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Why do insurance premiums go up and what can you do

For most insurance policies, premiums are calculated based on age, gender and smoking status. These all influence your likelihood of making a claim.  On the other hand, medical advancements and new technologies mean that we have access to better health care - but it also means that cost of claims go up year on year. The increase on your premium is most likely a combination of these two things. What can I do? There is an option to 'level' your life or trauma insurance premiums. Level premium...

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? 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 annum, your ...

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

When rates are low… it’s not the rate you pay, it’s the rate you pay it off

Mortgage rates are currently as low as they have ever been with some banks advertising rates under 4% for up to 3 years fixed. You certainly want to make sure you have a competitive rate on your loan, but we encourage our clients to see this low-rate environment as an opportunity to shed years of their mortgage by keeping your repayments up. How does it work? The only thing you need to do, when re-fixing for a lower rate, is keep your repayments the same as what you have been paying on your prev...

May 2, 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 ...

April 29, 2019

This is why we do what we do

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April 8, 2019

What to do when your bank says no

We are often asked to assist clients who have unique circumstances that don’t fit into ‘normal’ bank criteria. Over the past 10 years there has been an increasing number of ‘non-bank’ lenders in New Zealand who are able to help clients when the banks say no....

April 1, 2019

What does Clients First mean?

“Client First” is what you should expect from an adviser who genuinely cares about you. Expect nothing less than to have tailored financial advice that suits your particular needs. Good advisers are focused on delivering the best client outcomes – it should be a philosophy at the center of everything they do. Kiwis are a diverse bunch, so your adviser should understand that the best client outcome can mean different things to different people. A good adviser truly wants to help you make be...

February 27, 2019

Is a home renovation right for me?

Home renovations can seem like a fun challenge. However, before you run to the shed for a sledge hammer, let’s have at look at what you need to consider first. To stay or to move on….It’s highly unlikely that you’re only going to have one home in your lifetime. That’s because there are just so many changes that we go through which impact on the home that will work best for us. School zones, career changes, growing families, and stage of life can all mean a change of home is approp...

February 25, 2019

Love to ride: Auckland Bike Challenge 2019

It’s February! This means it’s time for the Auckland Bike Challenge again. The Challenge is a free, fun competition to see which workplaces can get the most people to ride a bike for 10 minutes or more in the month of February. 497 organisations in Auckland are participating in this challenge and we are proud to be one of these workplaces encouraging our staff to get on a bike and be active. At the time of writing, we are in the 1st position in the “Finance Industry Auckland (20 - 49 staff...

February 19, 2019

Is it a good idea to buy now, pay later?

Buy now, pay later schemes are on the rise. These schemes allow consumers to buy something – anything from new shoes, homeware to flights – without paying for it upfront. Instead, the cost of the items is spread across 4 to 6 weeks, with the client committed to make regular repayments. Sounds good, right? However, if you look at the big picture, you can see that you are still taking on debt and that there are penalties if you don’t pay in time. What’s the appeal? First and foremost is in...

February 12, 2019

Did you get a gift card from Santa?

Gift cards are widely available these days - from retailers to supermarkets and petrol stations, you have an array of option for gifting. One of the best things of giving them as presents is that they are as good as cash for the person that receives it. Some carda, like Prezzy cards, are issued by Visa so they can be even used for online purchases. Gift cards can make for a good present, right? Well, only if you remember to use them before their expiry date. “Consumer NZ says that 24 per cent...

January 16, 2019

Apex Office Holiday Hours

Our office will be closed this holiday season from December 22nd to January 14th 2019. Here's how you can reach us during this period: 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, SynergyYou can contact your adviser – visit Our People page for more informationCall our office on 0800 500 510 for non-urgent queri...

December 19, 2018

Transferring money internationally - are you getting the best rate?

Whether you have emigrated to New Zealand, have relatives living overseas, have worked overseas or have an investment overseas, chances are that at some stage you will need to transfer money internationally. Many people go straight to the bank, but we are finding our clients are saving money by going through foreign exchange provider XE.According to the team at XE, there are a couple of considerations to take into account when it comes to converting currency and sending or receiving cross-b...

December 5, 2018

Auckland Walk Challenge

Apex is participating in the Auckland Walk Challenge for the first time this year. Teams are challenging themselves to walk the virtual length of New Zealand, all the way from Cape Reinga to Bluff by achieving the daily step goal of 7000 steps during the month of November. There are 992 groups participating in the challenge Auckland wide. We formed 4 different groups within Apex and at the time of publishing, we had achieved a total of 2,337,631 steps! As an organization, we believe in the impor...

November 19, 2018

Stop trying to time the market! You are missing out

Here at Apex we like working with clients to help them achieve their goals and make better calls. A big part of that is preparing for retirement. Our clients know what kind of ‘golden years’ they want to enjoy, and they have a plan. However, when we experience market volatility, like we did in October, some clients still call us asking if they should sell. Or if our client is sitting on a sum of money which they plan on investing, they want to avoid investing just before the market crashes. ...

November 14, 2018

The lowdown on KiwiBuild

KiwiBuild is certainly a hot topic at the moment among the media, politicians, and first home buyers. But what exactly is it, and could it be an opportunity to help you, or someone you know, into your first home? What is KiwiBuild KiwiBuild is a government programme designed to create 100,000 quality and affordable homes for first home buyers by 2028.  The government guarantees to purchase affordable homes at price caps (maximum $650,000), which encourages developers to build the affordab...

November 13, 2018

Your 5-minute guide to managing Christmas costs

The tinsel is out at The Warehouse and chocolate Santas are in stock at Farmers (yes, already!) which can mean only one thing: Christmas and all its festive cheer - and financial strain - is just around the corner.  Somehow, Christmas always manages to sneak up on us, even though it comes around at the same time every year! As a result, the way Kiwis usually fund the festive season is on our credit cards. Reserve Bank data shows we ticked up almost 7-point-3 billion dollars on our cred...

November 7, 2018

Baby boomers, are you cancelling your cover too early?

New Zealand had the second largest rate of workforce participation of people aged 65 or over in the OECD. Every year, Kiwis’ life expectancy increases by about a month. We are all living longer than ever before and many people are working past retirement age – sometimes out of necessity, sometimes because they enjoy what they do. Whatever the reason, retiring at 65 is no longer “the dream” nowadays as we potentially have 30 odd more years to live. A lot of our financial advisers work wit...

November 1, 2018

Self-Employed? You probably aren't getting the most out of ACC

You've filed your annual return, budgeted for provisional tax and are looking forward to your 18/19 financial year when suddenly you receive a little white envelope in the post. ACC have sent you their annual love letter. If you're lucky, and depending on your income and occupation, this will be to the tune of around $2,500 (I have seen significantly higher). Unfortunately, most people forward this onto their accountant and pay it without thinking about what they are getting in return. If you ar...

October 16, 2018

Investing in your mental health

We’re halfway through Mental Health Awareness Week, and a record number of Kiwis have already taken part in this global movement. From an interactive mural painting in Dunedin, to a kaumātua-led hikoi to the summit of Matukutureia and a nationwide Wellbeing Photo Challenge supported by Nikon and Shakti Mat, it is encouraging to see more and more people stepping up and stepping out to talk about this social stigma. In 2017, over $9.5 million in Mental Health Claims were paid out by just one in...

October 11, 2018

This is Doris' story

Apex clients have received more than $24 million in claim payments from insurance companies in the last year. Doris was one of these clients that had the right insurance in place at the right time. In 2015, Doris met with her adviser Will Leang to update her insurance. At the time, Will recommended she take out Progressive Care. Progressive Care is a new Severity based type trauma insurance by Sovereign, which can pay out more than once and for a wider range of illnesses. Benefit payments are li...

October 3, 2018

Blue September

Blue September is the Prostate Cancer Foundation's National Awareness Campaign. Every year around 3,000 men are diagnosed with prostate cancer in New Zealand and more than 600 will die. That’s about the same number as women who die from breast cancer. The good news is that early detection can significantly reduce the risk of death from prostate cancer. Mostly, men don’t know how dangerous this disease is – patients don’t talk to their doctor about it, doctors don’t talk to patients abo...

September 25, 2018

It’s finally spring – is it time to change homes?

As the days get longer, the birds start chirping, and the weather improves, we predictably start to feel more positive and optimistic. We start feeling like summer is just around the corner. For many people, the new season is often a trigger for buying or selling property. If you don’t start early enough, you won’t be in by Christmas Bringing your property up to its sparkling best for sale, can take longer than you think.  You may need to: top up your mortgage to cover the cost of work ...

September 20, 2018 Posts 1-25 of 217 | Page next
 

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