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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

Apex Advice Covid-19 Update

With the Covid-19 pandemic, we are facing an unprecedented situation which is affecting our families, our businesses, our communities, and our way of life.At Apex, our priority is the wellbeing of our clients, staff and the community. We have taken additional health and safety measures around the office, meeting the requirements from the Ministry of Health.  We are encouraging clients to opt for online or phone meetings with our advisers as much as possible, to minimise risk.  We ha...

March 20, 2020

Business insurance protects your company

Have you ever given thought to how your business would continue to function if you are unable to be there long term because of an injury or illness? How would business expenses get paid?What happens to your employees?These are important questions that business owners need to solve to protect the enterprise they worked very hard over the years to make successful....

March 2, 2020

Getting a mortgage – how much can I borrow?

If you are looking at buying a home, you’re probably wondering how much you can afford to borrow. A good place to start is the “rule of thumb” of using your household income to point you in the right direction....

February 27, 2020

$38,000,000

The New Zealand life insurance industry pays out around $4 million a day or $1.47 billion per year in claims supporting Kiwis when they most need it. In 2019, our clients received over $38,000,000 in insurance claims payments at their time of need. We can proudly say that 96.2% of our clients’ claims were paid out - above the industry average....

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 Posts 1-25 of 243 | Page next
 

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