MONEY MATTERS by Britannia August 2017 – Download the PDF Download Pdf


Is the grass greener? Share this article:

Is the grass greener?

Not long ago we sent out a survey to our investors about life in NZ. Here’s what you told us.

Firstly, thanks to everyone who took part in the survey – we really appreciate it! We were able to collect some valuable information including an insight into how many of you have adapted to life in New Zealand – the good and the bad.

‘Life in NZ is good’ was the overall message with over 85% of respondents describing themselves as happy, thanks mainly to this country being safe, a great place to bring up kids, promoting a good lifestyle and, well, pretty much everything!

Other common themes included: open spaces, great weather (although not lately right?), beautiful scenery, friendly people, smaller population, laidback, less pressure to conform and the list goes on. A couple of quotes:

“I enjoy the sense of freedom, less traffic and people. Great places to visit.”
“Lifestyle, work balance and a great place to raise children.”

Top of things missed from home were unsurprisingly – family & friends, “English Ale, cheese, and pork pies,” as well as culture, history and ease of travel. That said, very few of you saw yourselves moving back to the UK in the future – a real tick for New Zealand.

When we asked those surveyed how much money they wanted in retirement two thirds of those who replied said they wanted an annual income of $50,000 or more. After state super that would mean a couple retiring with a lump sum of over $400,000, which begs the question – how well placed are you?

The survey indicated less than half of people are happy with their current financial plan for retirement – so if you’re worried about how you are going to reach your retirement goals we encourage you to talk to your financial adviser as soon as possible.

Make sure you reach those greener pastures and get the most out of retirement that your situation allows. And if you need further convincing check out our article below “The True Value of Advice” which comments on a survey that links financial advice with greater happiness.

On a side note – it was good news too for Britannia, with the huge majority of you saying you would be happy to refer us to fellow Brits – so again, thanks! We know there’s always room for improvement so please get in touch with any feedback or suggestions at team@opt-ltd.co.nz. We’d love to hear from you.

 


Lovely Jubbly! Share this article:

Lovely Jubbly!

Please give a warm welcome to Simon Denton, the new face of Britannia ads.

A Londoner by birth, Simon first visited New Zealand in April 2000 and was blown away by the amazing scenery and friendly locals. “By the time I left I knew I’d be coming back,” he says. And so he did, just six months later, this time for good. He hasn’t looked back since.

“I just love the top of the South Island – Abel Tasman Park, all that. Biking, tramping, fishing, the whole country is fantastic. Sometimes I spend whole weekends camping at Muriwai Beach west of Auckland. Catch my own dinner. Fantastic.” 

Having worked for years in the UK financial markets, Simon knew a good thing when he saw one, so he also transferred his UK pension through Britannia. “No jargon, it was flawless for me. Easiest thing I’ve ever done,” he adds.

A Britannia fan with financial nous, Simon is the perfect ambassador for Britannia. He enjoyed the latest film and photo shoot too. “They’re a great bunch of people. I was originally the voice of Dudley the bulldog, so I guess this is kind of a promotion!”

Welcome Simon - we look forward to seeing plenty of you over the coming months. 



The true value of advice Share this article:

The true value of advice

Can you put more than a monetary value on good financial advice?

We all know it’s a good idea to get professional financial advice to help us save for the future. But that advice might prove to be beneficial in more areas than we initially think.

Recently IOOF (one of Australia’s largest financial services companies and one of Britannia’s fund managers) released a White Paper which found that investors who took professional financial advice also benefitted from a range of other life-enhancing factors. We wanted to share some of the main findings with you.

Overall, people taking financial advice had around a 20% increase in their “peace of mind with regards to their financial future” which is good enough reason (as we say in “Is the grass greener?”) to get on top of your financial planning early. However, a similar increase was reported in “overall personal happiness” and a similar decrease in “arguments with loved ones about money” and “personal relationships being impacted due to concerns about money.”

It seems like an obvious link but not one that’s talked about much – so it’s good to see it in some statistics. And just think of all the extra time everyone would have if they weren’t worrying about money! Not to mention money saved on therapy and goodness knows what else!

We particularly like the connection with “peace of mind” because that’s what we’re here for – to provide peace of mind so that you can get on and enjoy life and all that New Zealand can offer.

 



Brexit Blues Share this article:

Brexit Blues

How might current world uncertainty - especially in the UK - affect your investments?

History always throws out surprises. The UK election result earlier this year was a good example, and as for how Brexit negotiations will pan out, well, it seems to be anyone’s guess just now. Kate Adie for those who remember the BBC News and who visited New Zealand recently said that privately even members of the UK government had no good idea what would happen.

As usual, the general commentary is that financial markets don’t like uncertainty and clearly the UK currently has that in droves. So what points are there to be taken away for investors with an eye on the UK here in New Zealand? Well, for us at Britannia there are two main messages.

Firstly, the Britannia Schemes are invested with professional fund managers and the investment strategy is designed to provide solid returns into the future.

Secondly, markets have always gone up and down which means your investment with Britannia will do the same. Many factors will determine these movements and most are beyond our control. In New Zealand, we have an election coming up soon, the outcome and impact of which is uncertain.

But with good management, history tells us that regardless of what events happen in the short term, a balanced and well managed investment will usually go up in the long run.

If you are worried about the level of up’s and more importantly down’s that could happen to your investment, again speak with your financial adviser or contact us at team@opt-ltd.co.nz and ask for a self-assessment questionnaire so you can check your own attitude to financial risk

 




Disclaimer: This publication has been prepared for your general information. While all care has been taken in the preparation of this publication, no warranty is given as to the accuracy of the information and no responsibility is taken for any errors or omissions. This publication does not constitute financial or insurance product advice. It may not be relevant to individual circumstances. Nothing in this publication is, or should be taken as, an offer, invitation, or recommendation to buy, sell, or retain any investment in or make any deposit with any person. You should seek professional advice before taking any action in relation to the matters dealt within this publication. No part of this publication may be reproduced without prior written permission from our company.