Changes to the Trust Law

Over the last 4 (or 17 depending on your source) years new legislation for Trusts has been working it’s way through the consultation and legislative process. It has now been passed into law as the Trusts Act 2019 and it comes into effect on January 30th 2021 and replaces two pieces of existing legislation –…

Online Relationship Break-Up Tool

The Ministry of Justice has released an online collection of information for people navigating a relationship break up. It says while it has had a lot of helpful information on its website, it has been told it could be overwhelming. “We took a look at how we were presenting information to people navigating a relationship break up…

Asia – the powerhouse

Despite the rhetoric (or it it the cause of the rhetoric?) from the USA, Asia is continuing to grow and becoming a powerhouse of Gross Domestic Product. These graphs show that: 1.The US and EU accounted for more than half of the global economy in 1980.  Today they combine to make up 31% 2. Asia’s…

ANZ further reduces fees for our clients

Over the last three years, Moneyworks clients have benefitted from reductions in fees from ANZ on the OneAnswer Portfolio Service and also on their KiwiSaver.  ANZ has announced further reductions in fees as follows. OneAnswer Portfolio Service from 1st August 2019 Particularly valuable to Moneyworks clients: There will be no custodial charge for cash management…