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Russell Hutchinson
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
The quarterly commission comparison has been updated to include details for the following events: New estimates of revenue impact of change from current commissions to Australian LIF if implemented Insurers withdrawing the concept of production-related bonus – there has been... Continue reading
Posted 2 hours ago at moneyblog
Some consumers might struggle with the idea that you pay for insurance for a couple of decades, receive no claim payment, and this is a good client outcome. When I look at the range of conditions covered in my trauma... Continue reading
Posted yesterday at moneyblog
New Zealand Ministry of Health have stated that more men die from a many illness such as heart disease, lung and colon cancer and diabetes when compared to women. It is suggested that men incorporate whole grains, legumes and veggies... Continue reading
Posted 2 days ago at moneyblog
Our world in data asks whether it is possible to eradicate another major disease: Wouldn't that be good? To find out more, click here. Continue reading
Posted 3 days ago at moneyblog
The Adviser Business Association is looking to offer licensing support to independent advisers. Wealthpoint gets a great start with 52 members that were formerly AMP adviser business. Click here to read more. Continue reading
Posted 4 days ago at moneyblog
Asteron Life has ditched the concept of a separate production bonus, bundling the additional commission element into a single new business commission number. It has been sometime since production bonuses were, strictly speaking, based much on an adviser's individual production,... Continue reading
Posted 5 days ago at moneyblog
The Government has today announced that the new regime for financial advice will come into force in June 2020. The Government has also agreed on the licensing fees and FMA levies that will apply in the new regime and new... Continue reading
Posted 5 days ago at moneyblog
Combinations of IP and MP that create high replacement ratios have been highly sought-after by advisers on behalf of their clients for some time. The pressure on family budgets for clients, combined with the desire to demonstrate competitive advantage, have... Continue reading
Posted 6 days ago at moneyblog
Paul O'Brien from Partners Life has been announced as a finalist in the Walk the Talk category at this years Diversity Works NZ Awards for exemplifying excellence in promoting and managing a diverse workforce. The awards are being held at... Continue reading
Posted Jun 16, 2019 at moneyblog
Does the news reflect what we die from? In short, the answer is 'no'. The chart below shows US news media, but once you've had a smile at that one, you can check out the performance of media in the... Continue reading
Posted Jun 16, 2019 at moneyblog
We are constantly seeking to improve aspects of our personal and professional lives. Although some argue the need for constant self-improvement is based on self-actualization, it is arguable that the need for change stems from the need to fulfill societal... Continue reading
Posted Jun 14, 2019 at moneyblog
A video posted on Instagram by World Economic Forum states that poor daily diet result in more deaths than smoking. Publications in The Lancet have stated that one in five deaths globally is now caused by the growing trend of... Continue reading
Posted Jun 12, 2019 at moneyblog
Arguably the most interesting question and answer at the FSC's breakfast event 'Risking Everything' was the last one. A member of the audience (who works at a bank, incidentally) highlighted the problem of affordability. Tim Grafton from the insurance council... Continue reading
Posted Jun 11, 2019 at moneyblog
Always there are pressures on time and money and choices have to be made. Most advisers should probably think of the Financial Advice New Zealand conference in August first, and then decide whether to add the Financial Services Council conference... Continue reading
Posted Jun 11, 2019 at moneyblog
The FSC launched "Risking Everything" this morning There is relatively little insurance consumer research done in New Zealand. Much of it is of a low quality. The Massey work on underinsurance, by messrs Matthews, Birks, and Naylor, commissioned by the... Continue reading
Posted Jun 10, 2019 at moneyblog
The recent government decision to boost the budget for mental health services is valuable - and perhaps counter-intuitively, is a boost for everyone who uses mental health services, including those that have private medical insurance. Medical insurers have been complaining... Continue reading
Posted Jun 9, 2019 at moneyblog
A good day for this reminder. Stay close to the action, as it keeps you connected. From gapingvoid. Link. Continue reading
Posted Jun 8, 2019 at moneyblog
RBNZ has warned that rising insurance premiums could hit property values in their latest Financial Stability Report. RBNZ Governor Adrian Orr said, our financial system is resilient to current risks – but risks remain elevated. In the case of the... Continue reading
Posted Jun 7, 2019 at moneyblog
With just days remaining until the Risking Everything launch, let’s explore what there is to look forward to. The event is focused on the research conducted by Horizon on behalf of the Financial Services Council. The survey that focused on... Continue reading
Posted Jun 6, 2019 at moneyblog
Clearview's defence of commission is broad and forthright, and well worth a read. There are some shocking numbers to consider - not least that 29% less new business is written each years than before the process of cutting commissions started.... Continue reading
Posted Jun 4, 2019 at moneyblog
So this connects to the issue of what people are scared of versus actual risks. Like the excessive concern about terrorism or air travel, compared to the complacency with which people treat heart disease and colon cancer risk. How does... Continue reading
Posted Jun 4, 2019 at moneyblog
The Chinese insurance market is on path to becoming heavily automated. This exponential change to the market is thanks to the launch of a new insurance scheme being utilized by one of Jack Ma’s many business ventures. With the changing... Continue reading
Posted Jun 3, 2019 at moneyblog
Our shiny new Financial Services Legislation Amendment Act, and new Financial Advice Code, are admirably different - so far - to the mess in Australia. I do not casually label Australia's financial advice sector regulation a mess. This article from... Continue reading
Posted Jun 3, 2019 at moneyblog
The incredibly short time-frame to respond to proposals for conduct law are really pushing people at the moment. The far-reaching consequences of such law, and regulatory powers they create deserve better than this. Continue reading
Posted Jun 3, 2019 at moneyblog
From the glorious XKCD, of course. But there is, perhaps, an underlying message. If you only have a hammer, perhaps everything looks like a nail. Surgeons do surgery, they tend to see conditions through the lens of their expertise -... Continue reading
Posted May 30, 2019 at moneyblog