A warning New Zealand needs to act quickly on strengthening our retirement income system. 

The Retirement Commission's income policy review has found a longer-term political focus is needed to ensure future generations' certainty.  

It makes 12 recommendations, including moving more quickly to implement KiwiSaver reforms, and harder strategies such as a new cross-party accord.  

Policy and Research Director Patrick Nolan told Kerre Woodham we now have people over 65 than we have under 15, so we need to act now. 

He says New Zealand is going to look very different into the future, so these conversations need to be had. 

LISTEN ABOVE 

A warning New Zealand needs to act quickly on strengthening our retirement income system.&nbsp;
The Retirement Commission's income policy review has found a longer-term political focus is needed to ensure future generations' certainty. &nbsp;
It makes 12 recommendations, including moving more quickly to implement KiwiSaver reforms, and harder strategies such as a new cross-party accord. &nbsp;
Policy and Research Director Patrick Nolan told Kerre Woodham we now have people over 65 than we have under 15, so we need to act now.&nbsp;
He says New Zealand is going to look very different into the future, so these conversations need to be had.&nbsp;
LISTEN ABOVE&nbsp;

Join Kerre Woodham one of New Zealand’s best loved personalities as she dishes up a bold, sharp and energetic show Monday to Friday 9am-12md on Newstalk ZB. News, opinion, analysis, lifestyle and entertainment – we’ve got your morning listening covered.

Kerre Woodham Mornings Podcast

Patrick Nolan: Retirement Commission Policy and Research Director on the call for changes to the retirement income system

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2ead8a2c-4c6e-489a-a892-b394017af3e4/transcript

National is accusing Labour of having a “hidden bill”, worth $18 billion, in its spending plans. 

Finance Minister Nicola Willis says they promised to outline how it would fund its election commitments after the Budget, but no credible plan has been provided. 

But Labour disputes this, promising everything will become clear in the party’s fiscal plan, which will be released later this year. 

The big focus is Labour’s Future Fund, which would take ownership of some Crown stakes and shareholdings, using the dividend revenue to fund other policies. However, this would leave a $2.7 billion hole in public finances. 

NZ Herald Political Editor Thomas Coughlan told Kerre Woodham that Labour is refusing to say what will be redirected into the Fund until after the election – which they’ve rightly copped flak for. 

But he believes that after the election they might quietly try to kill it by making it a very small fund —around 10–15% of what was promised— which could help the numbers stack up. 

LISTEN ABOVE 

National is accusing Labour of having a “hidden bill”, worth $18 billion, in its spending plans.&nbsp;
Finance Minister Nicola Willis says they promised to outline how it would fund its election commitments after the Budget, but no credible plan has been provided.&nbsp;
But Labour disputes this, promising everything will become clear in the party’s fiscal plan, which will be released later this year.&nbsp;
The big focus is Labour’s Future Fund, which would take ownership of some Crown stakes and shareholdings, using the dividend revenue to fund other policies. However, this would leave a $2.7 billion hole in public finances.&nbsp;
NZ Herald Political Editor Thomas Coughlan told Kerre Woodham that Labour is refusing to say what will be redirected into the Fund until after the election – which they’ve rightly copped flak for.&nbsp;
But he believes that after the election they might quietly try to kill it by making it a very small fund —around 10–15% of what was promised— which could help the numbers stack up.&nbsp;
LISTEN ABOVE&nbsp;

Thomas Coughlan: NZ Herald Political Editor on National accusing Labour of having a "hidden bill"

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/579f70f2-9568-4e7f-a259-b473001b4b74/transcript

Separating couples are being trapped by falling house prices. 

The drop in prices are leaving them stuck – unable to sell or split finances cleanly, and in many cases keeping them living under the same roof. 

Property values are down roughly 17% nationwide from the peak, with larger drops in Auckland and Wellington. 

Equal Exes Founder and Divorce Coach Bridgette Jackson told Kerre Woodham that in cases where people are fed up with their relationship, they wither make the decision to live amicably in the property, or you take the hit and move on – selling the house or buying out the partner.  

LISTEN ABOVE 

Separating couples are being trapped by falling house prices.&nbsp;
The drop in prices are leaving them stuck – unable to sell or split finances cleanly, and in many cases keeping them living under the same roof.&nbsp;
Property values are down roughly 17% nationwide from the peak, with larger drops in Auckland and Wellington.&nbsp;
Equal Exes Founder and Divorce Coach Bridgette Jackson told Kerre Woodham that in cases where people are fed up with their relationship, they wither make the decision to live amicably in the property, or you take the hit and move on – selling the house or buying out the partner. &nbsp;
LISTEN ABOVE&nbsp;

Bridgette Jackson: Equal Exes Founder and Divorce Coach on separating couples dealing with falling house prices

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3ce8a901-ed8f-4765-8f89-b473001419ff/transcript

Do you know what's real and what's not when you're scrolling through your news feeds? When you're scrolling through your social media? AI generated “news” pages and political deepfake ads are swamping social media feeds. They've been around for a while, but there's more and more and more of them and they're becoming harder to detect as the technology gets more sophisticated, as people understand how to use the tools they're discovering. 

When it comes to the ads, think of Mike Hosking's cryptocurrency investment scheme scam and Toni Street's weight loss drugs scam – all AI generated, all false. But if it looks like them, it sounds like them, how do you know it's not them? It's the same as true with news stories. How do you differentiate between what is real news and what is fake news? And it's getting even harder now that some news is becoming fakeish. 

The Herald reports this morning in their story that many posts are on pages with more than 100,000 followers, so you'd think, well, that would be legit. The phonies take existing stories, news stories that begin as real, then run them through AI to rewrite them and then republish them with fake images, again in many cases using the original image and then oomphing it up. The Herald used an example of the attack on Christopher Luxon's electorate office. They showed the real photo, which was of a pretty much undamaged facade of the building with two police officers standing outside. Next to it, somebody had vamped up the image by showing it completely gutted with fire appliances and many fire officers standing around with the two original police officers. So you take the original, then oomph it up. 

Particularly spurious is the spate of fake social media articles that have been targeting New Zealand athletes and their families. Recent posts have featured former and current All Blacks, and Warriors coach Andrew Webster and his family were targeted with a post claiming his wife had died when in reality she is very much alive. Why would anyone be so stupid and so cruel? TVNZ spoke to Massey University marketing professor Bodo Lang, and he said the people posting these fake articles were likely seeking clicks and followers. They're people who make their living out of posts on social media. There are many of them who do that. Some are just eking out some kind of existence – they would far rather be an influencer, or run a YouTube channel, or run a page and make their money that way. That's what they think. It's actually a hell of a lot of hard work from what I understand from people who do in fact make a sizeable income out of their social media. It's a lot of effort and I don't think these people understand nearly how much it is. 

And as many of the young influencers, the young YouTubers who start off life with followers because they're doing something they love doing, when they monetize it and have to put the work in, they end up crashed on the shores of their own fame, shipwrecked. They give it up by the time they're 22/23 if they don't come to a worse end. But initially, these young people think, well, this has got to be better than a real job. They'll take anything they can and use it to get the clicks in an attempt to monetize it. 

So how do you spot the difference between what's real and what is not? In the story this morning in the Herald, there's a photo or an image that the Herald's used showing me in the big studio where Mike normally broadcasts and where we tend to film the interviews with leaders of political parties. It's got me in the big studio with Christopher Luxon and Chris Hipkins. Now, there's a number of things immediately wrong with that AI image. If I was moderating a debate, no matter what you think about my Tokyo Rose tendencies and my snuggling up to the National Party, I would not be sitting so close to the PM. A moderator always sits smack bang in the middle. And even though I'm looking at him with a kind of outraged expression as he lunges across the table pointing his finger at AI Chris Hipkins, I would not be sitting that close to him. 

Chris Hipkins looks like Clutch Cargo – he's got this big manly jaw. Looks nothing, well, I mean, I'm sure he's got a very nice jaw, but it looks nothing like him really. Christopher Luxon's about right, although he looks to be towering over the rest of us when in real life, he wouldn't be. At first glance, if you were looking at that, you'd think, oh yes, when was the leaders' debate on? I must have missed it. If you weren't looking at it closely. 

My mum got taken in when Pope Leo was anointed Pope. Did you see that lovely video about him with the alcoholic friend that he found in the Vatican City? Had him come and stay with him the first week. She showed me, and that wasn't even using particularly sophisticated AI, this was just a series of images of random people and the Pope. I'm like, Mum, no. No, that's simply not true. He did not take in his alcoholic friend from America and put him up in the papal chambers and get him sorted and reunite him with his family within the first week of his papacy. Well, how would you know? She said. Well, have a look at the papal calendar. And she's not a stupid woman; she just wants to believe nice stories. 

So how do you know what is real and what is not? Have you been caught out before? I mean, if it's there for entertainment, if you know it's there for entertainment, you can enjoy it and jog on. But it does get damaging, it does get harmful when you believe that Mike Hosking is offering cryptocurrency investment advice. People have been taken in by politicians who are deepfakes, media personalities who are deepfakes. When you lose your money, when you are the victim of it, when you wake up one morning to find out that you're supposed to be dead, I mean, disconcerting to say the very, very least, and then having to tell people, no, I'm very much alive. And as we head into an election, how do you know what is real and what is not? When you look at all the information you're consuming across all the different media, how do you know what's true? 

Do you know what's real and what's not when you're scrolling through your news feeds? When you're scrolling through your social media? AI generated “news” pages and political deepfake ads are swamping social media feeds. They've been around for a while, but there's more and more and more of them and they're becoming harder to detect as the technology gets more sophisticated, as people understand how to use the tools they're discovering.&nbsp;
When it comes to the ads, think of Mike Hosking's cryptocurrency investment scheme scam and Toni Street's weight loss drugs scam – all AI generated, all false. But if it looks like them, it sounds like them, how do you know it's not them? It's the same as true with news stories. How do you differentiate between what is real news and what is fake news? And it's getting even harder now that some news is becoming fakeish.&nbsp;
The Herald reports this morning in their story that many posts are on pages with more than 100,000 followers, so you'd think, well, that would be legit. The phonies take existing stories, news stories that begin as real, then run them through AI to rewrite them and then republish them with fake images, again in many cases using the original image and then oomphing it up. The Herald used an example of the attack on Christopher Luxon's electorate office. They showed the real photo, which was of a pretty much undamaged facade of the building with two police officers standing outside. Next to it, somebody had vamped up the image by showing it completely gutted with fire appliances and many fire officers standing around with the two original police officers. So you take the original, then oomph it up.&nbsp;
Particularly spurious is the spate of fake social media articles that have been targeting New Zealand athletes and their families. Recent posts have featured former and current All Blacks, and Warriors coach Andrew Webster and his family were targeted with a post claiming his wife had died when in reality she is very much alive. Why would anyone be so stupid and so cruel? TVNZ spoke to Massey University marketing professor Bodo Lang, and he said the people posting these fake articles were likely seeking clicks and followers. They're people who make their living out of posts on social media. There are many of them who do that. Some are just eking out some kind of existence – they would far rather be an influencer, or run a YouTube channel, or run a page and make their money that way. That's what they think. It's actually a hell of a lot of hard work from what I understand from people who do in fact make a sizeable income out of their social media. It's a lot of effort and I don't think these people understand nearly how much it is.&nbsp;
And as many of the young influencers, the young YouTubers who start off life with followers because they're doing something they love doing, when they monetize it and have to put the work in, they end up crashed on the shores of their own fame, shipwrecked. They give it up by the time they're 22/23 if they don't come to a worse end. But initially, these young people think, well, this has got to be better than a real job. They'll take anything they can and use it to get the clicks in an attempt to monetize it.&nbsp;
So how do you spot the difference between what's real and what is not? In the story this morning in the Herald, there's a photo or an image that the Herald's used showing me in the big studio where Mike normally broadcasts and where we tend to film the interviews with leaders of political parties. It's got me in the big studio with Christopher Luxon and Chris Hipkins. Now, there's a number of things immediately wrong with that AI image. If I was moderating a debate, no matter what you think about my Tokyo Rose tendencies and my snuggling up to the National Party, I would not be sitting so close to the PM. A moderator always sits smack bang in the middle. And even though I'm looking at him with a kind of outraged expression as he lunges across the table pointing his finger at AI Chris Hipkins, I would not be sitting that close to him.&nbsp;
Chris Hipkins looks like Clutch Cargo – he's got this big manly jaw. Looks nothing, well, I mean, I'm sure he's got a very nice jaw, but it looks nothing like him really. Christopher Luxon's about right, although he looks to be towering over the rest of us when in real life, he wouldn't be. At first glance, if you were looking at that, you'd think, oh yes, when was the leaders' debate on? I must have missed it. If you weren't looking at it closely.&nbsp;
My mum got taken in when Pope Leo was anointed Pope. Did you see that lovely video about him with the alcoholic friend that he found in the Vatican City? Had him come and stay with him the first week. She showed me, and that wasn't even using particularly sophisticated AI, this was just a series of images of random people and the Pope. I'm like, Mum, no. No, that's simply not true. He did not take in his alcoholic friend from America and put him up in the papal chambers and get him sorted and reunite him with his family within the first week of his papacy. Well, how would you know? She said. Well, have a look at the papal calendar. And she's not a stupid woman; she just wants to believe nice stories.&nbsp;
So how do you know what is real and what is not? Have you been caught out before? I mean, if it's there for entertainment, if you know it's there for entertainment, you can enjoy it and jog on. But it does get damaging, it does get harmful when you believe that Mike Hosking is offering cryptocurrency investment advice. People have been taken in by politicians who are deepfakes, media personalities who are deepfakes. When you lose your money, when you are the victim of it, when you wake up one morning to find out that you're supposed to be dead, I mean, disconcerting to say the very, very least, and then having to tell people, no, I'm very much alive. And as we head into an election, how do you know what is real and what is not? When you look at all the information you're consuming across all the different media, how do you know what's true?&nbsp;

Kerre Woodham: How do you know what's real and what's not?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/560e8883-439d-400f-829e-b4730003eea8/transcript

Patrick Nolan: Retirement Commission Policy and Research Director on the call for changes to the retirement income system

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