[The Wrap] Coping with Covid-19; thinking ahead; update your info

First up I hope everyone is coping ok with this massive disruption going on in our lives. It's fascinating times; while the short term doesn't look that great, I'm sure good things will come out of everything which is going on.

While our focus over the past week has been, like everyone else, on operational issues – thoughts are also shifting to the future.

An interesting comment from a senior bank executive the other day was the trend they were seeing was that customers are turning their minds now from impact of financial market volatility on their KiwiSaver/investments to how they live in the immediate future with reduced incomes, and in turn how they meet outgoings such as family expenses, mortgage payments, etc.

On the investment front it's not unsurprising, but sad, that people in KiwiSaver have rushed to move into more conservative funds. Having been through a few investment cycles in my life I've seen markets overreact to bad news and then spike quickly.