In this episode, Nick Stewart, our CEO and Financial Adviser, takes a deep dive into the 2025 Budget delivered by Finance Minister Nicola Willis.
From proposed KiwiSaver changes to pay equity adjustments, the budget has sparked plenty of discussion—and concern. Nick unpacks the key elements, explores the challenges ahead and asks the big question: Is this truly a “Growth Budget,” a bold step forward, or just wishful thinking?
Don’t miss Nick’s article featured in Hawke’s Bay Today and the NZ Herald Online: Budget 2025: King Canute's Economic Delusion
⏰ Important time-stamps
(1:01) Introduction
(02:05) Nick’s economic insights were mentioned on NewsTalk ZB during a conversation between PM Christopher Luxon and Mike Hosking
(02:51) Nick’s take on the 2025 New Zealand Budget
(04:46) Is this truly a “growth” budget?
(7:13) Productivity for Tradies
(8:45) Broader thoughts on productivity and efficiency
(12:13) NZ Budget 2025: “Robbing Peter to pay Paul”?
(15:24) Impacts of KiwiSaver changes
(24:14) Cuts made to pay parity and other areas
(28:51) Lessons from King Canute
(30:48) Where can you find Stewart Group
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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