Fin Advice partnership extended

Financial Advice New Zealand says its partnership with Massey University’s Financial Education and Research Centre (Fin-Ed Centre) has been extended for three years to continue the New Zealand Retirement Expenditure Guidelines research.

This collaboration underscores our commitment to providing valuable data-led insights which help financial advisers, and their clients plan for a secure and comfortable retirement.

The NZ Retirement Expenditure Guidelines, developed by the Fin-Ed Centre’s internationally recognised academic research team, offer comprehensive data and analysis on the costs associated with retirement living in New Zealand. These guidelines provide an important tool to ensure individuals, financial advisers, and policymakers make informed decisions about retirement savings and expenditures.

“Planning for retirement is a maze of both emotional and financial decisions. We know through research that Kiwis who have a financial adviser by their side, feel more confident about their retirement future and are financially better off,” Financial Advice chief executive Nick Hakes says.

“The NZ Retirement Expenditure Guidelines research is instrumental in guiding the decision-making of advisers and their clients, and that their financial plans align with the realities of retirement living in New Zealand.”

“Careful planning for your retirement living has never been so crucial as it is today. With a declining rate of home ownership in retirement and some retirees still expected to go into retirement with debt, it is vital that well-considered and professionally advised financial plans are put in place sooner than later,” said Dr Pushpa Wood, Director, NZ Centre for Financial Education and Research, Massey University. She added, “it is not about scaring people, rather it is about stating what is ahead and how we can all prepare for our retirement with careful planning.”