Rate increases, or daylight robbery?

Join Nick Stewart, CEO and financial advisor at Stewart Group, and Tim Ewen, risk insurance manager, as they delve into the pressing issue of local authority rates in New Zealand. In this episode, Nick shares insights on the rates crisis, discussing the financial challenges faced by local councils and their impact on residents.

The conversation covers the reasons behind rising council rates, their contribution to national inflation, and the broader economic implications. Nick and Tim also explore the accountability of councils, the need for fiscal prudence, and the importance of voter engagement in local elections.

Tune in to gain a deeper understanding of how local government decisions affect your finances and what you can do to advocate for responsible spending.

Read the full 'Rates Crisis' article HERE

Important Time Stamps:

• 00:01:01 - Introduction
• 00:01:37 - Nick shares insights from his latest article about the rates crisis
• 00:03:26 - Explanation of local authority rates and their importance
• 00:05:34 - Discussion on council rates as a major contributor to national inflation
• 00:07:51 - The impact of rising council rates on residents
• 00:12:44 - Comparison of council accountability to business accountability
• 00:14:06 - Perceived arrogance and unaccountability of councils
• 00:17:46 - Questions voters should ask their mayoral candidates
• 00:23:34 - Final message to voters and the importance of asking difficult questions

The Adviser Talk is available on all popular streaming platforms, including Spotify and Apple Podcasts.

Nick Stewart is a Financial Adviser and CEO at Stewart Group, a Hawke's Bay and Wellington-based CEFEX-certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance & KiwiSaver solutions. 

The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visit our website, www.stewartgroup.co.nz

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