In Richard Klipin’s recent conversation with Bryce Doherty on Future Talk, the similarities and differences were explored between us and our closest neighbours across the ditch.
Of course, Richard has had a long history of working here in Australia, as the former head of the AFA, so his perspective was particularly relevant. He has deep experiences in both markets now, as the head of the FSC in New Zealand.
One thing was clear: although NZ is a much smaller market than Australia, they once again had done that incredible trick of bringing innovation to the market, in some cases much sooner than us. Their ability to take money from super for people to use as a deposit for a first home buy was particularly interesting, considering the debate that is happening around super and its purposes right now in Australia.
Advisers there have been through much legislative change, and Richard spoke at length about the challenges facing advisers who were also transforming to fee-for-service from a commission model, and the ongoing challenge to get people engaged in financial advice.
And while COVID-19 continues to rage around the world, it may be that our markets become closer than ever, as a ‘Tran-Tasman bubble’ emerges where Australians and New Zealanders can cross borders for both business and pleasure. This means it is more important than ever to understand the opportunities available, and share lessons and experiences for the greater good of both nations.
It is well worth your while to watch the conversations we recorded with Bryce and Richard, so click here to explore if there may be opportunities for you across the ditch.
Until next time,
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