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Russell Hutchinson
I'm the principal the Chatswood Consulting Limited, live and work in New Zealand.
Interests: Family, financial services management consulting, living a good life in New Zealand. I love to read, run, work out, and soon I may admit to gardening.
Recent Activity
This article from Australia is mainly about the legal limits on provision of health-care funding peculiar to that market. But included in it is some evidence that to be effective rehabilitation benefits need to be offered early. Link. "Based on... Continue reading
Posted 5 hours ago at moneyblog
The New Zealand Herald has this piece with the rather dreadful heading: "Your Fitbit could make you uninsurable in the future". To which the answer is obviously, no it cannot. To literally make you uninsurable, it would have to limit... Continue reading
Posted yesterday at moneyblog
Graham Hill has been appointed to the role of Executive Manager, Life Distribution. Congratulations to Graham on his appointment. Continue reading
Posted 2 days ago at moneyblog
While necessary, it is no longer enough to have processes in place to identify and deal with problems - such as monitor for and apply a management plan when a problem is identified. Instead, to obtain a license, it is... Continue reading
Posted 2 days ago at moneyblog
Adviser Bruce Cortesi has written this open letter to Fair Go who recently aired a piece about a declined claim due to non-disclosure. He is critical of the programme - which appeared to exclude any sensible discussion of why the... Continue reading
Posted 3 days ago at moneyblog
Sovereign have announced some changes to Level Life rates for 'to Age 65' and 'to Age 80' Level Life rates, starting today. It was a bit short notice, as the details we given to us on Friday, but the updated... Continue reading
Posted 3 days ago at moneyblog
Investment News NZ has written that the financial adviser code ‘concept’ proposal has attracted more than double the number of submissions racked up by the draft legislation underpinning it. Click here to read more. It will be good to take... Continue reading
Posted 3 days ago at moneyblog
According to this article changing up your routine when practicing a skill or task will result in quicker learning. New research says you could even half the time it takes to acquire a new skill just by practicing a slightly... Continue reading
Posted 4 days ago at moneyblog
RBNZ is looking into the conduct and culture in the banking and insurance industries and has made this statement: “Life insurance commissions are particularly high, which inevitably flows through into higher premiums.” The Bank also states that with possible technology... Continue reading
Posted 6 days ago at moneyblog
New Zealand has a high rate of suicide deaths, and it is worse than it was. What have we made significantly worse? Once our rate was similar to the UK's. Then the UK learned something and managed to reduce the... Continue reading
Posted 6 days ago at moneyblog
Congratulations to Brendon Neal on his appointment as CEO of Kepa. Continue reading
Posted 7 days ago at moneyblog
Start-ups of any kind are not a one-way bet, and while there is plenty of money to be made in the insurtech sector, there is plenty to be lost too. Development capital is being raised for insurance ventures of all... Continue reading
Posted Jun 12, 2018 at moneyblog
This analysis, including good quantitative analysis shows that closing techniques make no difference to overall sales rates. Well worth reading the whole thing- about 5 minute read. Link.Hat tip to Tony Vidler for finding this one. Continue reading
Posted Jun 12, 2018 at moneyblog
The Australian Taxation Office is allocating resources to investigate whether the tax deductibility of income protection insurance premiums is being claimed appropriately. Click here to read more. Of specific concern is the constant addition of non-income-related benefits (such as death... Continue reading
Posted Jun 11, 2018 at moneyblog
Good advice looks easy. Most people want a shortcut. Just tell me which one. Tell me what to do. Make it quick, make it simple. Plus, advice looks kind of unlimited. Most decisions aren’t irreversible – so we assume that... Continue reading
Posted Jun 10, 2018 at moneyblog
Don Stewart, of the Stewart Financial Group, has a strong view on soft commissions - and he's against them. I found this article interesting because it is the first I have seen by a financial adviser which strongly expressed an... Continue reading
Posted Jun 10, 2018 at moneyblog
Risk Info has started a series on helping your clients deal with grief. Helpfully this talks about both grieving for a friend or relative that has died, but also for the loss associated with a serious illness or major trauma.... Continue reading
Posted Jun 9, 2018 at moneyblog
Jenée Tibshraeny has written this article on after there have been a number of life insurers being sold. Tibshraeny discusses the shift in companies, where these changes leave policyholders and if there are any similarities with the general insurance... Continue reading
Posted Jun 7, 2018 at moneyblog
On Friday 8 June 2018 the PAA will hold a Special General Meeting to vote on the new draft of the PAA Legacy Trust Deed. The meeting will take place on Friday 8 June 2018 at 12.00pm at Sorrento in... Continue reading
Posted Jun 7, 2018 at moneyblog
Thank you to everyone who attended one of our recent series of meetings on Advicemonster- attendance was a record 546 advisers! Continue reading
Posted Jun 6, 2018 at moneyblog
This business insider article has an excellent series of questions for a board or governance expert within a business. (It's at the end, see link). The challenge for most New Zealand financial services businesses (meaning financial advice businesses, where business... Continue reading
Posted Jun 4, 2018 at moneyblog
We have just uploaded QPRV112 to Quotemonster and distributed the database to our subscribers. This version includes the following changes: Rating changes for Partners Life’s product changes Fidelity Life’s product rating changes effective 28 May 2018 Continue reading
Posted Jun 4, 2018 at moneyblog
The FMA has published a guide to compliance assurance programmes. This is both a good guide to how you establish one, and what they will expect to see. Link. Continue reading
Posted Jun 3, 2018 at moneyblog