Cin7 Acquires DEAR Systems, Orderhive to Create SaaS Inventory and Order Management Leader
- : Cin7
- : 18/02/2021 08:00
Combines leading capabilities of all three brands to offer complete range of solutions for all types of product sellers and sales channels
DENVER – Feb 17, 2021 — Cin7, a pioneering inventory and order management software company, today announced it has acquired DEAR Systems and Orderhive, forging a leading SaaS provider of inventory and order management software for all types of product sellers.
“The combination of these three great products covers the full range of product seller needs, immediately creating a significantly larger and fast-growing company with a massive global market opportunity,” said Cin7 CEO David Leach. “Together, we will empower product sellers to thrive and accelerate our growth by continuing to do what we each do best, working together to get every customer the best product for their needs, regardless of how they find and engage our combined business.”
Cin7 helps reduce the cost, time and effort of selling products for thousands of small to mid-sized businesses. The acquisition of DEAR Systems and Orderhive extends Cin7’s ability to help product sellers with shipping, manufacturing, warehouse management and automations. DEAR Systems brings added manufacturing functionality and a simplified user interface, which are perfectly suited to small- and medium-sized businesses (SMBs) and manufacturers. Meanwhile, Orderhive takes ecommerce capabilities to the next level and is a perfect choice for high-volume, high-velocity native ecommerce sellers. Now, with a greater range of solutions to fit any budget, the combined Cin7 does even more to reduce the reliance on disconnected software solutions and manual processes.
“DEAR Systems’ success has been driven by rapid product development and strong relationships with our partner network,” said Dr. Serguei Piltiaev, DEAR Systems founder and CEO. “Our team will continue to innovate as part of Cin7, offering a robust, intuitive solution for SMBs and manufacturers.”
“Joining with Cin7 is the latest milestone in Orderhive’s rapid growth story,” said Niraj Patel, Founder of Orderhive. “Cin7 is gaining one of the industry’s leading ecommerce solutions along with a very skilled development team. We view this combination as an opportunity to further accelerate Orderhive’s growth in new markets, together with Cin7 and DEAR.”
With the acquisitions of DEAR Systems and Orderhive, Cin7 now serves over 6,000 product sellers globally.
Media Contact:
Doug LaBahn
###
About Cin7
Cin7’s inventory and order management platform connects more than 550 ecommerce platforms, online marketplaces, 3PL warehouses, and native EDIs in one solution, helping retailers and product sellers quickly and efficiently get their products to customers wherever they are, from any channel. Cin7 was founded in New Zealand and supports product sellers in 25 countries. In early 2020 Cin7 established a significant US presence to serve its growing customer base and accelerate growth in the North American market. Every month, millions of orders flow through the platform, representing over a billion dollars of product sales, as Cin7 helps growing brands sell more products, to more customers, in more places.
About DEAR Systems
DEAR Systems is a cloud-based inventory management software platform serving more than 3,000 small-to-medium sized retailers, wholesalers, manufacturers and eCommerce product sellers. Founded in 2012, DEAR is an acronym for (Double Entry Accounting Records). DEAR started off as an Inventory Management add-on application for Xero and Quickbooks Online helping their SMB customers move to the cloud from legacy accounting software. Today, DEAR Systems is privileged to offer exceptional cloud ERP software to customers in over 75 countries. DEAR’s mission is to provide enterprise level tools to enable small businesses thrive and succeed on a global stage while competing with larger enterprises without the costs and complications of typical legacy ERP software.
About Orderhive
Orderhive is a SaaS-based solution that brings order, shipping and inventory management functionalities in one platform. It facilitates multi-channel order processing, streamlines back-end processes, and maintains a real-time inventory tracking system. Orderhive is a SaaS-based solution that brings order, shipping and inventory management functionalities in one platform. Orderhive provides seamless integrations with leading marketplaces like Amazon, eBay, Etsy etc, shopping carts like Shopify, Magento, WooCommerce, etc, shipping partners like FedEx, USPS, UPS, DPD etc, accounting software like Quickbooks & Xero in a unified business tool. It has recorded 2500+ clients across the globe. Orderhive comes with a 15-day free trial and provides 24X7 customer support to its users.
- : Doug LaBahn
- : CMO
- : DougL@cin7.com
- : 6498897150
Exciting New Zealand-Based Freelance Website Answers Roaring Freelance Economy
- : Skill Connect
- : 05/02/2021
SkillConnect connects businesses and freelancers in an erupting remote work environment
New Zealand, (February 5, 2021) — SkillConnect is an exciting new freelance website that was created to answer the incredible demand for remote work opportunities brought about by the COVID-19 pandemic.
While the website is operated in New Zealand, it presents businesses and freelancers with an opportunity to work with each other from virtually anywhere around the world. Account registration is free for both businesses and freelancers.
Officially launched in late 2020, SkillConnect was built from the ground-up as an innovative freelancer platform that is easy to use for both businesses and freelancers.
The site actively evolves and adapts to changes in demand, services, and feedback from its users. As the site continues to grow, more features will be added to better serve its users.
The hiring process for a freelancer is notably simple, and can be broken down into four steps:
- Post a job or project
- Connect with freelancers
- Chat and share files
- Pay only after the project is completed or upon mutual agreement
With the demand for freelance work on the rise, SkillConnect seeks to supply the demand for freelancers, both in New Zealand and abroad, “More people than ever are looking for opportunities to use their skills to make money online,” says the founder of SkillConnect, Sathya Parlapothula.
“There is also a huge demand for freelance work, particularly from small businesses who want more economical options to hiring full-time employees. The fit and the opportunity were both there to make this successful,” Sathya Parlapothula says.
About SkillConnect
SkillConnect is a New Zealand-based online freelancing site that connects businesses and freelancers all around the world. It was launched in November 2020 and continues to see a growing number of registered freelancers and businesses.
For more about SkillConnect, visit:
www.skillconnect.co.nz
For more information, please contact:Name: Sathya Parlapothula
Email: hello@skillconnect.co.nz
- Skill Connect Press Release 05 Feb 2021
- : https://youtu.be/iPDNZC-AaqI
- : Sathya Parlapothula
- : CEO
- : hello@recruit.nz
- : 043901205
- https://www.facebook.com/skillconnectnz | https://twitter.com/SkillConnect1 | https://www.instagram.com/skillconnectnz/
Portainer.io Launches Portainer Business Edition, Bringing Simplified Container Management Platform to Enterprise Scale
- : Portainer.io
- : 10/12/2020 07:00
Auckland, New Zealand, December 10th, 2020 – New Zealand-based Portainer.io, creator of open source tools to easily manage containers, has launched Portainer Business, which adds premium business-critical features to its container management platform.
Growing to 500,000 open source users in just two years, Portainer.io is anticipating rapid uptake of its business offering, particularly given the recent introduction of support for Kubernetes.
Portainer Business is built on top of Portainer.io’s beloved open source platform, which simplifies container management and orchestration without compromising functionality. Portainer Business serves the CIO and CISO community by offering the enhanced control and security needed to run Portainer in corporate Kubernetes, Docker, and Edge environments.
The new product also incorporates the rigorous pre-release testing and comprehensive support business users need for an annual license fee, while continuing to decrease complexity and humanize container management.
Complexity and security are two of the top challenges facing teams deploying containers, according to CNCF data. Portainer Business solves both.
“We are thrilled to launch Portainer Business today because it will enable Portainer.io to remain true to our open source roots,” said Portainer.io CEO and Co-Founder Neil Cresswell.
“We are a small team with big ambitions for our open source software and we want to be able to continue to innovate and respond to development requests from our community. With Portainer Business, we can meet the needs of commercial users in a sustainable way while continuing to fund Portainer’s open source Community Edition.”
Portainer.io is well-equipped to support a proven model of offering both paid and open source versions of its product. The Portainer.io team is spread across four continents and covers every time zone and multiple languages. As Portainer Business gains traction, the company will grow its support footprint further and work with partners to amplify its uptake.
By volume of users, Portainer.io is already one of the most successful software ventures to come out of New Zealand. Earlier in the year, the company attracted an initial seed funding round of US$1.2 million to fast-track its growth plans and is looking to rapidly convert its open source success into global revenue generation. Portainer Business is launching with more than 800 users already onboard and a backlog of 250 self-identified early adopters waiting to get their hands on its software.
—
About Portainer.io
Portainer.io was born in 2017 from founders Neil Cresswell and Anthony Lapenna’s own struggle to learn Docker, with the vision to create a simple GUI-based tool to manage Docker – regardless of whether it was deployed standalone, in a cluster, on-premise, at the edge or in the cloud. In August 2020, the project was expanded to include support for Kubernetes and Azure ACI as well as retaining full support for Docker & Docker Swarm. Portainer Community Edition currently has over 500,000 global users. Portainer Business is the first business product Portainer.io has offered in its quest to humanize container management and orchestration. The team most recently raised a $1.8M NZD/$1.2M USD seed round in August of 2020.
- Neil Cresswell
- : https://youtu.be/YiNyx_qhUOQ
- : Savannah Peterson
- : Publicist for Portainer
- : Savannah@SavvyMillennial.com
- : 18055501998
- : http://Portainer.io
- https://twitter.com/portainerio | https://www.linkedin.com/company/portainer | https://www.youtube.com/channel/UC7diMJcrULjDseq5yhSUZgg
New Zealand’s Newest Online Job Portal Goes Live
- : Recruit
- : 01/12/2020
Recruit.nz launches innovative employment site that connects local job seekers and employers
New Zealand, (December 01, 2020) — Recruit.nz, New Zealand’s newest and most innovative online job portal has just launched and is already connecting job seekers and employers.
What makes Recruit.nz attractive is It is smarter, easier and affordable for everyone to use for both job seekers and employers. Recruit.nz set out to deliver a premium service that is accessible to job seekers and businesses of all sizes.
Premium features come standard for employers on the site.
These features include:
- Custom hiring teams, where an employer can create approval systems to evaluate applicants.
- An integrated To-Do List, which is an innovative feature where your hiring team can keep track of the team’s tasks and recruitment operations all within the site.
Supporting local businesses in an atypical way is one of Recruit’s goals, “We wanted a way to support people who were looking for jobs, and also the businesses that were hiring them,” says Recruit’s founder, Sathya Parlapothula.
“By giving local businesses a site where they can post their jobs for free, and take advantage of enhanced features like custom branding, manage hiring teams & applicant management tools if they so choose, we feel we are able to help our economy move forward from what was a very difficult year for many,” says Sathya Parlapothula.
About Recruit.nz
Recruit.nz is an all-inclusive online job portal based in New Zealand that launched in November 2020. They believe in working smarter, not harder. That’s why they created a portal like no other. No matter if you are looking for a job or looking to fill a job, they help make the process easier and faster than any other local job site around.
- : https://www.youtube.com/watch?v=jUDM1nDTf1A
- : Sathya Parlapothula
- : CEO
- : sathya@recruit.nz
- : 043901205
- : https://www.recruit.nz/
- https://www.facebook.com/Recruit-New-Zealand-115590076985758 | https://www.linkedin.com/company/recruit-new-zealand
‘Kiwi invasion’ – Flintfox wins big on global stage with Microsoft.
- : Flintfox International
- : 28/07/2020
Flintfox honoured by Microsoft for outstanding sales achievement and innovation.
(Auckland, New Zealand, July 28, 2020) – Flintfox International, a disruptive innovator in pricing and rebate management and Gold Microsoft partner in the development and implementation of Supply chain solutions , are honoured to receive the 2020 MSUS Partner Award for Retail.
Flintfox is also proud to have achieved prestigious 2020/2021 Inner Circle status. Membership in this elite group is based on sales achievements that rank Flintfox in the top echelon of the Microsoft Business Applications global network of partners. Inner Circle members have performed to a high standard of excellence by delivering valuable solutions that help organisations achieve increased success. For the 4th time, Flintfox has been selected out of thousands of partners for this elite membership.
“Each year we recognise Microsoft Business Applications partners from around the world for delivering innovation and driving unsurpassed customer success,” said Cecilia Flombaum, Microsoft Business Applications Ecosystem Lead. “Our Inner Circle members are chosen based on their business performance as well as capabilities as an organisation, whether that’s creating IP, developing solutions, or having an industry leading focus on digital transformation. Microsoft is honoured to recognise Flintfox for their achievements this past year, their dedication to our customers, and their innovation around the Microsoft Cloud.”
2020/2021 Inner Circle members are invited to the Inner Circle Virtual Summits, taking place quarterly between July 2020 and June 2021, where they will have a unique opportunity to share strategy and network with Microsoft senior leaders and fellow partners.
The Microsoft US (MSUS) Award program was developed to recognise outstanding achievement by their US partners. Flintfox was up against a competitive nomination pool and rose to the top amongst hundreds of other partners and ISV’s.
Flintfox, with their best of breed solutions for managing supply chain revenue, together with Microsoft, enable companies to achieve more in the US and beyond. With Dynamics 365 Finance and Supply Chain Management and the Flintfox pricing and rebate management solution, there has never been such a complete and powerful tool available for Supply Chain companies. Flintfox are proud to have had their achievements recognised by Microsoft.
Many clients have trusted Flintfox to implement Dynamics 365 along with their Revenue Management suite of products.
“Supply chains are complex these days and managing pricing and incentives accurately for companies can be the difference between profit and loss. With Microsoft’s commitment to ERP innovation, breadth of functionality, and ease of use, Flintfox complex pricing and rebate management provides a true competitive advantage. With our Dynamics 365 offerings and our deep domain expertise along with our revenue management software, we are not just competing, we are winning. To be selected as a top partner for the prestigious Inner Circle Award is another indicator of the success of Flintfox in sales and innovative, industry-leading supply chain software.
We are proud that our outstanding achievements globally have been recognised by Microsoft US. All the more extraordinary is the size and scale of North America and thinking back to our humble beginnings in New Zealand. This is a fantastic reflection of the leading Dynamics implementation expertise we have in North America and is a great testament to our company as we continue to grow in scale and influence. Looking forward to achieving even more wins with Flintfox and Microsoft – we make an incredible team.” says Flintfox CEO and Chairman, Mike Ridgway.
Flintfox has over 15 years of leading collaborations with Microsoft as an ISV, resulting in dozens of happy Dynamics AX and Dynamics 365 ERP clients getting the solutions they need to succeed and grow. As well as bringing extended functionality to D365, Flintfox has recently developed the RMx hyper-speed pricing engine in the Azure cloud, that works with any ERP, to complement the Trade Revenue Management (TRM) Suite for Dynamics. RMx delivers 5,000 complex prices calculated per second in Azure. There is currently no other solution like it in the world.
-ENDS-
About Flintfox
Flintfox provides best of breed Trade Revenue Management (TRM) solutions for resolving revenue challenges across the supply chain. They have over 30 years of expertise delivering TRM solutions to over 125,000 users across 25 countries within the manufacturing, wholesale distribution and retail industries. Their TRM software, for both buy and sell-side operations, integrates with any ERP and enables accurate, real-time calculations for complex revenue activities including price management, promotions pricing, rebate management, claims and deductions. As a Microsoft Gold Partner, Inner Circle Member and one of only 10 software developers managed globally, Flintfox also provides consulting and implementation services for Microsoft Dynamics applications. Flintfox operates across North America, South America, Europe and Asia Pacific, with headquarters located in New Zealand.
- : Chris Spence
- : Chief Marketing Officer
- : cspence@flintfox.com
- : 6421899595
- : https://flintfox.com
- https://www.linkedin.com/company/flintfox/ | https://twitter.com/FlintfoxIntl | https://www.facebook.com/flintfoxintl/
Regional and Rural Schools take out National Digital Titles
- : IT Professionals NZ
- : 08/12/2019
Smaller regional and rural schools from across New Zealand swept the National Finals for the Tahi Rua Toru Tech in-school challenge this year.
The 2019 National Winners were announced at a gala event at TSB Arena in Wellington, following 10 regional finals held across New Zealand in October. The National Finals were attended by the regional winning teams with students coming from around the country.
As part of the Tahi Rua Toru Tech Challenge, teams of 3-4 students find a problem in their local school or community and use digital technologies to solve it. Teams are paired up with tech industry mentors and given support and resources. Over 6500 students participated in the Challenge this year.
IT Professionals New Zealand CEO Paul Matthews said today that “Regional and Rural New Zealand were the winners this year, with winning teams coming from Hāwea Flat near Wanaka, Morrinsville, Rotorua and New Plymouth”.
At the Discovery level (years 0-5), Hāwea Flat School’s Team Happy Hawea took out the title, completing a set of challenges in the fastest time. It came down to split-seconds in the end and was hotly contested.
Morrinsville Intermediate’s Team Thunderbolts took out the First Challenge (years 6-8), creating an app game to encourage fitness by getting the user to move around Morrinsville to scan QR codes whilst seeing the ‘Herd of Cows’ (sculptures) on display within their town.
John Paul College, Rotorua’s Team ShumbaLeon won the Secondary level (years 9-10), created a website showcasing cultural diversity in their school and a platform for students to share their own stories and culture with other students.
And Sacred Heart Girls College, New Plymouth’s Team Red took out Senior Secondary (years 11-13), creating a medication box that sends bluetooth messages to your phone to remind you to take your medication, and has a motion sensor and lock and software designed to reduce under or overdosing.
The Ministry of Education’s Deputy Secretary for Early Learning and Student Achievement Ellen MacGregor-Reid helped announce the winners and was seriously impressed by the level of innovation. “A huge scale of learning has clearly gone on in the challenge. The majority of the students didn’t know how to write any code at the start – and yet that was such a stand-out feature of the innovations I’ve seen,” MacGregor-Reid said.
As part of the National Finals, the Digital Technologies Teachers Aotearoa (DTTA) and IT Professionals New Zealand recognised an influential teacher who has made a huge difference to digital tech. This year the Ali Chivers Teacher Influence Award went to Julie MacMahon from St Hilda’s Collegiate School in Dunedin.
“I’ve known Julie for several years, working with her on bringing about the changes to the Digital Technologies curriculum. She’s an inspiring and energetic teacher who contributes so much to her students and their profession,” Matthews said. “A very worthy choice.”
The Challenge will enter its third year in 2020 and is part of a suite of resources and tools to help teachers and schools implement changes to Digital Technologies and Hangarau Matihiko in the Curriculum in a safe and supported way.
ENDS
About Tahi Rua Toru Tech
Partnering with the Ministry of Education, the IT industry is supporting the introduction of the new Digital Technologies & Hangarau Matihiko (DT&HM) curriculum into schools and Kura with the 123Tech Challenge.
In the challenge, small teams of 3-4 students complete a project-based challenge either in-class in schools, or through a local Code Club. Most will complete it as a classroom activity, but the model caters to both. The 123Tech Challenge is for everyone, not just tech geniuses (although they’re welcome too!). Schools are also partnered with an industry mentor, and the Challenge provides all the guidance and support students need to make a real difference.
Tahi Rua Toru Tech is being delivered by a partnership of not-for profit organisations led by IT Professionals NZ and started in its current form in 2018.
The National Finals were held on Thursday 5th December 2019.
To learn more about Tahi Rua Toru Tech visit https://123tech.nz
To learn more about Digital Tech/Hangarau Matihiko, http://education.govt.nz/digitech.
- All
- : Paul Matthews
- : Chief Executive
- : ceo@itp.nz
- : 021705212
- : https://itp.nz
- https://www.facebook.com/123tech.nz/ | https://twitter.com/123tech_nz | https://www.instagram.com/123tech.nz/
Government’s proposed Landfill Levy increase will have no impact on plastic waste
- : plastic2parliament
- : 28/11/2019
This week the Government announced a long awaited and welcome proposal to increase the landfill levy in order to encourage behaviour change away from dumping to more recovery, recycling and reuse. However, the increased levy will have no effect on the volumes of plastic waste entering the economy, our landfills and the environment, according to plastic2parliament.
“Currently plastics account for around 8% of total waste by weight, but as much as 20% of landfill by volume and that’s an enormous proportion of the waste problem.” said Wade Bishop, initiator of the plastic2parliament letter writing initiative. (Ref. Recycle.co.nz)
“With the landfill levy based on weight there’s no incentive in this to move away from plastic packaging or other avoidable plastics that end up in our landfills and environment.” Wade Bishop said.
Plastic2parliament is encouraging New Zealanders to ask all political parties what their plastic reduction policies are by penning letters to MPs in Parliament, via the Parliamentary free-post address while also stuffing their large envelopes full of non-recyclable plastics to illustrate the plastic waste problem.
“We are asking political parties and Government to focus regulation on the producers of plastic packaging targeted at simply making less of it.” said Bishop.
The global oil industry is currently investing US$180 billion in new plastic production plants to increase production by 40% in the next 10 years. This immense supply-pressure will create a further explosion in plastic volumes here in New Zealand and the increased landfill levy will have zero effect on that. This is an over-production issue that needs urgent regulation where the problem starts: the producers.” he said.
The Plastic2parliament initiative believes that an immediate impact can be made on plastic waste by extending bans across wide categories of avoidable single-use plastics, such as cutlery, dishes, cups, takeaway containers and even bubble and pallet wraps.
The initiative also advocates a Plastic Tax on imported virgin plastics used to manufacture single-use packaging and on imported new plastic packaging.
“While the landfill levy will have a negligible effect on the cost of dumping plastic packaging for New Zealanders, it still gets under your skin having to pay even more to get rid of a toxic waste that you didn’t ask for in the first place.” Wade Bishop said.
Plastic2parliament continues to grow quickly with membership numbers of the Facebook Group reaching more than 1000 people sending more than 720 letters and plastic parcels to MPs since beginning in early October this year, including another 90 to Minister for the Environment, David Parker, this week.
ABOUT PLASTIC2PARLIAMENT
Plastic2parliament is a letter-writing initiative started by Wade Bishop of Christchurch which encourages New Zealanders concerned about single-use plastics to include these products with their letters to M.P.s using the Parliamentary Free-post address. The purpose of the initiative is to creatively emphasise how these non-recyclable products cannot be avoided by consumers and that the actual cause of plastic waste is over-production and use by manufacturers. We seek to have M.P.s advocate for meaningful plastic waste reduction policy within their respective Party focused on packaging producers.
Oil companies are investing US$180 billion right now to increase virgin plastic production by 40% before 2030. This enormous supply pressure has already created an explosion in single-use packaging globally. New Zealand will not be immune to these supply pressures and is poorly placed to deal with the waste volumes that will eventuate. (Ref. theguardian.com; and sciencemag.org)
- plastic2parliament_mailing David Parker
- : Wade Bishop
- : Initiator
- : plastic2parliament@gmail.com
- : 021432045
- : https://www.facebook.com/groups/plastic2parliament
- Twitter: @plastic2parlia1 | Facebook: @plastic2parliament
Climate Change and Mental Health top priorities for Port Hills nomination – Joe Davies
- : Joe Davies
- : 03/11/2019
-
I’m standing to represent the millennial generation and to broaden the debate around mental illness and climate change, Labour Party member Joe Davies said today.
Joe Davies is a 25 year old activist and a member of the Port Hills Labour electorate committee. Mr Davies was formerly the Head Boy at Linwood College through the 2011 earthquakes and at 19 he was elected on to the Hagley Ferrymead Community Board. After completing one term on the Community Board Mr Davies decided to pursue a career in nursing.
“I’m currently coming to the end of my nursing education and its given me a deep insight into the health of our people,” Mr Davies said.
“I have been impressed by the work of the Ardern Government in dealing with chronic underfunding from the Key Government era and giving our health workers greater facilities and resources.”
Davies says that if he is unsuccessful in the race to become the next Labour Port Hills nominee he will enter psychiatric nursing at Hillmorton Hospital.
“Those that end up as inpatients at specialist mental health services are some of the most traumatized and vulnerable people you will ever meet. We have to do everything we can to give them the tools to recover and contribute to society.
“I’m putting myself forward for the vacancy created by Ruth Dyson who has been a wonderful community focussed parliamentarian, because I want to be part of this Government that is reshaping our mental health system.
“I have also been inspired by the youth movement that is winning office across New Zealand.
“You only need to look at the local government election results to see that the voters are wanting to pass on the baton to competent young candidates.”
Davies is also standing to broaden the debate around climate change.
“Voters in the Port Hills are switched on about the environment and the need for action on climate change. I believe that I can best represent their interests both for the Labour nomination and the upcoming 2020 General election,” Mr Davies said.
For more information:
Joe Davies – (027) 552 1295
- DAVIES2020portrait
- : http://davies2020.co.nz
- : Joe Davies
- : Candidate for Labour Port Hills nomination
- : JoeDavies195@gmail.com
- : 0275521295
- : http://davies2020.co.nz
Expat Brit Makes Extra $280,000 on Pension by Transferring to New Zealand
- : Lyfords Pension Transfer
- : 10/10/2019
The on-going Brexit negotiations and subsequent demise of the UK exchange rate have left many British expatriots who have moved to New Zealand wondering what to do about their UK pensions.
Should they wait for a more favourable exchange rate, or bite the bullet and transfer their pensions now – knowing that it could get far worse before it improves?
Alison Renfrew, pension transfer specialist at Lyford Investment Management, has been advising British expatriots for 17 years on their options for transferring their pensions. She recommends that with some exceptions, transferring now is probably the better option.
Why?
“Firstly, if you’re worried about the exchange rate, you can keep your funds invested in GBP and convert them into NZD years in the future,” says Renfrew.
“More importantly though; pension transfer values seem to be really high at the moment.
“I advised a client earlier this month that her transfer value had increased by 25% in just six months. She now has another £145,168 ($281,776NZD) to transfer. This is phenomenal”.
Renfrew has not seen such a dramatic positive change in transfer values before.
On the very same day, Renfrew had a conversation with another client about her pension transfer value. She was offered a Cash Equivalent Transfer Value (CETV) of £59,731, or a pension of £900 p.a.
You would have to receive £900 p.a. for 66 years before you broke even – before you saw any investment returns from your retirement savings.
“It is 100% illogical to accept such a lousy deal,” Renfrew says.
When Renfrew compared current CETVs with promised pensions, she found little incentive to choose to have a taxable pension paid from the UK compared to receiving a far higher non-taxable income in New Zealand based on realistic investment projections.
“What Brits really don’t like is knowing that if they die prematurely their spouse will only get half of the income. In some cases, the spouse gets nothing”.
A major benefit of taking control and investing your transfer value to provide you with a retirement income is that you can access your money if you need to. Conversely, there’s no access to your retirement pot if you’ve elected to take a pension.
“Where is your financial security if you can’t access your money in an emergency?” Renfrew asks.
There are a couple of exceptions, of course.
Renfrew cautions Brits and returning Kiwis not to transfer their pension funds if they are uncertain where they’ll live for the five years after they have transferred their pension funds to NZ, due to tax obligations.
Renfrew further cautions that before deciding to transfer you need professional advice to ensure that all your options have been considered.
“Maybe you are one of the few who have a very attractive pension, and converting to cash would be madness.
“You really need to seek independent advice from a New Zealand investment adviser specialising in pension transfers before making the decision to transfer, because individuals simply don’t have access to the same resources advisers do. It’s important to make informed choices.”
Alison and Richard Renfrew of Lyfords have been specialising in UK to New Zealand pension transfers for over 17 years. Visit their website to find out more.
- photo of the london eye
- : Alison Renfrew
- : Certified Financial Adviser
- : alison@lyfords.co.nz
- : 0800459367
- : https://uk-pension-transfer.co.nz/
- https://www.facebook.com/Lyfordsukpensiontransfers/ |
Varidesk Looks To Transform The Kiwi Office Working Environment
- : VARIDESK New Zealand
- : 02/10/2019
Varidesk, a popular international brand that has been making inroads into the New Zealand market, is looking to change the traditional Kiwi office working environment with its innovative standing desks.
These desks allow for an easy transition between sitting and standing when working and feature desk converters that can even transform a normal desk into a sit-stand desk.
Varidesk NZ Director Dave Roberts says having a working environment that involves intermittent periods of sitting and standing can dramatically improve employees’ productivity, happiness and overall well-being.
“We are delighted to bring to market an exciting desk alternative, which will improve the work life of employees and home workers alike,” says Roberts.
“Companies are finding it harder than ever to recruit and retain talented employees. Creating an active workspace that thrives off employee energy and happiness is now integral to attracting the talent you need to grow your business.”
Varidesk standing desks are being used by organisations such as Sanitarium, PowerCo, and Victoria University – and for good reason, says Roberts.“Recent studies have shown using a height-adjustable desk improves mood and boosts energy levels along with health improvements such as reduced risk of type 2 diabetes, cancer and heart disease,” he says.
Roberts notes that when people first start using a Varidesk they usually notice within a few days that their back and neck pains are either significantly reduced or dissipate completely. Notable improvements also include energy and focus.
“Since using the VariDesk, I’ve had fewer issues with back pain and am finding my posture improving each day incrementally. I’ve also noticed my attention drifting far less and I’m managing to stay focused for longer stretches during the day,” says Dan Grayson, Editor in Chief of Gameplanet.
All Varidesk products are high quality and easy to set up – there’s no flat-pack assembly, and you can be ready to work within minutes.
“It’s now easier than ever to transform your office into a happy, healthy and productive workspace without compromising on quality,” says Roberts.
- varidesk fitout
- : https://vimeo.com/245661801
- : David Roberts
- : Director
- : contact@varidesk.co.nz
- : 072828994
- : https://varidesk.co.nz
- https://www.facebook.com/VarideskNZ/ | https://www.linkedin.com/company/varidesk-nz/?originalSubdomain=nz |
