Changing market conditions
We see and hear a lot of things from the market and people we work with, and on the most part its usually quite positive.
But recently we have had a raft of reports that suggest that we are in for some rough seas with our economy. Trade deficit double what was expected, tough housing market in Australia expected to be tougher, housing here softening significantly, and general job data fairly stagnant.
Therefore we think we are in for some impact from unexpected directions. Which suggests people need to be thinking about redundancy insurance in their plan, if a 3-6 month job loss is going to put you under pressure.
Softening Aussie markets mean less spending, which means less income for NZ, which impacts businesses here, and that flows through to jobs in ways most don't expect.
We’re already seeing movements, and we are starting to see more redundancies than we normally would.
www.willowgroveinsurance.co.nz...
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