Market & Portfolio Update - July 2022

23 August 2022 by Lifetime in Market Update

Market & Portfolio Update - July 2022

Prices of goods and services have continued to rise, with inflation numbers exceeding expectations around the world. In New Zealand we hit a 30-year high of 7.3%. Since this was released there has been a drop in a wide range of commodity prices, including oil, which has given hope to investors that we may be past the peak of inflation.

Central banks continue to raise interest rates in an effort to slow down business and consumer spending and to bring inflation back to more sustainable levels. NZ, Europe and US are amongst a long list of central banks that increased rates by another 0.50%-0.75% in the last month.

Labour markets remain historically tight, helping the perseverance of the economy. The most recent data shows unemployment in New Zealand at 3.3%, considerably lower than the 5% average that has been seen over the last 15 years.

preview image - Lifetime Announces New CEO - Andrew Logan

Lifetime Announces New CEO - Andrew Logan

We are thrilled to announce that Andrew Logan has joined Lifetime's Senior Leadership Team as our new Chief Executive Officer (CEO). Reporting directly to Peter Cave, who remains our Managing Director, Andrew brings over 20 years of rich experience in financial services, encompassing national advisory roles, management, and business development across banking and insurance sectors.

13 June 2024 by Lifetime
preview image - Understanding Income Protection Insurance and Tax Deductions

Understanding Income Protection Insurance and Tax Deductions

Whether you're a business owner or earning a salary, income protection insurance can offer valuable financial security in uncertain times. But did you know that you may also be able to claim the cost of your income protection insurance as a tax deduction?

30 May 2024 by Lifetime in Accounting, Insurance