we're getting behind the I AM HOPE tour

we're getting behind the I AM HOPE tour

Together with AMP, we’re getting behind the I AM HOPE tour. AMP is proud to be partnering with the Key to Life Trust and to be getting behind the I AM HOPE TOUR, a wonderful initiative being led by Mike King to help combat the very high rates of suicide in our country. 

insurers paid out a record $2.55 billion in claims in 2017

insurers paid out a record $2.55 billion in claims in 2017

In 2017 the number of insurance claims from "extreme events" broke records last year, testing the sector's ability to keep up with nature.

The Insurance Council of New Zealand says total settlement cost of events in 2017 reached $2.55 billion.

nearly 60% of kiwi women earn less than their partners

nearly 60% of kiwi women earn less than their partners

Kiwi women are lagging behind their American counterparts when it comes to earning more than their partners.

Research by Boston Consulting Group found one third of married women in the United States earned more than their husbands.

call to lower KiwiSaver contribution rate to 1%

call to lower KiwiSaver contribution rate to 1%

Many of the people who do not contribute to KiwiSaver on a regular basis are on a low income or are not in paid employment, research suggests.

More than 2.7 million Kiwis are signed up to the retirement scheme but 1.1 million were considered to be non-contributors in the year to March 31, 2017.

look both ways before jumping on the bitcoin wagon

look both ways before jumping on the bitcoin wagon

The news is currently full of stories about Bitcoin – selling a story about how to become a millionaire overnight. But the Financial Markets Authority are receiving an increasing number of complaints from investors who’ve lost money using cryptocurrency exchanges.

our top five financial podcasts

our top five financial podcasts

Finance-focused podcasts are a total game changer. Not only do they make a long commute feel like less of a drag, but they can also help you become financially savvy with practical advice and inspiration. Here are five entertaining yet educational recommendations:

how to avoid investment scams

how to avoid investment scams

Investment scams can happen to anyone. They’re often very sophisticated. The people involved sound credible and the websites look very professional, usually including testimonials from other investors. It can be hard to tell a scam apart from a genuine investment opportunity.

why bananas are banned from fishing boats

why bananas are banned from fishing boats

If you’re not familiar with the life of a mariner, then it might sound a little strange why they don’t allow bananas on the boat.

The reason is quite simple: bananas are bad luck.

Lotto vs KiwiSaver

Lotto vs KiwiSaver

Are you a regular Lotto player? Think you’re in with a chance of being the next millionaire? Let’s have a look at the numbers..

The NZ Lotteries Commission estimate your chances of winning first division Lotto at one in 3.8 million (or one in 38 million for Powerball!) ie. – not likely!

are you relying on other drivers' insurance?

are you relying on other drivers' insurance?

When you drive, you’re constantly checking your surroundings. You’re keeping an eye on other motorists around you, and making a mental note of who’s speeding up, slowing down or turning.

You rely on other motorists to do the same thing – but accidents still happen.

If someone else makes a mistake and causes an accident – are you also relying on them to have insurance?

are you a bulletproof superhero?

are you a bulletproof superhero?

We have experienced rapidly increasing house prices over the past few years, increasing the value of what for many of us will be our biggest asset. But does this mean we are actually any wealthier and are we making the same smart decisions we made when our properties were worth less?

willpower

willpower

We know it's hard to resist spending now in order to have something more to use in the future. Retirement can seem like such a long time away but a little bit saved now can make a big difference later. 

Kids find it just as hard as adults.

cancer continues to lead claims

cancer continues to lead claims

Recent figures from Sovereign show that cancer continues to be the leading cause of life and trauma insurance claims.

Cancer made up 49.6% of Sovereign life insurance claims and 68.3% of trauma claims in the 12 months to 30 June 2016. with over $115 million paid out during this time frame. 

more KiwiSaver changes possible

more KiwiSaver changes possible

The Government is cautiously supportive of including higher KiwiSaver contribution rate options and “increasing KiwiSaver coverage” but cannot say yet what that might mean.

Commerce and Consumer Affairs Minister Jacqui Dean has released the Government’s response to the Retirement Commissioner, Diane Maxwell’s, review of retirement income policies.

planning to retire or to survive retirement?

planning to retire or to survive retirement?

There is a difference! The costs of living are constantly increasing – food, rates, power and heating, phone, rent or mortgage repayments – you name it, just covering the basic bills is getting expensive. Which means that once you retire and income reduces, keeping up with things becomes even harder.

how much life insurance do you need?

how much life insurance do you need?

Even if you are in a higher income bracket, you might be surprised to learn that studies show you fall into a group that is most likely underestimating your life insurance needs

rising cancer rates and treatment costs

rising cancer rates and treatment costs

Living down here at the bottom of the world in New Zealand, we as a nation pride ourselves on our ‘self reliance’, our ‘resourcefulness’ and ‘independence’, yet a glance at the news headlines shows that too many Kiwis still rely on Government to bail us out when things go wrong.