Market & Portfolio Update - October 2022

14 November 2022 by Lifetime in Market Update

Market & Portfolio Update - October 2022

October provided a much needed reprieve for global share markets, rising 7.2% (in local currency terms). The month saw a number of companies report their latest earnings numbers, which at a broad level, were better than expected.

The NZ share market ended the month up 2.5%. Performance of the listed travel-related companies was particularly strong, with Tourism Holdings and Auckland International Airport up 32% and 7%, respectively. During the month, both companies upgraded their profit guidance due to increased certainty on revenues and tourism numbers.

The latest data shows New Zealand’s annual inflation rate to the end of September was 7.2%. This was a slight moderation from 7.3% in June but remains well above the RBNZ’s 1-3% target. Market expectations are now for the RBNZ to progressively raise the OCR to around 5% by May next year (currently 3.5%).

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