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KiwiSaver - Contributions are just as important as fees. - Shared screen with speaker view
Jasmina Nagar
35:22
Good morning everyone. Welcome to our 77th Bring in the Expert Webinars. You have all been muted and your videos turned off but feel free to ask questions down the side bar in the chatroom and in questions and answers. Katrina Shanks will ask the questions on your behalfEnjoy the webinar!
Gary Cavaney
40:42
We can hear you very clear from a cloudless and sunny Cambridge
Emily TSAI
40:46
Yes
Mark Uden
40:47
Yes
Steve Tutbury
41:34
yes
Bruce Cameron
41:36
Yes
Michelle Cook
41:37
yes
Greg Coldicutt
41:38
Yes
Emily TSAI
41:38
Yes
Gary Cavaney
41:39
yes
Warren Stephens
41:39
Yes
Elise Vine
41:41
yes
Mark Uden
41:41
No
Mike Bennett
41:41
yes
Vaughan Atkin
41:42
Yes
Brian Scott Kilworth
41:42
Yes
Dan Lewis
41:43
y
Caroline Liang
41:44
yes
Anna Dunlop
41:44
Not yet but plan to later in the year
Michael White
41:46
Yes
Tony Walker
41:47
Yes
Lindsay Thomson
41:48
Yes
Emily TSAI
41:49
Yes
dianne keplergroup Southland Logan
41:50
yes
Anup Rup
41:53
y
Richard Piechazek
41:55
Yes
Steve Tutbury
41:59
yes
Elise Vine
41:59
no
Oliver Broomfield
42:01
no - refer only
Vaughan Atkin
42:01
Yes
Mike Bennett
42:01
yes
Gary Cavaney
42:01
no
Richard Piechazek
42:02
NO
Mark Uden
42:02
No
dianne keplergroup Southland Logan
42:02
yes
Michelle Cook
42:02
yes
David Wilson
42:03
Yes
Anup Rup
42:03
no
Ruth Green
42:03
No
Warren Stephens
42:03
No just KS
Anna Dunlop
42:05
No
Lindsay Thomson
42:05
Yes
Greg Coldicutt
42:05
No
Oliver Broomfield
42:06
no
Dan Lewis
42:06
y
Glenn Gilbert
42:06
no
Tony Walker
42:06
Yes
Michael White
42:06
No
Brian Scott Kilworth
42:09
No
Jenny de Boer
42:17
yes
Lisa Parata
42:18
Yes
Tom Gilbert
42:21
Yes
Manasi Rataul
42:21
No
Mark O'Donnell
42:38
yes
Elise Vine
48:31
how many of those that have closed their accounts have died
Vaughan Atkin
51:17
Can these stats be circulated with sources please.
Tony Walker
55:29
What is your view about the fact that KiwiSaver is seen by young people primarily as a house purchase scheme rather than a retirement scheme.
cherylyn clitherow
56:48
How many of those people that have closed accounts have used funds to purchase property.
Jane Eschenbach
57:05
Scarily our finance student son told us near the start of lockdown last year that some students panicked on their social media group and advised others to switch from growth to conservative and then doubly lost as the very short blip corrected itself really quickly. Thank goodness he phoned us before making changes and managed to influence others to hold on. A little bit of knowledge can be a dangerous thing! Wonder how we can educate that 'holding', 'waiting', 'being patient' are excellent traits for investors including KiwiSaver members.
Leigh Hodgetts
59:55
When do you think the NZ govt will take it more seriously and make it compulsory to contribute to save for their retirement
cherylyn clitherow
01:00:41
Cherylyn Clitherow
Nigel Tate
01:01:33
We currently have a compulsory retirement scheme, NZ Super. KiwiSaver was designed to supplement NZ Super not replace it.
Nigel Tate
01:03:03
Advice is the key to managing client expectations around retirement, unfortunately KiwiSaver doesn't allow pricing for advice.
Vaughan Atkin
01:06:48
How does it look for those who have previously given class service to continue to receive trail commission if they are not able to give advice ongoing?
Leigh Hodgetts
01:16:08
Steady on
dannie hawkins
01:18:58
The risk profilers that the regulators are so keen on tend to measure short term risk on one off investment, not long term risk on regular contributions. This makes "regulated" portfolios too consevative for long term saving.
Nigel Tate
01:26:06
Do you feel that KiwiSaver providers should also provide Wills when joining.
Dave Jochem
01:26:40
Please confirm in the new regime / full licencing the expectation for kiwisaver advice you need to have your investment strand? Even with limited advice.
Elise Vine
01:32:19
If you are on a suspension saving and not contributing and your employer stops paying and the KS was part of the salary that is a problem too
Nigel Tate
01:35:47
A simple Will appointing executors can be done by anyone for clients as long as they are witnessed by two individuals over 18 and not part of the Will. Along with a recommendation to see a lawyer, covers the majority clients that procrastinate way too much. This will save the clients around $25k - $30k in legal fees if things went wrong often eating the KiwiSaver balance..
Manasi Rataul
01:37:35
Thank you all.
Leigh Hodgetts
01:37:42
Thanks guys
Emily TSAI
01:37:53
Thanks you all.