In 2016 the UK Financial Conduct Authority (FCA) made it compulsory when transferring a Defined Benefit scheme with a transfer value of over £30,000 to obtain advice from a FCA regulated adviser prior to transfer. In order to give this advice the FCA adviser needs to...
It can be argued that ethical investing dates back to at least 1758 when the Quakers ruled out investing in the slave trade. While there have been ethical screening funds around for more than two decades, socially responsible or sustainable funds have only been around...
The fourth Russell Investments ‘Value of an adviser’ report found preventing behavioural mistakes, advising on asset allocation, optimising cash holdings, tax-effective investing and planning, and expert knowledge were the key benefits of using an adviser....
Kiwis are generally optimists and poor savers. The majority believe they will be financially independent when they retire and have stopped earning an income. You need more than optimism to be financially independent when you stop earning an income. If you are not...
If you are using one of the major banks in New Zealand to transfer currency, you are probably being ripped off with hidden transaction fees. While banks declare a fee for transferring foreign currency, often the real undisclosed fee is hidden in the exchange rate that...
You can work out your tax obligation from the table above. Provided you have not opted out you are exempt transfer tax during the first four years, under transitional tax residency status. The table assumes the first 4 years are tax exempt and your tax liability...
We explained MERs in the article; Fees for UK to New Zealand Pension Transfer, but there are other factors to consider when you’re choosing a financial adviser in order to transfer your pension from the UK to New Zealand. When you invest your money, some parts of your...
Are you aware of what fees can be charged on your transferred pension? When you enlist the help of a financial adviser, you’ll pay ongoing fees that are based on the value of the total pension amount. To make sure that you’re not paying too much in fees and that your...
According to research conducted by Russell Investments, a financial adviser can add more than 5% to a client’s portfolio. They also found New Zealand advisers add more value to their clients than advisers in the US and Australia. An adviser adds value by defining a...
While the impact of Covid-19 on world economies has not fully played out and portfolios have taken a hit; in my opinion, we are not seeing a free fall in share markets. If you look at the US market from its high at the beginning of February to its low on 23 March we...
