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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
Gareth Vaughan has an excellent article, rich with detail, on the Co-op Money transaction with Pinnacle Life. First, let me be clear - Co-op Money NZ is not the same as Co-operative Life, often abbreviated to Co-op Life, a subsidiary... Continue reading
Posted yesterday at moneyblog
The PAA have completed their final SGM on the 4th of October to wind-up the PAA. The Financial Advice NZ Advisers Conference was held a few weeks ago in Rotorua and on the last day of the Conference the PAA... Continue reading
Posted 2 days ago at moneyblog
Sovereign's Life + One campaign which was launched in July has now been extended until the 31st of December 2018. To qualify for the 10% discount clients must take out at least $100,000 of Life Cover and one other Sovereign... Continue reading
Posted 2 days ago at moneyblog
My latest piece, on trauma cover sum insured setting, is available on goodreturns at this link. Continue reading
Posted 3 days ago at moneyblog
The new, slimmer, fitter, Financial Advice Code is quite an update on the consultation document we saw last. The much more focused style, using plainer language, and pitched at the level of principles makes it a much more accessible document.... Continue reading
Posted 3 days ago at moneyblog
New Zealand Financial Services Group has launched a new quote tool to integrate with MyCRM. Advisers will be able to quote and pass the details from the quotes into the CRM for further work. Covering an extensive range of life... Continue reading
Posted 4 days ago at moneyblog
The International Association of Insurance Supervisors feels that commission is probably an integral part of insurance advice. Like most of the people I know, I think the same way. But fee-based remuneration is bound to get a bit of attention... Continue reading
Posted 4 days ago at moneyblog
I love to get talking with advisers about how they engage in marketing, because this is the area where our work is most similar: finding people with problems that need to be solved. I was privileged to have three of... Continue reading
Posted 5 days ago at moneyblog
Apparently more than 250 people have died while taking selfies in dangerous locations, worldwide. Of course, sadly, tourists manage to kill themselves in all sorts of misadventures - everything from failing to understand warning signs to driving on the wrong... Continue reading
Posted 5 days ago at moneyblog
Christine Laverty, Senior Manager, Adviser Distribution, at OnePath has issued the following statement to update us on the sale process: Sale of OnePath Life (NZ) Limited to Cigna New Zealand Hi Everyone, as you know we recently announced that ANZ... Continue reading
Posted 7 days ago at moneyblog
As digital regeneration of business gathers pace, cyber attack risks increase. 'Connected technologies like artificial intelligence, drones, robotics or wearable sensors have the potential to be game-changers. But business owners beware, connected technologies also increase the chances of a cyber... Continue reading
Posted Oct 10, 2018 at moneyblog
The new draft Code has just been released for consultation: Read more about the consultation, including the draft code and link to the online survey. Consultation closes on Friday, 9 November 2018. Selected details from MBIE's media release: 11 October... Continue reading
Posted Oct 10, 2018 at moneyblog
Paul Kalanathi, a neurosurgeon, and author of a famous book about his journey with cancer that eventually killed him, writes about excellence and values. Here is a brief segment on consequences and a commitment to professionalism: "Paul what happens if... Continue reading
Posted Oct 10, 2018 at moneyblog
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This week is Mental Health Awareness Week and the them this year is 'Let nature in, strengthen your wellbeing – Mā te taiao kia whakapakari tōu oranga!' Click here to find out more from the Mental Health Foundation. Continue reading
Posted Oct 9, 2018 at moneyblog
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This week is Cyber Smart Week which runs from the 8th - 12th of October. The theme this year is 'Protect you online self'. Here are some quick tips from Cert NZ (NZ's official cyber safety investigation service) for keeping... Continue reading
Posted Oct 9, 2018 at moneyblog
Of course, it depends. The main factors are whether you fly on commercial airlines, or military transports, or choose a wingsuit and jump off a cliff. If you chose the first option, it's pretty safe: I still remember the "passenger... Continue reading
Posted Oct 8, 2018 at moneyblog
The Association of British Insurers has hosted a Dive In event in Edinburgh recently to highlight diversity and inclusion in the insurance industry. There are lots of good resources to be found at this website. Below is one, a few... Continue reading
Posted Oct 7, 2018 at moneyblog
I personally dislike averages. It reminds me of the story about three economists who went to the archery range. The first one fired an arrow and missed the target a metre to the left. The second shot their arrow and... Continue reading
Posted Oct 7, 2018 at moneyblog
Looking at this post from Max Roser I could not help but notice this particular statistic: "On any day in the last 5 years there were on average 640,000 people online for the first time.3 This was 27,000 every hour."... Continue reading
Posted Oct 5, 2018 at moneyblog
Advisers have been disciplined for failures to observe replacement business guidance for insurance, if they are AFAs, and in this case, in a QFE. Link. Reading the article I noted that it was the QFE itself that made the referral.... Continue reading
Posted Oct 4, 2018 at moneyblog
There are reasons why some clients fail to appreciate the value of advice, and overestimate their own ability to manage their financial affairs. It is the subject of my recent article at goodreturns. Link. Continue reading
Posted Oct 3, 2018 at moneyblog
According to this article from thinkadvisor.com some consumers are willing to let insurers track them with real-time monitoring in a bid to keep premiums down. Click here to read more. As regular readers will know I have little love for... Continue reading
Posted Oct 3, 2018 at moneyblog
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MBIE has just published an updated timeline for the implementation of the new financial advice regime. MBIE's release below explains: We have published on the MBIE website some updated factsheets relating to the new regime for financial advice, including updated... Continue reading
Posted Oct 2, 2018 at moneyblog
Fascinating conversation with a financial adviser at the recent national adviser conference in Rotorua. A father and son team have been doing fee-only risk advice for years as part of a broadly-based financial advice practice. The fact that their practice... Continue reading
Posted Oct 2, 2018 at moneyblog
The interim report - and home for the Australian Royal Commission - can be found here. Link. Continue reading
Posted Oct 2, 2018 at moneyblog