Any successful career will at one point see a peak and then a decline. There comes a point in time when past successes become questions asking, ‘can I do it again?’ The dilemma of the past is one that often confronts investors who visit an adviser for the first time.
There’s a lot of fear about what happens next in financial markets and across the world economy. What should you do in response? Firstly, as always, our advice is to do nothing. We know you’ve heard us say this before, but in this instance, it’s even more important you don’t panic and don’t react.
On 30th July, an important piece of legislation which affects many people received a Royal Assent but received little media attention. It’s the Trusts Act 2019. With New Zealand having the highest number of trusts per capita in the world, new landmark legislation has critical implications for the thousands of trustees and many more beneficiaries of these structures.