a ligament, or do something much worse! Did you know that ACC receives on average 448,000 sport-related claims per year? We Kiwis love the outdoors, but injuries can strike us anytime anywhere!A su...

June 21, 2021

Interest Deductibility – what does it really mean?

The government’s recent changes to residential property investment rules came as a surprise to many. However, the biggest surprise by far was removing the ability to claim the interest on funds raised to purchase a residential investment property. While some of the rules are yet to be ironed out, we thought it would be helpful to put some numbers around what the financial impact could be.  Owning a residential investmen...

May 28, 2021

Increasing my KiwiSaver contributions: is it always a good idea?

Having more of your hard-earned money going into your KiwiSaver portfolio can only be a good thing, right? Well, not always. KiwiSaver members have the option of contributing 3%, 4%, 6%, 8%, or 10% of their pay directly into KiwiSaver. The default rate is 3% if you don’t choose a higher rate and contribution rates can be changed every 3 months. If you have recently changed jobs or if you found yourself with spare cash, you might be wondering whether increasing your contributions is a good idea...

May 20, 2021

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 12, 2021

Apex Wellbeing Conference - Wednesday April 14th

The last 12 months have been very challenging, for everyone. As a business we recognise the importance of thanking our staff for their hard work and making sure we give back to them. We are taking our team out of the office for half-day Wellbeing Conference on Wednesday 14th. If our team is happy and well, they are better suited to look after our customers. ...

April 14, 2021

When investing, your biggest risk is you

When the stock market crashed in early 2020 no one was surprised, the pandemic brought a lot of uncertainty around the world. What was surprising was how quickly the market recovered and how more people turned their attention to investing. The new wave of investors might have been due to a combination of factors: the evolution of online investing platforms, the dip in the market tempting people to “buy cheap”, and potentially, people spending more time at home during lockdown periods. The fa...

March 5, 2021

Negotiate your rate, but don’t forget about your structure

Ever since Covid-19, lenders have bombarded us all with ever decreasing interest rate specials. Low interest rates are great but one of the trade-offs is increasing property values which generally leads to increasing debt. Reviewing your mortgage regularly is vital to ensuring you get your debt under control, while also considering your lifestyle needs. Most mortgage debt in NZ is on fixed rates mainly because floating mortgages are so much more expensive than fixed rate mortgages. We find that ...

March 2, 2021

Control the controllable: 6 ways you can create financial certainty in 2021

For most of us, 2021 has brought on a breath of fresh air. After a hard 2020, it has been great to turn the page and start new. But the new year doesn’t mean that the pandemic has magically disappeared. The reality is that things remain uncertain and we don’t quite know what this year will bring for us. The economy is looking healthy, yet house prices continue to rise. Only recently we had cases of community transmission. The Covid-19 vaccine might bring hope, but for the time being, our bor...

February 16, 2021

Keeping you and your family safe this summer

After a year of lockdowns and restricted travel, most of us are eager to be out and about enjoying the good weather and exploring our own backyard. New Zealand in summer is unbeatable, and as Covid-19 rages on outside NZ, there is no safer place to be. However, keeping safe is a team effort and involves everyone playing their part. Here are some tips on staying safe this summer....

November 19, 2020

Do your face masks offer Anti-Viral and Anti-Bacterial protection?

Once again, it is mandatory to wear a face covering on public transport in Auckland, and on all domestic flights for the foreseeable future. The government is also looking at extending this to the rest of the country.    Staff at Apex masked up during the August outbreak and we will be masking up again. We’ve seen first-hand how Covid-19 affected the lives of our clients and created challenges for many households and businesses. Wearing face masks is a small price to pay to protect o...

November 19, 2020

Getting ready for auction

We recently had Mark Sumich from Sumich Realty present to our team on the current auction environment. The property market is extremely hot right now and auctions are very popular so we thought we would share some of our key takeaways....

November 18, 2020

Get a new Apple Watch with AIA Vitality

We’re thrilled to introduce you to the brand new AIA Vitality Apple Watch Benefit, giving you the opportunity to earn an Apple Watch for reaching your weekly physical activity targets on AIA Vitality. With Apple Watch you now have a new way to increase your physical activity and stay motivated to make healthier choices. Physical activity is one of the cornerstones of good overall health and wellbeing, and we’re excited to be able to deliver this fantastic benefit to AIA V...

November 17, 2020

What can you do with bank savings when interest rates are low?

When talking about low-interest rates, much of the focus is on how good this is for people with debt – especially home-owners with mortgages and property investors. But what about savers who are keeping cash in the bank? The Official Cash Rate (OCR) set by the Reserve Bank of New Zealand, has been trending down. Five years ago, the OCR was 3.50%, today it’s sitting at 0.25%. The Reserve Bank has indicated that it might go lower in 2021, to help stimulate the economy. Although banks are unlik...

November 10, 2020

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 Posts 1-25 of 279 | Page next
 

This product has been added to your cart

CHECKOUT