When it comes to productivity, it’s no secret Aotearoa New Zealand lags heavily behind our OECD counterparts. In fact, our recent research shows Kiwis would need to work 20 percent more to reach the average OECD GDP output. For Kiwis working a 40-hour work week, this is equivalent to working an extra day per week […]
Archives for 2023
Orion launches ChatGPT Integration as Morgan Stanley investors hype advisor AI: Wealthtech Weekly
FINRA, citing Reg BI, expels New York brokerage
Weekend Reading For Financial Planners (May 13-14)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent study found that clients of advisors providing comprehensive planning services are significantly more satisfied than those receiving a lower tier of service. The study also highlighted the importance of advisors taking the time […]
Editor’s Comment: It’s a family affair – but a costly one
One of the most extraordinary statistics this week revealed that one in four advised clients are currently helping adult children financially. The survey, by Royal London, did not gives us much more detail on why but the cost of living problems and the soaring cost of accommodation in recent years are likely factors. Royal London […]
Pensions Dashboards face ‘waiting game’
Platform and SIPP provider AJ Bell has warned that the delayed Pensions Dashboards – a key plank of government pensions policy – are in limbo until the government signals a new timetable. In March, Pensions Minister Laura Trott said that the Pensions Dashboards will miss the 31 August deadline this year when the first connections were […]
6 in 10 ‘concerned’ about pension age rise
Six in ten 50-year-old workers say they are worried about the upcoming rise in the minimum pension age, according to a new study. The Government will increase the minimum age workers will be able to access their pension savings from 55 to 57 in 2028. While the move has been flagged for some years, 63% […]
After 14 firms and 15 disclosures, ex-broker to pay $1M for fraud
Bank of England pushes up base rate to 4.5%
The Bank of England today increased its base rate by 25 basis points from 4.25% to 4.5%. The rate is the highest since the height of the global financial crisis in October 2008. The rise was expected by many experts and comes as the Bank continues to make curbing inflation a priority. The latest rise […]
What the 2023 Federal Budget means for you
The Australian Government unveiled its annual budget this week, which aims to stimulate economic growth, address long-term challenges, and improve social services. The budget is focused on helping with the cost of living, with tax cuts for middle and low-income earners, while also allocating funding to health, education, and small businesses. If you have […]