Cover art for podcast NZ Guide To Financial Freedom

NZ Guide To Financial Freedom

302 EpisodesProduced by Ryan J Melton & Greg MoyleWebsite

Everything you need to know about business, money, and life. https://ryanjmelton.co.nz/

9:50

Ep 147: Can KiwiSaver Lose All Your Money?

"Your answer — late last year — to the couple who were considering the impact of both having KiwiSavers with ANZ is a little misleading.

I would agree that they don’t need to consider “diversifying” across banks. However, the fact that the Reserve Bank has recently taken “further steps to strengthen (banks’) finances”, as you said, isn’t relevant here.

All KiwiSaver assets are held in separate custodial accounts (audited) where the assets are ring-fenced away from the custodial business. If ANZ, the bank, or even ANZ Investments, the manager, failed, they would have no recourse over those assets, and the supervisor would have the right to reappoint a different manager.

The reason I say this is there is a large percentage of the public who still believe that their assets can be “lost” by the manager. We should be educating them otherwise."

Source: February 8, 2020, NZ Herald Q&A Column.

If you're wanting your question answered on the podcast email me at ryan@oneplan.co.nz, send a voice message below or capitalise on our free online tools and advice: 

Disclosure statement available on request and free of charge

Educational emoji reaction

Educational

Interesting emoji reaction

Interesting

Funny emoji reaction

Funny

Agree emoji reaction

Agree

Love emoji reaction

Love

Wow emoji reaction

Wow

Are you the creator of this podcast?

Verify your account

and pick the featured episodes for your show.

Listen to NZ Guide To Financial Freedom

RadioPublic

A free podcast app for iPhone and Android

  • User-created playlists and collections
  • Download episodes while on WiFi to listen without using mobile data
  • Stream podcast episodes without waiting for a download
  • Queue episodes to create a personal continuous playlist
RadioPublic on iOS and Android
Or by RSS
RSS feed
https://anchor.fm/s/849ed48/podcast/rss

Connect with listeners

Podcasters use the RadioPublic listener relationship platform to build lasting connections with fans

Yes, let's begin connecting
Browser window

Find new listeners

  • A dedicated website for your podcast
  • Web embed players designed to convert visitors to listeners in the RadioPublic apps for iPhone and Android
Clicking mouse cursor

Understand your audience

  • Capture listener activity with affinity scores
  • Measure your promotional campaigns and integrate with Google and Facebook analytics
Graph of increasing value

Engage your fanbase

  • Deliver timely Calls To Action, including email acquistion for your mailing list
  • Share exactly the right moment in an episode via text, email, and social media
Icon of cellphone with money

Make money

  • Tip and transfer funds directly to podcastsers
  • Earn money for qualified plays in the RadioPublic apps with Paid Listens