Financial

As Kiwi families change, so do our finances

The typical Kiwi family of a heterosexual married couple and two or three children is no longer the norm. In his new book, The New New Zealand, Professor Paul Spoonley of Massey University looks at how our families have changed. These trends include: Increased divorce rates. More single parents. Same-sex …

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Q&A: Retirement Commissioner Jane Wrightson

Jane Wrightson, our new Retirement Commissioner, tells Eldernet about her priorities for the role, and what she is looking forward to when her turn comes. What was it about the role of Retirement Commissioner that attracted you to it? I had a leadership background in media, regulation and industry advocacy …

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6 financial traps in the time of COVID-19

Like a pack of sharks who smell blood, the scammers are already circling. A decade or so ago, during the Global Financial Crisis, investment fraud and other consumer scams were rampant. Today it’s the COVID-19 crisis, and it’s no surprise the scammers are back in force to prey on people’s …

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Beware of corona virus scams

New Zealanders are being warned of a raft of scams and frauds exploiting the spread of coronavirus. Bronwyn Groot, CFFC’s Fraud Education Manager, says scammers overseas are preying on people’s concern about the virus and targetting them in a variety of ways. While reports of coronavirus scams in New Zealand …

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What is a reverse mortgage & is a reverse mortgage right for you?

A reserve mortgage is a loan that can enable an ‘asset rich, cash poor’ older homeowner to access the value held in their property by taking out a loan secured against their home. There are usually no regular repayments on the loan. This means the homeowner will receive capital – …

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Gender and the impact on retirement

The increased awareness of the gender pay gap over recent years is an important step in being able to close it. Time taken off to care for and raise children and care for older relatives is one of the largest impacts on pay. While it is clear to see the …

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Don’t let supporting your adult children ruin your retirement

Many millennials are having a tough time launching their adult lives. The usual blame for this is placed on burdensome student loans, job insecurity, high housing or rent costs, and – of course –surplus cash regularly devoted to smashed avocado on toast and the latest iPhone! As a result, perhaps it’s no …

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