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Russell Hutchinson
Auckland
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
In a season of good will it seems timely to share some data about how people feel about New Zealand, and their place in it. Stats NZ, Tatauranga Aotearoa, has these well-being statistics to share - a few highlights below:... Continue reading
Posted 4 hours ago at moneyblog
This Herald article has a good discussion of the Government's plans for a review of the RBNZ's mandate. On very little data, the predictions of the market, so far, are slightly higher expectations for inflation. But there is a review... Continue reading
Posted 10 hours ago at moneyblog
Andrew Boughey, Head of Adviser Distribution for OnePath New Zealand says "ANZ Australia has today announced the sale of its OnePath Life Insurance business to Zurich Financial Services Australia. Our insurance business here in New Zealand is not part of... Continue reading
Posted yesterday at moneyblog
It was a record month for Quotemonster in November with the number of crunches increasing by over 58% from November 2016. The increase is exciting for the platform and a reflection of new features like the increased use of needs... Continue reading
Posted yesterday at moneyblog
The FSC has launched a new report into provision for retirement, Great Expectations, and it is well worth a read. If you are about to tune out because, like me, you are all about insurance, then please don't, because savings... Continue reading
Posted 2 days ago at moneyblog
An outcome - like avoiding accidents - tends to arise from a number of activities or strategies working in concert. Good legislation is usually one of them, but only one. When we come to rely too heavily on only one... Continue reading
Posted 2 days ago at moneyblog
So the FSLAB passed first reading last night, which is a surprise, as the Minister said that he had higher priorities. But as one reinsurer recently said - perhaps this will get through as a 'quick win'? If so, I... Continue reading
Posted 5 days ago at moneyblog
The marketoonist is worth a look for those of us with long experience with the corporate sales and marketing context - Link. Continue reading
Posted 5 days ago at moneyblog
For those of you that missed the event or just want to check something - here are the speech notes for the presentation that John Botica and Derek Grantham gave at the recent FSC Navigating Change seminar. Continue reading
Posted 6 days ago at moneyblog
Viewing the provisional Parliamentary Order Paper, I am told that FSLAB will very probably undergo its first reading today, noting it is second on the Order Paper behind one other First Reading item. That's a surprise promotion, given that parliamentary... Continue reading
Posted 6 days ago at moneyblog
You can see my latest piece on goodreturns at this link. Continue reading
Posted 7 days ago at moneyblog
Rob Stock shares a personal 'wait or pay' story - starting with these telling words: "Do you have health insurance?" Chilling words you never want to hear from a doctor. They always come just before he or she tells you... Continue reading
Posted 7 days ago at moneyblog
If you want 2018 to be different to 2017, you will probably have to do something different. If I want to find new things I have to look outside. Outside of what I know, my current context, and my assumptions.... Continue reading
Posted Dec 3, 2017 at moneyblog
I spent three days last week in Sydney, and the media is full of news about the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The government in Australia has been resisting an inquiry into banks,... Continue reading
Posted Dec 3, 2017 at moneyblog
In this age of mass customisation it seems weird to have to advocate for a change so basic - but my Christmas wish for consumers this year is a policy that at least most of the population could read. I... Continue reading
Posted Nov 30, 2017 at moneyblog
The Code Working Group has established a blog available here. The first blog item comments on the development of the Code, with this first blog titled “Draft principles after the focus groups”. The blog also indicates that the first public... Continue reading
Posted Nov 29, 2017 at moneyblog
This article on goodreturns has some gems. The most important comment of all is that filling in the form for the client, as you read questions and they answer them, is a 'known risk'. The most common form of complaint... Continue reading
Posted Nov 29, 2017 at moneyblog
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Panel session at the FSC Navigating Change Conference. Sharon Corbett, Principal Policy Advisor, MBIE, Nadine Tereora, CEO, Fidelity Life Angus Dale-Jones, Chair, Code Working Group, and John Botica, Director of Market Engagement, FMA. Angus Dale-Jone, Chair of the Code Working... Continue reading
Posted Nov 28, 2017 at moneyblog
Let's not reinvent the wheel. In order to first challenge what exists, I must first try to understand it - at least as context. Preferably as part of a tradition of development in our field, which is the provision of... Continue reading
Posted Nov 27, 2017 at moneyblog
Smaller advice businesses, and that is most of the market, may be encouraged by John Botica of the FMA stating that the licensing process will not be skewed towards the ‘big end of town’. On discussing consultations on the disclosure... Continue reading
Posted Nov 27, 2017 at moneyblog
Sharon Corbett - speaking for MBIE - at the FSC conference, Navigating Regulation, highlighted the following as reasons for the new law: Lack of personalised KiwiSaver advice Confusion caused by different regulation for different types of advice and adviser Need... Continue reading
Posted Nov 27, 2017 at moneyblog
This article on interest.co.nz shares the view of the new Commerce and Consumer Affairs Minister Kris Faafoi on plans to revamp the current insurance law. I was initially pleased with this article, and tweeted to that effect, but I was... Continue reading
Posted Nov 26, 2017 at moneyblog
Here's a thought from Max Roser's Our World in Data. Infant mortality has declined dramatically since 1950. He points out that no country today has a child mortality rate as high as Portugal had in 1950. Furthermore, Portugal now manages... Continue reading
Posted Nov 26, 2017 at moneyblog
For those of you who missed it, below is our quarterly newsletter, which we sent out on the 14th. If you would like to receive the newsletter every quarter - which handily narrates recent events and trends, and also includes... Continue reading
Posted Nov 25, 2017 at moneyblog
There is a fascinating chart (you can find here) which shows the effect of digitization on occupational categories, by the number of jobs and the wages changed. It is clear that digitization is having an effect - but now you... Continue reading
Posted Nov 21, 2017 at moneyblog