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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
Max Roser's Our world in data is a great source of international comparisons, and this one shows real GDP per capita, and the change since 1950. It defaults to a number of European countries, but if you check the menu... Continue reading
Posted yesterday at moneyblog
The FMA recently complained about an AFA who provided both advice on a pension transfer and replacement of insurance. The Financial Advisers Disciplinary Committee have heard the case. The part of the decision which relates to insurance is particularly interesting:... Continue reading
Posted 2 days ago at moneyblog
In Australia, there has been a recent story about a legal fight over whether an un-sent txt message could be considered a will. From the story on stuff.co.nz, by Michaela Whitbourn: "An unsent text message with the words "my will"... Continue reading
Posted 3 days ago at moneyblog
The obesity epidemic is getting worse in New Zealand, and we still seem to be unable to tackle it properly. Link. Continue reading
Posted 3 days ago at moneyblog
Michael Hollins at the UK's Financial Conduct Authority has this thoughtful article on the benefits of evaluating past policies to see how they performed. Starting with the example of 'the Cobra effect'. During the time of British colonial rule in... Continue reading
Posted 5 days ago at moneyblog
In the past five days there have been 14 deaths on New Zealand roads. The most recent one near Taupo killed four people, one of which was a five year old boy. Eight others were also injured in the same... Continue reading
Posted 5 days ago at moneyblog
The FMA mentioned in a recent update of regulations and exemptions that the robo-advice exemption decision will be announced 'later this month'. This will include details of submissions and what will happen next. Continue reading
Posted 7 days ago at moneyblog
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Partners Life have introduced a number of new level premium options. Premium review options are outlined in the table below. You can also watch this video for more information. All of these are quoted on Quotemonster, apart from the 10-year,... Continue reading
Posted Oct 12, 2017 at moneyblog
I just read this from Paul Kalanithi's book, 'When breath becomes air'. In among all the great lessons about life, health, and death he has this great example about taking responsibility: Not all residents could stand the pressure. One was... Continue reading
Posted Oct 12, 2017 at moneyblog
The Association of British Insurers' blogger Lauren Gow has this piece on their support for mental health day, and how workplace support is important and matters. Link. It is no surprise that insurers should get behind efforts to help raise... Continue reading
Posted Oct 11, 2017 at moneyblog
An interview with Jennifer Fitzgerald, founder and CEO of PolicyGenius, can be found at this link. Thanks to Tony Vidler for pointing this one out. It is well worth a read. I've separately blogged on the issue of content creation,... Continue reading
Posted Oct 11, 2017 at moneyblog
Robo tools aren't either/or. The picture is sufficiently complex that in this article by Donna Fuscaldo at Investorpedia it is possible to argue that Millenials want robots, but also want humans. When you think about it, that's logical. No one... Continue reading
Posted Oct 10, 2017 at moneyblog
The essence of marketing is to tell a story, and a story with emotional attraction is more likely to be remembered. When it comes to stories filled with the most engaging themes of life: love, drama, life, and death, few... Continue reading
Posted Oct 10, 2017 at moneyblog
Life can change in an instant. Although death before 65 is rare, road traffic deaths are a major cause of early death, and the only cause that frequently kills both parents at once. When I recently read the headline "Three... Continue reading
Posted Oct 9, 2017 at moneyblog
Kelly Gregor at Insurance Business NZ has this opinion piece by Naomi Ballantyne on the role of robo-advice and direct in the New Zealand market. Continue reading
Posted Oct 9, 2017 at moneyblog
Rob Stock has a good article in stuff.co.nz explaining that hardship is often caused by disability - these are the essential facts: "In the 12 months to the end of March, $81 million was paid out of KiwiSaver in cases... Continue reading
Posted Oct 8, 2017 at moneyblog
Most people don't prepare - take a look at these, my favourite income protection stats: In the last five years about 18% of households have had a period of between 3 and 6 months when someone was unable to work... Continue reading
Posted Oct 8, 2017 at moneyblog
Tim Harford offers a political take on the principle of inaction, well worth a read. Continue reading
Posted Oct 7, 2017 at moneyblog
Here are some common risks - and likelihood over a five year period that it might happen: Lose your home to a fire - about 1.1% Death - also about 1.1% Have your car stolen - about 2.7% Burglary -... Continue reading
Posted Oct 5, 2017 at moneyblog
Perhaps it is a gradual signal for robo-advice presentations to change. Liam Dann has now joined me in illustrating the rise of robots using Bladerunner pictures instead of Terminator pictures. I'm a fan, at least in this future humans are... Continue reading
Posted Oct 5, 2017 at moneyblog
Statistics New Zealand has just published a media release of serious injury, death, and suicide rates: here is their key facts summary: Serious injury outcome indicators shows trends in fatal, serious non-fatal, and serious (fatal and non-fatal) injuries for the... Continue reading
Posted Oct 4, 2017 at moneyblog
You can check out the main presentations and panels from the recent FSC Navigating Change Conference on Youtube. Play the video below and you can click to join the FSC channel. Continue reading
Posted Oct 2, 2017 at moneyblog
The recent fine handed out in this case underlines the importance of examining all the claims you make in your business - and insurance advisers make quite a few. Consider the things you say and write about: Insurers Products Risks... Continue reading
Posted Oct 2, 2017 at moneyblog
It seems like Australia is talking about reducing the power of licence-holders, just as New Zealand is about to move the other way and increase their power. Of course, that's an oversimplification, and much remains to be seen of what... Continue reading
Posted Oct 2, 2017 at moneyblog
The centre of most problems to do with money is risk. Often money books consign risk to the margins. They assume that investing is natural and only worry about investment risk. But if there were no risks at all you... Continue reading
Posted Oct 1, 2017 at moneyblog