This is Russell Hutchinson's Typepad Profile.
Join Typepad and start following Russell Hutchinson's activity
Join Now!
Already a member? Sign In
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
There are lots of systems that we know need to be replaced: at insurance companies, dealer groups, advice businesses, and here at Chatswood too. The problem with a system is that it is connected - it takes inputs from here,... Continue reading
Posted 3 days ago at moneyblog
There have been a number of changes in pricing for both intermediated companies - touching on all the main product lines - and in bancassurance and direct contracts. Subscribers to the life pricing database have received their updates automatically. Bank... Continue reading
Posted 4 days ago at moneyblog
Susan's article on the information request can be found at this link. Continue reading
Posted 4 days ago at moneyblog
There is a theme around the office here which is that traditional needs analysis tools are a bit broken. They've growth like topsy - I have one on my desk which is a paper form some 40 pages in length.... Continue reading
Posted 4 days ago at moneyblog
nib in New Zealand made a profit on $11.5 million for the last half of 2016. Click here to read Rob Hennin's comments and more. Continue reading
Posted 5 days ago at moneyblog
Check out the details of KiwiBank's Fintech accelerator at this link. Continue reading
Posted 5 days ago at moneyblog
The FSC have released this announcement about Partners Life joining the association. Partners Life Joins the FSC The Financial Services Council announced today that Partners Life has joined the association, bringing the total number of members to 15 members and... Continue reading
Posted 6 days ago at moneyblog
Small business on the North Shore are looking for an insurance adviser, preferably an AFA. They are extremely busy and need to spread the workload. If you are interested please get send us an email enquiries@chatswood.co.nz and we will put... Continue reading
Posted 6 days ago at moneyblog
The Commission for Financial Capability have launched a new chatbot called "Hey Sorted" to help consumers with KiwiSaver queries. Read more here. Continue reading
Posted 6 days ago at moneyblog
The draft Financial Advisers Act has just been released on the MBIE website. An overview is here, the documents can be found at this link. Some of the key changes are outlined in this article on goodreturns. Feedback closes on... Continue reading
Posted 7 days ago at moneyblog
Image
HARRISON, Peter (Harry). Born 27 April 1953, Taranaki, died peacefully at Hospice North Shore after an extended battle with cancer. Loving husband of Chris; much loved father of Mathew, Daniel and Anna; father in law of Christine and Sacha; Poppa... Continue reading
Posted Feb 15, 2017 at moneyblog
"Is that really advice?" is the title of my latest short article at goodreturns. Continue reading
Posted Feb 15, 2017 at moneyblog
Read the works of some fans of digital disruption of the insurance industry and with care you can spot the difference between motivations. Some of the best commentators are genuine fans of digital capability, and tend to see it as... Continue reading
Posted Feb 14, 2017 at moneyblog
Michael Naylor, a senior lecturer in finance and insurance at Massey University, in this article says people should expect insurers to mine their social media accounts in the future to determine how much they will charge for insurance premiums and... Continue reading
Posted Feb 13, 2017 at moneyblog
Hans Rosling has died. A brief obituary is given at this link, by Gapminder, an organisation that he co-founded. For those unfamiliar with his work there is a brief video below which takes you through the incredible changes in wealth... Continue reading
Posted Feb 12, 2017 at moneyblog
If, like me, you are a salesperson, then you have some experience of people who are rigid in their ideas, and how hard it can be to change them. Merely providing new data doesn't usually work. A bit of a... Continue reading
Posted Feb 10, 2017 at moneyblog
Continuing the theme of corporate restructuring by many Australian-owned insurers we have this from the Sydney Morning Herald on Suncorp's life insurance businesses: "Suncorp, Australia's second-largest general insurer by market share, said on Thursday it was considering "strategic alternatives" for... Continue reading
Posted Feb 9, 2017 at moneyblog
Here is an article from the guys at Proposition to help advisers get the most out of social media. Continue reading
Posted Feb 8, 2017 at moneyblog
Goodreturns has the details of a case against an adviser brought by the FMA. Obviously this case has yet to be heard and we should not prejudge it. Having said that I was told by an insurer of their frustration... Continue reading
Posted Feb 8, 2017 at moneyblog
If you have had a goal for a long time and you have made very little progress on it then you need to look carefully at that item. Maybe you have tried a million times, in a million ways, and... Continue reading
Posted Feb 7, 2017 at moneyblog
Hat tip to Mike Maloney for this article, link. If you are worried about digital disruption, good, that gives you a split second lead on those advisers still denying the possibility. Start with the past. Once upon a time the... Continue reading
Posted Feb 7, 2017 at moneyblog
I was recently asked by advisers about the strategies for setting trauma sum insured. Always concerned about compliance this group was interested to have a method which was better than simply 'as much as I can cut back to just... Continue reading
Posted Feb 5, 2017 at moneyblog
Hat tip to Rob Dowler for referring me to this article. The article starts by simply comparing average account balances in KiwiSaver vs average balances in the Australian compulsory retirement savings scheme, noting nine times more in the Australian scheme... Continue reading
Posted Feb 5, 2017 at moneyblog
One of my favourite insurance bloggers tells a story about a customer that said 'why would I need disability insurance when I've never been disabled' - seriously. It goes to show that even with apparently intelligent clients, one should never... Continue reading
Posted Feb 5, 2017 at moneyblog
Paul McBeth, writing in the National Business Review on Thursday said that the FMA decided to lean against the market as arbiter of what is fair. Although I am a strong advocate for the marketplace, I have to agree with... Continue reading
Posted Feb 3, 2017 at moneyblog