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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 Aotearoa-New Zealand. I love to draw, work out, play piano, and soon I may admit to gardening.
Recent Activity
We can confirm that the rate changes for Southern Cross effective 01 July 2022 are now live on Quotemonster. Happy Crunching! Continue reading
Posted yesterday at moneyblog
30 June 2022 – IRD released its compliance focus on offshore tax transparency, together with guidance to assist tax agents in complying with the international rules. https://www.ird.govt.nz/media-releases/2022/offshore-tax-transparency-compliance-focus 30 June 2022 – XRB release indicating that it is now a month... Continue reading
Posted 2 days ago at moneyblog
Recently we completed a search for the public disclosure documents of more than 1,000 Financial Advice Providers and did an in-depth analysis of the public disclosure documents. Results were both encouraging and worrying.The survey includes data on: The scope of... Continue reading
Posted 2 days ago at moneyblog
28 June 2022 - Financial Markets (Conduct of Institutions) Amendment Bill completed third reading in Parliament. https://www.beehive.govt.nz/release/govt-passes-law-protect-consumers-banking-and-insurance-sector https://www.fma.govt.nz/news-and-resources/media-releases/culture-shift-for-financial-services-cofi-bill-passes/ https://www.mbie.govt.nz/about/news/new-financial-conduct-regime-will-ensure-customers-are-treated-fairly/ https://www.parliament.nz/en/pb/bills-and-laws/bills-proposed-laws/document/BILL_93443/financial-markets-conduct-of-institutions-amendment-bill 29 June 2022 – RBNZ released a statement outlining that, at a meeting of South Pacific Central Bank Governors on... Continue reading
Posted 3 days ago at moneyblog
It has definitely been a big year for the Quotemonster team! We have recently released an updated version of the QPR database to Quotemonster which contains the following updates: New policy document versions for Accuro, AIA Private Health, ANZ Bank,... Continue reading
Posted 3 days ago at moneyblog
27 June 2022 – The Financial Advice Code website was updated to include the names of the two new Code Committee members appointed in April 2022, being Karen Coutts and Erin Jurgeleit. https://financialadvicecode.govt.nz/about-the-code/ 27 June 2022 – Law Commission published... Continue reading
Posted 4 days ago at moneyblog
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Medical Assurance Society has launched some cool new policy document technology. In summary: They have recently completed our plain language review of policy documents They have gone to an omnibus documents - for example creating a single document for their... Continue reading
Posted 5 days ago at moneyblog
23 June 2022 – FMA published an information sheet to help financial services firms enhance the resilience of their technology and operational systems, and meet any relevant licence obligations. https://www.fma.govt.nz/news-and-resources/media-releases/cyber-security-priority-financial-sector/ A couple of news articles out of Australia that I... Continue reading
Posted 5 days ago at moneyblog
We invite you to join our next training session with Kelly, our National Partnerships Lead, which takes place on Monday, 4 July 2022 10:30 AM-11:30 AM. In this introductory session, we will go over the basics of using the website... Continue reading
Posted Jun 23, 2022 at moneyblog
21 June 2022 - Financial Markets (Conduct of Institutions) Amendment Bill completed its Committee stage in Parliament, with the Third Reading still to come. https://www.parliament.nz/en/pb/bills-and-laws/bills-proposed-laws/document/BILL_93443/financial-markets-conduct-of-institutions-amendment-bill 21 June 2022 - Companies (Levies) Amendment Bill completed its First Reading in Parliament, with... Continue reading
Posted Jun 21, 2022 at moneyblog
Check out our latest Advicemonster demonstration with super adviser Dominic Bish from Bolster Risk Management. Continue reading
Posted Jun 20, 2022 at moneyblog
20 June 2022 – FMA published its Auditor Regulation and Oversight Plan 2022-2025. https://www.fma.govt.nz/news-and-resources/reports-and-papers/auditor-regulation-and-oversight-plan 15 & 17 June 2022 – The Government Consumer Protection website posted information titled “Phishing makes up most scams reported to CERT NZ” and “Scammers using... Continue reading
Posted Jun 19, 2022 at moneyblog
The Financial Markets Conduct of Institutions Bill has a Special Order Paper added which has just been released and available here: https://legislation.govt.nz/sop/government/2022/0173/latest/096be8ed81c361f5.pdf. Of particular interest to Financial Advisers under the new regime will be the changes to definition of intermediary... Continue reading
Posted Jun 16, 2022 at moneyblog
16 June 2022 – APRA released the Australian annual life insurance supplementary statistical tables and biannual life insurance institution-level statistics for December 2021. https://www.apra.gov.au/news-and-publications/apra-releases-life-insurance-supplementary-statistical-tables-and-1 16 June 2022 - Minister of Commerce and Consumer Affairs, Hon David Clark, April 2022 diary... Continue reading
Posted Jun 16, 2022 at moneyblog
15 June 2022 – XRB released a summary of the submissions it received on the Strategy, and Metrics and Targets sections of its Climate-related Disclosures. https://www.xrb.govt.nz/ 14 June 2022 – RBNZ announced that the first stage of the Reserve Bank’s... Continue reading
Posted Jun 14, 2022 at moneyblog
We invite you to join our next training session with Kelly, our National Partnerships Lead, which takes place on Wednesday, 22 June 2022 10:00 am-11:00 am In this introductory session, we will go over the basics of using the website... Continue reading
Posted Jun 14, 2022 at moneyblog
My latest post on goodreturns is about how health insurance is mainly offered to clients these days. It is a story revealed by data. I should mention that subscribers to our quarterly data analysis package receives the underlying information behind... Continue reading
Posted Jun 14, 2022 at moneyblog
10 June 2022 – XRB published a working draft of guidance for industry bodies, consultants and entities engaged in developing climate-related scenarios at a sectoral scale. It outlines a six-step process that shows how the Task Force on Climate-related Financial... Continue reading
Posted Jun 12, 2022 at moneyblog
In a recent quarterly life report for our institutional subscribers we offered a summary of research into the content of statements of advice. A brief introduction to the research can be gleaned from this article on goodreturns. If you would... Continue reading
Posted Jun 9, 2022 at moneyblog
8 June 2022 – The Privacy Commissioner released updated information on privacy and CCTV. https://privacy.org.nz/resources-2/privacy-and-cctv/ 9 June 2022 – Media reported that the Competition and Consumer Policy Division of MBIE had sent a letter to lenders and finance industry associations... Continue reading
Posted Jun 8, 2022 at moneyblog
8 June 2022 - Justice Minister Kris Faafoi announced the appointment of Michael Webster as the new Privacy Commissioner. Mr Webster is the current Secretary of the Cabinet. https://www.beehive.govt.nz/release/new-privacy-commissioner-appointed-1 Continue reading
Posted Jun 7, 2022 at moneyblog
25 May 2022 – FMA and XRB released a “Climate-Related Disclosures Director Preparation Guide” published on the chapterzero.nz website. https://www.chapterzero.nz/resources-2/climate-related-disclosures-guide/ Continue reading
Posted Jun 6, 2022 at moneyblog
This story about a woman's cancer journey, with her husband, parents, and her young children, is a sad and beautiful reminder of the truth that sooner or later everyone has to face. Her case was particularly moving descriptions of thinking... Continue reading
Posted Jun 6, 2022 at moneyblog
2 June 2022 – Council of Financial Regulators released information about its quarterly meeting held on 31 May 2022, together with an updated Regulatory Initiatives Calendar. https://www.cofr.govt.nz/ Continue reading
Posted Jun 3, 2022 at moneyblog
2 June 2022 – NZ Police Financial Intelligence Unit released The Suspicious Activity Report for April 2022. https://www.police.govt.nz/advice-services/businesses-and-organisations/nz-financial-intelligence-unit-fiu/fiu-reports 2 June 2022 – The Companies (Levies) Amendment Bill was introduced into Parliament, to create a new regulation-making power that will enable... Continue reading
Posted Jun 2, 2022 at moneyblog