Welcome to the first instalment of The Digest, a podcast dedicated to financial professionals. Whether you're a financial adviser, sit on an investment committee, or simply want to keep up with the financial services landscape, this podcast is for you.

In this episode, we have Kernel founder and Chief Executive, Dean Anderson, sit down with Philip Macalister from Good Returns to discuss the history of the financial services industry in New Zealand over the last 30 years.

In this episode, we cover:

• How financial services became more regulated over time due to economic cycles and speculative behaviour
• Why New Zealanders are so obsessed with yield and income, especially concerning property and mortgage funds
• The 1987 stock market crash and its lasting impact on investing behaviour in New Zealand
• How mergers and acquisitions in the industry are prompting investors to conduct more research on where their money is invested
• Whether the power of branding influences the perceived trustworthiness of financial advisers
• How digital tools and compliance are shaping the trajectory of the industry
• Where Dean and Philip see the industry heading in the future

Disclaimer:

This is general information only and should not be relied upon as financial advice or recommendations. Investing carries risk, past performance doesn’t guarantee future performance. Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz