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Retirement

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Around three quarters of New Zealanders support mandatory KiwiSaver

27 Jul 21 - As KiwiSaver celebrates its 14th birthday this month, the Financial Services Council [FSC] has released new research looking at what New Zealanders think about the scheme, the role it plays in their retirement preparedness, and where it needs to head in the future.

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“Why Does Money Matter?” FSC launches school video competition

9 Jun 21 - The Financial Services Council has today launched an exciting new competition for New Zealand school students.

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New research reveals over three quarters of young NZers worry about money

1 Jun 21 - The latest Financial Resilience Index released by the Financial Services Council (FSC) today shows that 12 months on, Covid-19 continues to affect our wellbeing – and that of younger New Zealanders in particular.

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Unlocking the potential of New Zealand's financial front line

10 Feb 21 - New research from the Financial Services Council (FSC), “Unlocking the Potential of Professional Financial Advice,” has shown that the sector has remained resilient despite the challenges of Covid-19 and regulatory change and continues to provide ongoing value to Kiwis. FSC CEO Richard Klipin said that last year the FSC conducted research that asked Kiwis for their views of the sector.

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Learn a new language this year – the language of money

1 Jan 21 - Richard Klipin, CEO, Financial Services Council Originally published on nzherald.co.nz

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Family and finance this festive season and why you should talk to your nanna

24 Dec 20 - Richard Klipin, CEO, Financial Services Council Originally published on nzherald.co.nz

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Cooking the Books podcast: How can you prepare for the next financial emergency?

23 Dec 20 - The FSC's CEO Richard Klipin talked to Frances Cook on the Cooking the Books podcast about how we can best prepare ourselves for future financial emergencies - and revealed some surprising information about how Kiwis coped financially with Covid-19. 

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Generations 2020 On Demand - Sessions from the Digital Conference

16 Dec 20 - The 2020 theme, Generations, reflected not only the responsibility that the financial services sector has to support our different generations to save, invest and retire well, but will also challenge each and every one of us to be better. Better custodians for future Generations, better at supporting our teams and our customers balance their wellbeing and better at creating a sustainable future. The 2020 conference was fully digital, over three days, with breakfast, main plenary and sundowner sessions. With 120+ speakers and over 35 sessions, the Generations Digital Conference 2020 saw 1550 live attendees. View all speakers here, watch the conference wrap below or read the wrap document. Generations 2020 On Demand provides you access to all the content over the three days of the Generations 2020 Digital Conference. Simply click on the relevant main plenary, political, keynote or specialist stream to access the available videos via You Tube. The full programme is also available.

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Financially challenged: Latest Money & You research released

2 Dec 20 - Financially challenged: Why we need advice more than ever before and why we’re not getting it New research has revealed that despite a booming property market forcing many of us to take on record levels of debt, making financial advice more important than ever before, most New Zealanders are missing out on the benefits of it.

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Health Funds Association and FSC merged on 1 December 2020

1 Dec 20 - Health Funds Association of New Zealand (HFANZ) and the Financial Services Council (FSC) today announced a merger into one single organisation under the Financial Services Council banner from 1 December 2020, creating a membership association of close to 90 organisations.

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Financial Resilience Index August: Tracking wellbeing and money

15 Oct 20 - The Financial Resilience Index is a tracking survey of New Zealanders’ views on five key financial resilience indicators carried out by CoreData. The first rounds of the Index looked at how these views changed from March 2020 to April 2020 and this third and final round was collected between 6-7 August 2020. A total of 1,000 valid complete responses were collected in the August round. The sample is representative of the New Zealand consumer population in terms of age, gender and income based on the latest Stats NZ data.

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FSC Generations Conference Launches Digital Platform For 2020

17 Sep 20 - The FSC has announced the launch of the first ever, digital version of its flagship, industry leading Generations Conference on October 13, 14 & 15. The decision was made to move to a digital format due to ongoing COVID-19 restrictions.

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Covid-19: FSC News, Updates and Connect Webinars

12 Aug 20 - The Financial Services Council has issued advice on both KiwiSaver/Investments and Life Insurance as the Coronavirus (COVID-19) continues to escalate.

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

11 Aug 20 - 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. The second in a three part research series looking at New Zealanders’ relationship with money, ‘Money and You – Literacy, Insight & Advice’ surveyed 2000 Kiwis to understand why New Zealanders don’t seek help with their finances and to unlock the myths about what good support means and how it reduces financial stress.

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It’s not about the money – Kiwis’ tricky relationship with their finances

16 Jun 20 - It’s not about the money – Kiwis’ tricky relationship with their finances revealed New research commissioned by the Financial Services Council provides a unique look at New Zealanders’ relationship with money and how it affects their decisions and wellbeing. The first in a three part research series, the research, surveyed 2000 Kiwis to get a comprehensive understanding of how New Zealanders feel about money, their level of knowledge about it, and how it impacts key areas of their lives.

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Financial Resilience Index: Tracking wellbeing and money worries

25 May 20 - COVID-19 delivers unprecedented hit to Kiwis’ financial resilience The first survey in a major new series commissioned by the Financial Services Council has revealed that COVID-19 has delivered an unprecedented hit to New Zealanders’ financial resilience and wellbeing. The Financial Resilience Index tracks how Kiwis feel on five key financial indicators from March 2020 onwards and provides a unique perspective on how we feel and think about financial issues over this unprecedented time.

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Voices of Hope: Shaping Futures National Conference Charity Partner, 2018

14 Aug 18 - With less than a month to go until the industry National Conference this year, Shaping Futures, on 6/7th September 2018, the Financial Services Council (FSC) and Workplace Savings NZ (WSNZ) are proud to support Voices of Hope as the charity partner for the event. The charity was founded in 2014 by Genevieve Mora and Jazz Thornton, both being mental illness survivors. The aim is to provide hope for those struggling with mental health issues by promoting mental well-being, empowerment and recovery. Voices of Hope are running four key campaigns, #EATINGDISORDERS, #CHOOSETOFIGHT, #ITSNOTWEAKTOSPEAK and #ICHOOSEHOPE. There are a wealth of resources, stories and videos to help those concerned about mental health for themselves or those around them at thevoicesofhope.org. We will be fundraising for the charity throughout the conference, or you can donate now at givealittle.co.nz/org/voices-of-hope. For more information about Voices of Hope see thevoicesofhope.org and the conference at shapingfutures.co.nz.

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Don't miss out on the professional development event of the year! 34 days to go.

2 Aug 18 - Join us next month for the Financial Services event of the year! One conference across two days, with over 60 speakers, this event is not to be missed! The Financial Services Council and Workplace Savings NZ are co-hosting this annual conference. Shaping Futures conference 6-7 September 2018 Pullman Hotel, Auckland Only 5 weeks to go , so register today! For programme details and to register visit the Shaping Futures website www.shapingfutures.co.nz

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Financial Services Council research delivers a wake-up call for Generation KiwiSaver

4 Jul 18 - Younger New Zealanders are increasingly reliant on KiwiSaver as their main source of income when planning for retirement and that means a wake-up call when it comes to financial planning, according to new research commissioned by the Financial Services Council (FSC).

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Entries are now open for the Financial Services Council Awards and the Workplace Savings NZ awards!

25 Jun 18 - Celebrating good consumer outcomes and industry conduct, the annual Financial Services Council and Workplace Savings NZ awards showcase excellence in the financial services industry, aiming to inspire innovation and change. The Financial Services Council awards celebrate individuals who are truly making a difference for the financial services industry and the broader NZ community: Rising Star Award Innovation Award Shaping the Future Award Diversity Award The Workplace Savings NZ awards showcase communications that are driving better consumer outcomes.  Product Disclosure (PDS) of the Year Award Most Innovative Communication Award Best Overall KiwiSaver Member Experience Award Excellence in Communication Award Join us at the Gala Dinner to recognise those who are leaders in our changing industry, and to learn how we can all make a difference. For more information and to enter/nominate visit www.shapingfutures.co.nz 

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Advice at the Crossroads breakfast event - Tuesday, 26 June 2018

21 Jun 18 - Financial Services Council (FSC) is proud to present their upcoming breakfast event, Advice at the Crossroads on Tuesday, 26 June 2018. A few tickets remain.Book now to secure a place.

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Book Now! Early bird registration for Shaping Futures conference closes 30 June 2018

21 Jun 18 - Just over a week until the Shaping Futures conference earlybird specials expire on 30 June 2018, Book now and save. Avoid disappointment and book your tickets today!

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New survey shows KiwiSavers back Responsible Investment

6 Dec 17 - Business Scope: Westpac Press Release: Almost half of KiwiSavers want to know more about where their funds are invested and two out of five prefer to have their money in companies making a positive difference, according to new research by Westpac NZ. The findings come as the bank puts in place …

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Retirees rely on state pension as savings run out

6 Dec 17 - NZ Herald: Most retirees will use up their savings in just 10 years and rely solely on the state pension after that, a new research suggests.

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Great Expectations: Retirement realities for older New Zealanders

6 Dec 17 - Since 2010 the Financial Services Council (FSC) has been researching what it is like, and what it could be like, for New Zealanders when they retire: what wealth they have, how they could build it further to live comfortably in retirement. This is the second of three 2017 commissioned pieces of research seeking to understand Kiwis’ attitudes to retirement savings.

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Academic research vs practice

10 Feb 17 - Morningstar: The returns of factor investment strategies often look more impressive in academia than in practice.Often ideas don't work as well in practice as theory would suggest, says Alex Bryan

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First P2P mortgage lender launched

21 Nov 16 - Mortgage broker Southern Cross Financial will "push the button" on December 1 to become a a peer-to-peer (P2P) lending business. Stuff.co.nz.

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Trump's effect on emerging markets

18 Nov 16 - ​How does a Trump Presidency affect the world's Emerging Markets? Nikkoam comment from Simon Down.

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NZ: Fraud Film Festival

14 Nov 16 - On Friday 18th and Saturday 19th November, the inaugural New Zealand International Fraud Film Festival (NZIFFF) will be held at Auckland's Q Theatre, coinciding with International Fraud Awareness Week.

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Hickey on election reaction

11 Nov 16 - The best bits of election reaction that affect you... Tony Alexander suggests fixing for three years, downplays impact of Trump victory on NZ, the yuan falls to a six-year low. Interest.co.nz.

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Green light for post-FMCA ROPS

2 Nov 16 - The industry had been waiting for an FMCA amendment that would allow ROPS providers to align their schemes' requirements with the withdrawal rules of UK pension funds. Goodreturns.co.nz.

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FSC 2016 Annual Report published

28 Sep 16 - The Financial Services Council has published its 2016 annual report. Major activities include Contributing to the Government’s five-year review of the Financial Advisers Act 2008 and the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and explorintg integration with Workplace Savings New Zealand.

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Treasury says KiwiSaver members need to become more financially literate

12 Jun 16 - Interest.co.nz - Treasury warns there are no incentives for KiwiSaver providers to drop their fees. Its research indicates neither fee levels nor fund performances affect New Zealanders’ decision-making when selecting KiwiSaver providers. Rather people are swayed by providers’ reputation, branding, trust and convenience.

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Most people's income is their biggest asset but too few insure it

12 Jun 16 - Stuff.co.nz - During their working lives, over a quarter of all New Zealanders will suffer a temporary disability resulting in them not being able to work for six months, according to Chatswood Consulting. It's a grim statistic but one we all need to consider. What would life be like for you if you couldn't earn an income?

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Should you pay off your mortgage before retiring?

6 Jun 16 - NZ Herald - Survey after survey in the United States indicates that one of the biggest worries in retirement is running out of money.

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KiwiSaver cash-up not a cue for spending spree

29 May 16 - NZ Herald - Diana Clement - Cashing up your KiwiSaver - it's what you do with your squillions when you reach 65, isn't it?

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Research shows fewer New Zealanders sticking to a budget

22 May 16 - Stuff.co.nz - Kiwis are being warned not to get complacent about their finances just because interest rates are low.

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New Zealand's life insurance industry is dying

15 May 16 - Stuff.co.nz - New Zealand's life insurance market is stagnating and its primary market - parents with children who own homes with a mortgage - is shrinking, research has revealed.

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Get Sorted: Dropping D-words

15 May 16 - NZ Herald - What goes up, must pay out. Just last week a friend was impressed how, after hopping onto the KiwiSaver bandwagon back when it started in 2007, he is now seeing his balance edge past $70,000. With many more years of contributing ahead, he and his family are on track to accumulate more than a modest bit of dosh for their future.

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If you are taking financial risks, you should have a safety net ready

8 May 16 - Stuff.co.nz - Life is not meant to be boring. It is for living to the full, making the most of opportunities and taking a few risks along the way. Of course, risk is not for everybody, but it's hard to avoid it completely. Risk takers are people who:

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Industry told: Make Kiwis care

8 May 16 - Good Returns - Advisers need to get New Zealanders off “autopilot” when it comes to retirement savings, one commentator says.

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Call for KiwiSaver education campaign

8 May 16 - NZ Herald - Schools, employers and providers need to teach people about savings scheme, says KPMG financial services head.

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Who's better with money—kiwi men or women?

25 Apr 16 - NZ Herald - Populist beliefs that women are more likely to spend up large on the credit card while men take more risks with their money are not backed up by reality.

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KiwiSaver goals unclear for most - survey

17 Apr 16 - Newshub - We know we need to save for our retirement. Some people have also worked out how much money they will need to make it enjoyable.

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Kiwis need options to make their money last as long as they do

16 Apr 16 - Stuff.co.nz - Opinion - Congratulations you've made it to age 65. Retirement beckons and freedom is at your fingertips. You've applied for the government superannuation and fluffed the feathers around your nest egg. Now what?

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Five-minute guide to life and critical illness cover

9 Apr 16 - Sunday Express - UK - Too many parents are leaving their loved ones in financial danger by failing to take out valuable cover against serious illness or death.

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18 Warren Buffett quotes that tell you all you need to know about personal finance

9 Apr 16 - Yahoo.com - Berkshire Hathaway CEO Warren Buffett is widely regarded as the most successful investor in the world. As Yahoo Finance gears up to livestream the company’s annual shareholder meeting April 30, we decided to look at some of the best advice Buffett has ever shared about spending, saving and investing.

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KiwiSaver add-on aims to fill insurance gap

9 Apr 16 - NZ Herald - Diana Clement - What to do about the problem of uninsured Kiwis? Every day at least one New Zealander finds him or herself unable to work because of illness and with no way to pay the rent, mortgage, or other bills. Or they die, leaving loved ones in the financial proverbial.

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NZ Post part-sale of Kiwibank keeps its credit rating safe, but bank's could be cut

6 Apr 16 - NBR - New Zealand Post Group's proposal to sell a 45% stake in Kiwibank to the NZ Superannuation Fund and Accident Compensation Corp will have no immediate impact on the troubled state-owned enterprise's credit rating but could see the bank's rating cut one notch.

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Retirement Commissioner warns NZ Super changes needed in 15 years

4 Apr 16 - Stuff.co.nz - The retirement commissioner believes changes to superannuation need to begin in just over a decade. Commissioner Diane Maxwell's comments to a Howick Pakuranga Grey Power meeting in east Auckland come as the 2016 Review of Retirement begins this month.

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