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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
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This article discusses the life expectancy of different regions across Germany. There are a number of great interactive tools demonstrating different trends. The article states that Germany spend over 500 million euros every year on preventative measures through health and... Continue reading
Posted 4 hours ago at moneyblog
Just covering the loan is 'home loan insurance' and a lot gets sold. I write about preferring an approach which promises 'you get to keep the home' insurance. That is my recent article at goodreturns - Link. Continue reading
Posted 10 hours ago at moneyblog
Rob Everett, Chief Executive of the FMA has provided an update on the progress on the draft exemption, indicating we can find out more in October. Also, I like that there is a defined approach to supporting innovation, and even... Continue reading
Posted yesterday at moneyblog
Momentum Life is a brand that sells a Fidelity Life insurance policy (in New Zealand). They sell through online lead generation, and then call the customer back. The product is a non-underwritten insurance policy with an extensive set of exclusions... Continue reading
Posted 2 days ago at moneyblog
Money week has started out focusing on debt. Debt happens to also form the core of the capital needs analysis when insurance planning is being considered. So much so that typically insurance advisers start the needs analysis by aiming to... Continue reading
Posted 2 days ago at moneyblog
Susan Edmunds has written this excellent piece on the need for more income protection insurance to be sold. The shift to living benefits is gathering pace, but we can use all the help we can get to change societal views... Continue reading
Posted 2 days ago at moneyblog
Sorted, the public face of the Commission for Financial Capability, is promoting its annual financial literacy event "Money Week". Money Week runs from the 14th to the 20th of August - it is a great reminder to catch up on... Continue reading
Posted 3 days ago at moneyblog
I was delighted to find Anand Srinivasan has given us a testimonial: “Quotemonster and QPR gives a good balanced view of product comparisons and ratings are client specific and not generalised. More importantly the team at QPR are an extension... Continue reading
Posted 3 days ago at moneyblog
If you use the optional life cover buy-back features on TPD benefits regularly can you please drop me a line - I'm keen to learn a bit more about your advice process. Given that TPD benefits are relatively little used,... Continue reading
Posted 4 days ago at moneyblog
Seth Godin has recently written an article discussing the power of placebos. Sham surgery is a 'fake' operation where the patient is dressed in a hospital gown and taken through all the regular pre- and post- surgical rituals such as... Continue reading
Posted 5 days ago at moneyblog
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Terribly cheesy grin. But if you had your picture taken with the Monster last week please call or email and I shall email you a copy. Continue reading
Posted 6 days ago at moneyblog
AMP recorded a small lift in operating earnings on flat annual premium income and a seven percent increase in the value of funds under management. Link. Continue reading
Posted 6 days ago at moneyblog
Goodreturns has just run an article title 'how to protect yourself from churn claims' and details the results of complaints to dispute resolution bodies. The article, aimed squarely at advisers, makes some good points - but what really caught my... Continue reading
Posted 6 days ago at moneyblog
Financial advisers jobs, it seems, is to help people navigate some tough conversations. We hear that often people haven't had an organised talk about money until a good adviser helps them through it. With insurance advice the subject to be... Continue reading
Posted 7 days ago at moneyblog
CBA, the parent company to both CommInsure in Australia and Sovereign in New Zealand, are contemplating a sale: “We are in discussions with third parties in relation to their potential interest in our life insurance businesses in Australia and New... Continue reading
Posted Aug 8, 2017 at moneyblog
The Commerce Commission concerns about the general insurance market are good reading for anyone interested in the efficient operation of insurance markets. Some of the features of the life insurance market which insurers don't like much (like consumer-facing price comparison... Continue reading
Posted Aug 8, 2017 at moneyblog
The New Zealand Institute of Intelligence Professionals has details of a nomination for the FMA intelligence team for the work that they did on the investigation into replacement business activity in the insurance sector. Here is a segment of the... Continue reading
Posted Aug 8, 2017 at moneyblog
There is a good article on Bloomberg from a couple of weeks ago, about the process ANZ is going through to offer the ANZ Wealth business for sale. The article lists AIA, Metlife, and Zurich as bidders in a short-list... Continue reading
Posted Aug 7, 2017 at moneyblog
ASIC's plan to have remuneration disclosed on the very front page - the cover, in fact - of their draft statement of advice is being criticised by the AFA. Many arguments are advanced against showing remuneration on the cover, and... Continue reading
Posted Aug 7, 2017 at moneyblog
@JPHALE7 Thanks, JP, it's a big issue and bigger, now, as infectious diseases continue to recede ass a major cause of disability, and mental health issues become a larger component of the overall claims story. This driver of claims should be getting similar coverage to unfunded cancer drugs.
Toggle Commented Aug 6, 2017 on Mental Health and Insurance at moneyblog
Two significant price changes have been announced. There is a summary of the details below. Subscribers to the Chatswood Premium Comparison Database will receive updates depending on the test schedule, very shortly. Partners Life changes: The pricing for the following... Continue reading
Posted Aug 6, 2017 at moneyblog
Goodreturns highlights the article by Simon Papa, formerly of the FMA, now of Cygnus Law, pointing out that the current draft of the robo-advice exemption favours larger businesses. That was the angle reflected in the headline on Goodreturns. But later... Continue reading
Posted Aug 5, 2017 at moneyblog
Mental Health issues are much in the spotlight at the moment - consider this series from Stuff.co.nz, and this from the New Zealand Human Rights Commission. I have read through most of these cases and articles. I am appalled at... Continue reading
Posted Aug 4, 2017 at moneyblog
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I had a good day yesterday hanging out with the team from Quotemonster and IDS and a lot of advisers who came by the stand to say hello. It was a good day. Congratulations also to all the award winners,... Continue reading
Posted Aug 3, 2017 at moneyblog
The three large financial advice groups set to build a new advice association are progressing towards foundation with the passage of a crucial member vote. Link. Continue reading
Posted Aug 2, 2017 at moneyblog