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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
What are the big risks for the world? If you want a robust list of what needs to be managed - albeit perhaps a little big for any one of us alone, then download the World Economic Forum: Global Risks... Continue reading
Posted yesterday at moneyblog
The new research datbase V118 has just been uploaded onto Quotemonster with a few rating changes as outlined below: Partners Life new policy documents dated 5 /12/ 2018 for all products Pinnacle Life's Funeral Cover new policy wording Nib new... Continue reading
Posted 3 days ago at moneyblog
The Australian Financial Services Royal Commission recommendation 2.5 reads: Recommendation 2.5 — Life risk insurance commissions When ASIC conducts its review of conflicted remuneration relating to life risk insurance products and the operation of the ASIC Corporations (Life Insurance Commissions)... Continue reading
Posted 3 days ago at moneyblog
My compliance guru, Rob Dowler, has brought to my attention the need for more pre-conception genetic testing.Genetic testing articles in conjunction with the subject of insurance are usually raised in the context of underwriting discussions. Unless you are aware of... Continue reading
Posted 4 days ago at moneyblog
AMP is experiencing the predictable challenges of its restructuring - as described here by David Chaplin. Continue reading
Posted 5 days ago at moneyblog
Brian Klee, writing for life-info.org.nz, has written about the importance of product commission. The International Association of Insurance Supervisers largely agrees with Brian on this one too. Continue reading
Posted 6 days ago at moneyblog
It is worth following the changes being proposed by government to New Zealand’s vocational training environment, as announced last week. It is important to see what implications, if any, those proposed changes being consulted upon will have for financial advice... Continue reading
Posted 6 days ago at moneyblog
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According to the recent Bain’s Customer Behavior and Loyalty in Insurance report Insurers are falling short on delivering value to their customers. Click here to read more. Continue reading
Posted 6 days ago at moneyblog
A brief discussion of economic fundamentals by this fund manager looking at New Zealand as a destination for investment from outside gives a reasonably balanced view of the situation. Link. Continue reading
Posted Feb 15, 2019 at moneyblog
Darrin Franks has written this article on Stuff.co.nz questioning why the recent FMA/RBNZ report on life insurers didn't give ACC a mention. Continue reading
Posted Feb 14, 2019 at moneyblog
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According to this article those with a university degree can expect much greater lifetime earnings than those without one. Financial services offers careers without degrees to many people who have better soft skills than academic ones - but will that... Continue reading
Posted Feb 14, 2019 at moneyblog
Can be found at this link, at RiskInfoNZ. Continue reading
Posted Feb 13, 2019 at moneyblog
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Join us at the FSC conference on 11 and 12 September - to grab your place at the superearlybird price click here. Continue reading
Posted Feb 12, 2019 at moneyblog
Another robo-adviser has gone online. How many robo-advisers will there be? The way we phrase that question may not be helping us assess the future. Rather than define the business as 'robo' why not ask, how many advice businesses will... Continue reading
Posted Feb 12, 2019 at moneyblog
In an awful appropriation of a line from a beautiful Elizabeth Barret Browning poem, I shall ask "How do I offend thee, let me count the ways..." as the headline for thinking about advertising. A friend of my wife's think... Continue reading
Posted Feb 11, 2019 at moneyblog
You can change the country and explore the data sources in the chart above. Continue reading
Posted Feb 11, 2019 at moneyblog
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I love this piece from social media about the impact on brokers of some of the recommendations coming out of the Hayne Report in Australia. It's fun, and it highlights the kind of engagement advisers can have with their clients,... Continue reading
Posted Feb 11, 2019 at moneyblog
Even non-underwritten, or guaranteed acceptance covers, vary considerably. Consider these surprising variations: Take, for example, the question of pre-existing conditions exclusions. These are often considered to be a given with non-underwritten covers. Yet one of the products on offer in... Continue reading
Posted Feb 10, 2019 at moneyblog
To download the FinTech Developments in the Insurance Industry by the International Association of Insurance Supervisors, click here and select the report from the list. Continue reading
Posted Feb 9, 2019 at moneyblog
Partners Life are hosting a number of presentations around the country later this month to share with advisers two exciting new initiatives - that appear to be all about the need for cover. Click here to read more. Looking at... Continue reading
Posted Feb 8, 2019 at moneyblog
Here you can find the ninth message from the FSC about future changes coming to financial advice regulation. Feedback must be submitted by the 22nd of February. Click here to view the previous eight messages. Continue reading
Posted Feb 7, 2019 at moneyblog
"Rogue" is hardly a word I would contemplate for any regulator, let alone the Reserve Bank of New Zealand. I don't even agree with the point of view offered in this piece by Geof Mortlock, mainly because I am non-expert... Continue reading
Posted Feb 7, 2019 at moneyblog
The feedback can often be positive. Consumers seek better products and industry innovates. But complexity and innovation often create new challenges - some are used by people for bad purposes, and so require some form of regulatory oversight. The internet... Continue reading
Posted Feb 6, 2019 at moneyblog
The new medical insurance premium comparison is now on Tableau server and in the Premium Comparison Dropbox. It has the following changes: Update to Partners Life rates effective 31/12/18. Update to nib rates effective 1/1/19. Update to Sovereign policy fee... Continue reading
Posted Feb 4, 2019 at moneyblog
Commission is not a universal issue. The issue at stake is value. Take this article, which makes a feature of the chart showing commission as a percentage of premiums. That is shown without, for example, pointing out that more than... Continue reading
Posted Feb 4, 2019 at moneyblog