Showing posts with label new zealand. Show all posts
Showing posts with label new zealand. Show all posts

Wednesday, March 18, 2009

A land of milk & honey

Whether it was the lure of a better life or an escape from an existing one, New Zealand held the hopes and dreams that drew people to its shores, whether it was in the last year, last 100 years ago or thousands of years ago.

The British Government rallied people in the early 1870’s to recruit:
“married agricultural laborers and single female domestic servants, provided they were ‘sober, industrious, of good moral character, of sound mind and in good health.”  

Posters were put up & newspapers ran stories like this one from November 1873 in the Labourers’ Union Chronicle wrote,
“Not a farm labourer in England but should rush from the old doomed country to such a paradise as New Zealand – a good land – a land of oil, olives & honey – a land where in thou may’st eat bread without scarceness... Away then farm labourers, away!  New Zealand is the Promised Land for you,

There was a flood of immigrants, being enticed by the promise of a better life coupled with a range of cheap & free fares.

My Great Great Grandfather was one of those, a farm labourer who chose to leave Ireland back in July 1876.  I wondered what hope he & his family packed when they left an impoverished Ireland where demand for farm labourers had fallen by 16% due to cheap imports.  

Imagine a 31 year old George McCombs & his wife Kate with their 2 sons James aged 2 years & Charles who was 2 months sailing for 93 days to the other side of the world.  

Imagine you had been travelling on an old wooden boat for the last 3 months.  I start feeling bored travelling in an aircraft for too long.  The 18 hours it took to get the family to LA a few years ago seemed long enough, let alone 2,230 hours on a boat.  

There were 290 people, including 81 from Ireland, on the boat that came into Wellington Harbour in October 1876.  It’s hard to imagine what these pioneers would’ve thought about old Wellington.

The ship’s doctor recorded there were no accidents or sickness however 3 children under 2 died and one was born.

The ship’s passenger list was a mixture of families, single men and single women.  There were farmers, carpenters, a couple of tailors, a 16 year old teacher, servants, dairymaids and a range of others from all over England, Ireland, Scotland and Wales.

New Zealand wasn’t everything that people expected and about 40% of those who arrived in the 1870’s left again.

The McCombs family arrived in Wellington harbour but made their home in Christchurch.

Who would’ve thought that their eldest son, James, who left school after standard 6, would represent the Lyttelton seat in Parliament from 1913 to 1933 and when he died, his wife, Elizabeth would succeed him as New Zealand’s first woman Member of Parliament until she died in 1935, and their son (my grandfather) Terry would then hold the seat until 1951.

I’m sure George & Kate didn’t expect these things to happen, but by taking a risk and choosing to follow a path into an unknown world, they created opportunities for their descendants.  If they hadn’t taken that risk I wouldn’t be here today, just as if your ancestors hadn’t made certain decisions you wouldn’t be here either.

The dreams that our pioneering ancestors had still hold true for us today.  

Although we are told the world’s economy is in a recession and some say on the brink of a depression, we certainly have a better quality of life than a farm labourer in 1876, when the life expectancy for a male was only 50 & females could expect to live until 54.  Those born in 1876 only had an 86% chance of celebrating their first birthday.  Today we are concerned about outliving our savings and many are already choosing to continue working beyond the retirement age of 65. 

My 16 year old son was recently awarded a farming scholarship.  He had a dream for his future – of one day owning his own farm.  This is a dream that he had when he was 2 & he told me a story that he called “The Tractor Boy”.  We had visited an uncle on his farm and that had sown the seed.  He often talked about farming being in his blood.  Part of me believes that this dream of my sons, could’ve also been the dream of his great, great, great grandfather while working on a farm back in Ireland, that even if he wouldn’t maybe his descendants could own their own farm one day.

I encourage you to reflect on the hopes and dreams that your ancestors had.  The promised land we call New Zealand still holds great promise.  That promise is held within us – it’s people – He Tangata.  

Those hopes, dreams and aspirations exist for us all if we are prepared to take risks and look for the amazing opportunities on this sliver of land on the edge of the world, we have made our home.

Friday, February 6, 2009

My Waitangi Day speech


I am proud to be a New Zealander, to be a thread in our diverse and beautiful tapestry.

On Waitangi Day we can look around at our nation, our community, our neighbours and our whanau, the tangata who have chosen to make Aotearoa our home.

Whether we are tangata whenua or tangata tiriti, the Treaty of Waitangi is a frame like an unthreaded loom.  The threads on the loom that bind the nation are its' tangata!

Let us not just come together on this one day, but let us bind as a nation so together we can become stronger and cohesive.  

Let us stand proudly and acknowledge the past but focus our eyes firmly on the future and support each other to be the best little nation on the edge of the world!  

Together we will weave a future that we can individually and collectively be proud to call our home.

Saturday, April 12, 2008

CFP International Forum - 8 April 2008

It was interesting to get a perspective of where New Zealand is positioned on the international stage of financial planners at the recent forum in Christchurch.

The forum had representatives from Australia, South Africa, United Kingdom, United States in addition to attendees from other countries.

The number of Certified Financial Planners (CFP) has grown from 42 in 1973 to over 111,000 in 2007. New Zealand has 397 CFPs.

David Strege - United States
I enjoyed listening to David Strege who spoke about becoming a lifetime trusted advisor.

He shared the formula for calculating trust:

Trust = (Intimacy + Credibility + Reliability) / Self-orientation

Clients rate each of these values on a scale from 1 to 10 (1 is the lowest, 10 is the highest). The maximum score is 30.

For example if Intimacy is 7, Credibility is 9, Reliability is 8, and Self-orientation is 2, then Trust is rated (7+9+8)/2 = 12.

Further information is available at
www.trustedadvisor.com

David also made the comment that money itself is worthless, unless it is spent on something that is of value.

John Holland - Securities Commission
It was interesting and comforting to hear the commission talk about the approach they are taking to work with advisors to protect investors. He referred to an
illegal investment in 2001 as the reason for the disclosure regime.

Group panel discussion - Interesting points
Australia's main issues are:
- Regulation & licensing.
- A product-based (rather than advice based) system.
- Clients paying fees vs companies paying commission.
- Business costs.
- Recruitment, remuneration, retention and succession.


South Africa's main issues are:
- 48 million people, but only 5 million tax payers.
- Upfront vs renewal commission.

United Kingdom's main issues are:
- Strong sales focus from product providers vs advice focus.

United States main issues are:
- Regulation.
- New clients.
- Time management.
- Lack of effective regulation despite state licensing.
- Costs (5% spent on rent, 7% spent on regulation).

Hon Lianne Dalziel - Minister of Commerce
The minister's full speech is available on her
website. Note her final statement where she will keep repeating the need for investors to be wary of dealing with anyone providing financial advice who is not a member of a professional body.

The timeframe for regulation was 2010. Members of professional bodies should feel confident about the changes. The goal is to grow investor's confidence.

Further information

You can find out more about the Financial Planning Standards Board at
www.fpsb.org

Copy of the slides are available at
www.ifa.org.nz under the members section.

Recent article entitled Australian advisers do it better

Saturday, February 16, 2008

Professional membership for Financial Advisors

On the 29th of February 2008, investment advisors in New Zealand will need to provide a Disclosure Statement before giving advice.

It's a good idea for advisors to be a member of a professional organisation.

There are a number of organisations to choose from. The links below take you to the membership application areas of each organisation.

Australian and New Zealand Institute of Insurance and Finance (click)
Their website describes the organisation as the leading membership body for insurance and financial services professionals in the Asia Pacific region. Institute members belong to a community of more than 12,000 insurance and financial services professionals who are respected for their up-to-date skills and knowledge and integrity.

Institute of Financial Advisers (click)
The Institute of Financial Advisers' website states that they are the professional body for insurance advisers, investment advisers and financial planners. The Institute is an industry leader, representing over 1400 financial advisers throughout New Zealand.

Life Brokers Association of New Zealand (click)
Their website states that this organisation represents professional independent life insurance brokers in New Zealand and facilitates the professional development of life brokers and sets a standard of excellence within the industry.

Professional Advisors' Association (click)
According to their website, the PAA's primary purpose is to provide a full range of Professional Association services to its members (life insurance, investment and mortgage advisers).

Society of Independent Financial Advisors (click)
Their mission statement is to ensure members of SIFA provide the public with independent financial advice while upholding the highest professional and ethical standards.

In addition to these organisations, there are also industry bodies and associations.

Monday, January 28, 2008

Travel tips for New Zealand #3 - Rotorua


Paradise Valley Springs advertises being able to pat lion cubs as its main draw card, however in my opinion the fresh water spring was the highlight.

Make sure you take a drink bottle so you can fill it directly from this amazing spring. The water is cold & so very fresh.
The animals are varied and interesting and you are able to pat many of them. You can buy a small bag of grains to feed the animals and trout as you walk around.
It's worth packing a picnic although a small cafe is on site.

Sunday, January 27, 2008

Travel tips for New Zealand #2 - Rotorua

We were a little disappointed at the quality of the motel in Rotorua. Don't always believe what you see on the internet. The mineral plunge pool was more of a paddling pool. My advice is to do your homework first.

The first attraction we went to was the gondola & luge. This was a lot of fun & I would highly recommend it. The gondola provides some great views. The luge is a huge amount of fun, for all ages & abilities. It is very safe.

There are lockers available for your bags at the top of the gondola plus food and a souvenir shop. You can buy photos of yourself as you speed down the luge course or travelling in the gondola.

Best to go early in the day during busy periods as the course fills up but the lines were well managed.

Saturday, January 26, 2008

Travel tips for New Zealand #1

I had an idea to share what we did & learnt on our holiday to Rotorua, Taupo & Auckland (North Island, New Zealand), so that others might also have a memorable and enjoyable experience. I'll post a few blogs over the next few days/ weeks.

We travelled by van, breaking up the journey with regular stops.

One of the best things we did was to give each family member (Mum, Dad, 2 girls & 2 boys) a sports bag. If something didn't fit, we didn't take it. This meant there was no excess luggage or cramped conditions in the vehicle.

When travelling in New Zealand in summer take:
Sunscreen
Sunhat
Sunglasses
Shorts
Pants
Tops
Socks
Swim wear
Enough underwear for the whole trip
Laundry bag
Camera
Journal or travel diary
Map
Drinks & nibbles
Good footwear

Tap water is safe to drink.

New Zealand is generally a safe country to travel in, but like every country has its criminal element. Lock valuables away and don't stray from groups late at night.

By planning ahead you will make the best use of your time in this beautiful country.

Thursday, June 7, 2007

Congratulations Team New Zealand!


What can we learn from Team New Zealand winning the Louis Vuitton Cup?

I remember the team motto from the last series - "Will it make the boat go faster?"

Each team member's focus was on making the boat go faster, but as we learnt from the last series speed can sometimes come at a cost.

This race series proved that the team had achieved a balance between making the boat go faster & getting it across the finish line first (in one piece).

By understanding and focusing on the important things in our business we can be so much more successful.

What do you do every minute of every day that will make your boat go faster (in one piece)?

Sunday, March 11, 2007

Do one thing really well

You may have read Jim Collins' book (www.jimcollins.com), Good to Great, in which he uses the fable about the hedgehog & the fox to illustrate this point.

A real life example is a New Zealand company that makes quality (field) hockey gear for goalies around the world (
www.obo.co.nz). When you think of the number of hockey teams, let alone the number of goalies, you wouldn't think there was much of a market. But these guys are the experts and have a HUGE market share of the global hocket goalie market. If you are a hockey goalie, you would want get your gear from these experts.

  • What is one thing you do really well?
  • What could you be seen as the authority of?
  • If someone wanted what you offer, would you be the first place they thought of?