Podcast News Wrap For 22 April 2020

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Podcast News Wrap for 22 April 2020

Digital Signatures

The COVID-19 lockdown has forced the hand of some financial advisers to adopt systems so clients can sign agreements using their computer, tablet or smartphone.

Dean Logan, Managing Director at Logan Smythe in Christchurch, says a sudden event such as the COVID-19 lockdown means you either stand still and do nothing, or embrace change.

See our story – Digital Signatures Save Time and Money – to see how two advisers are getting business done without face-to-face meetings.

Life Under Level 3

New Zealand will move from Level 4 lockdown to level 3 at midnight on Monday 27 April. However, restrictions on freedom to travel, physical distancing, and trading, will continue for many.

Prime Minister Jacinda Ardern says Level 3 will continue for two weeks, during which time people must work from home if they can.

Bernard McCrae, Chairman of Newpark Financial Services, predicts that advisers will have to rely on video conferencing to speak with colleagues and clients.

Video Conferencing

The onset of the level 4 lockdown in New Zealand almost 4 weeks ago forced many advisers to find new ways to hold meetings with colleagues and clients.

Video conferencing platforms came to fore, but how easy are financial advisers finding them to use?

According to our latest RiskInfoNZ poll; 45% of you have adopted it ‘quite easily’; 41% are ‘learning fast’; 9% say it’s ‘not easy’; and 5% are happy to stick with the telephone.

Get in Shape Webinar

The Financial Services Council is holding a follow-up to its Get in Shape roadshow – held in February – with a webinar on Monday 27 April. The FSC’s Richard Klipin will talk about changes to the government’s regulatory agenda which was disrupted by COVID-19.

Economy

If you want to find out what’s in-store for New Zealand’s economy then Financial Advice NZ is hosting a webinar today – Wednesday 22 April – at 10am with economist Cameron Bagrie. He’s worked as an economist at the National Bank, Treasury and Statistics New Zealand.

Partners Life Rating

Global credit rating agency AM Best has affirmed Partners Life’s financial strength rating as A- (excellent) and its long-term issuer credit rating of A-. The outlook of both these credit ratings is stable, says Partners Life.