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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
A quick note to ask you what subjects are going to interest you most in 2019. Obviously, some make the list automatically - like our long list of conduct and compliance issues - but I am particularly interested in other... Continue reading
Posted 39 minutes ago at moneyblog
Commerce and Consumer Affairs Minister Kris Faafoi has today released a Discussion paper seeking feedback on regulations to support the Financial Services Legislation Amendment Bill. The Discussion paper seeks feedback on proposed: licensing fees that prospective financial advice providers will... Continue reading
Posted 2 days ago at moneyblog
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It was great to see the FSC launch the Towards Prosperity research on Thursday night. Some results might surprise those with a solidly agrarian view of the New Zealand economy: Financial services is a large part of our economy –... Continue reading
Posted 2 days ago at moneyblog
Whether you are large or small, starting a new initiative implies risk. Sure, you can draw a slug of capital down, and allocate it to a project. There are problems with that. Some perfectly good projects die for lack of... Continue reading
Posted 3 days ago at moneyblog
Goodreturns has this article (with a decent table of data, so I won't reproduce it here) on the results from Partners Life for the six months to 30 September 2018. Link. Continue reading
Posted 3 days ago at moneyblog
Before you can do more, you must do less. Yesterday you were alive for 24 hours. You did something with the time. Most of the people I know don't have loads of free time. Even if you spent a lot... Continue reading
Posted 3 days ago at moneyblog
The FSC is hosting a new Navigating Regulation Event in March 2019. Well worth attending, from Chatswood Kelly Pulham and I will attend. Click here for details. Continue reading
Posted 4 days ago at moneyblog
My latest piece on goodreturns is at this link. This time the subject is insurance fraud - and whether or not to keep quiet about it. Continue reading
Posted 4 days ago at moneyblog
Gail Costa, CEO CIGNA, has announced the appointment of Jax Mitchell as Head of Distribution, a role which includes the newly acquired OnePath Life business. Continue reading
Posted 5 days ago at moneyblog
When you are planning the year ahead, keeping an eye on new trends may provide you with insights. At first, I thought I would write about advice automation when I read this article from the Sydney Morning Herald, but then... Continue reading
Posted 7 days ago at moneyblog
According to a new study from BNY Mellon's Pershing the survey finds most advisors fail to convey a unique value proposition. This is not unique to the investment world, and is a trend that could worsen as advisers, concerned about... Continue reading
Posted Dec 6, 2018 at moneyblog
Tony Vidler has this excellent video on the answer to the question. Link. You have to be better at promoting what you do than doing what you do. You can argue with that all you like, but if you never... Continue reading
Posted Dec 5, 2018 at moneyblog
Anand Srinivasan provides us with some more detail on the recent article we recently wrote here. It took me over 15 months to get this claim paid out from an initial decline, the key reason for success was every party... Continue reading
Posted Dec 5, 2018 at moneyblog
This announcement from AIA-Sovereign gives details of their new partnership with Airpoints. Sovereign policies will earn 1 Airpoint dollar for every $100 of premium paid. During the period of 30 November 2018 and 28 February 2019 clients are eligible for... Continue reading
Posted Dec 4, 2018 at moneyblog
Fidelity Life has announced a special offer, starting yesterday, they have got rid of the policy fee on their products, for a limited time. If a policy is taken out during the promotional period, then it will enjoy the benefit... Continue reading
Posted Dec 4, 2018 at moneyblog
Chanticleer at the Australian Financial Review has this piece (probably only available to subscribers) that talks up the prospects for AMP - in this case meaning, the AMP that will remain in Australia, and out of the insurance business. It... Continue reading
Posted Dec 3, 2018 at moneyblog
The Economist reports that with the share price impact of the arrest of Carlos Ghosn, CEO of Renault, the market provides strong evidence that key person risk is alive and well. Link. Although neither you, nor your clients, may run... Continue reading
Posted Dec 3, 2018 at moneyblog
Fidelity Life will cease offering incentive travel after the trip which is currently planned for next year. Continue reading
Posted Dec 2, 2018 at moneyblog
From Seth's Blog: Just because you don't understand it …doesn’t mean it isn’t true. …doesn’t mean it isn’t important. If we spend our days ignoring the things we don’t understand (because they must not be true and they must not... Continue reading
Posted Dec 2, 2018 at moneyblog
As of 1 December all the materials that were branded with both ANZ and OnePath are now branded with just OnePath. Continue reading
Posted Dec 1, 2018 at moneyblog
The Australian Financial Review has this article, "AMP admits second overcharging scandal", covering an internal investigation into fees charged to some corporate super clients. Continue reading
Posted Nov 30, 2018 at moneyblog
This Friday the 30th of November is World Aids Day. 42% of Kiwis say they would feel uncomfortable eating food prepared by someone living with HIV, and 46% of New Zealanders would be uncomfortable letting their child play with a... Continue reading
Posted Nov 30, 2018 at moneyblog
Today, 30 November 2018 at 4pm the sale of OnePath to CIGNA New Zealand was finalised. This means that CIGNA is now the new owner of OnePath. Congratulations to CIGNA, Gail Costa and her team. I expect this was a... Continue reading
Posted Nov 29, 2018 at moneyblog
The RBNZ has included New Zealand Life Insurers in a brief section in its Financial Stability report, as reported on goodreturns. You can read the full report at this link. More worrying than the report content, was the comment by... Continue reading
Posted Nov 29, 2018 at moneyblog
As expected AIA, will be called AIA. Goodwill for the "Sovereign" brand is overwhelmed by the benefits of choosing a very large, powerful, global brand for the business. While it may be somewhat sad for those of us who liked... Continue reading
Posted Nov 28, 2018 at moneyblog