A seventy-year-old today has the same cognitive ability as a 53-year-old did in 2000..A retirement lasting 25 to 30 years is no longer unusual. Most financial plans were not built for that.
Council rates across New Zealand rose 34 percent in three years. House insurance premiums have risen over 50 percent since 2022. Most retirement plans do not account for what property costs to hold.
Russell Investments’ sixth New Zealand Value of an Adviser report estimates professional advice can add at least 5% in value each year, with behavioural coaching alone worth 3.7%. Drawing on research with advised investors and advisers, it finds 90% of advised clients rate their adviser as good or excellent value, and confidence in reaching financial goals rises from 41 to 83% after advice. It also looks at how AI can create adviser capacity without replacing trust and judgement.
What a structurally different world demands of financial advisers.
The Financial Services Council (FSC) is calling for a fundamental reset in how New Zealand approaches financial resilience.