The Government has confirmed financial services among its list of essential services that need to continue to operate when New Zealand moves to Level 4 in its COVID-19 response.

Our financial advisers will continue working from home, with no staff available at our offices. Our advisers can continue to provide support to clients without compromising the Government’s social distancing objectives.

Finance Minister Grant Robertson said the major retail banks had agreed to a mortgage holiday for people who had their income affected due to the economic affects of Covid-19. The exact criteria was yet to be finalised, but it may cover both principal and interest payments. Robertson said he urged people not to “bombard” banks and mortgage advisers with queries about having a mortgage holiday.

While the details are being worked out, we urge you to stay calm and check our website – https://www.professionalfinancial.co.nz/news/ for future announcements from the banks.

We will keep you posted with all the updates from banks as they make it available to us.