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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
Partners Life are holding a number of workshops around the country in November to launch their new software PLUME. PLUME means Partner Life Underwriting Management Engine - I think you can tell what it does. The system is aimed at... Continue reading
Posted 2 days ago at moneyblog
According to the recent World Insurance Report published by CapGemini almost 30% of consumers would consider buying insurance from tech companies such as Google and Amazon. Martin Stewart from Axe Group sees them as well positioned because of: Access to... Continue reading
Posted 3 days ago at moneyblog
According to Dr Andrew Klein, a UK anaesthetist and editor-in-chief of the journal Anaesthesia, fake medical data is on the rise. He believes that there is about one fake medical study for every 40 papers submitted for publication. There is... Continue reading
Posted 4 days ago at moneyblog
KPMG has published a good environmental review for wealth management. Although I try to stick largely to matters of insurance and risk management, much of this review is applicable to those areas too. Also, some of the trends discussed are... Continue reading
Posted 5 days ago at moneyblog
The disclosure regulations consultation is not too large to quickly get your thinking around at little more than a dozen pages of real content. The issues for more detailed discussion are, perhaps, the disclosure of scope, commission, and conflicts of... Continue reading
Posted 5 days ago at moneyblog
Radar Results Marketing created a summary of over 130 financial planning practices and client registers from the past six months to September 2019. The summary outlines the recurring revenue multiples for the different revenue types. As stated in the table... Continue reading
Posted 6 days ago at moneyblog
The AFR reports that APRA is so concerned about the crisis in insurance coverage in northern parts of Australia that it wants a new approach to the market: "All levels of government must act to save swathes of northern Australia... Continue reading
Posted 7 days ago at moneyblog
Women arrive at retirement 18% financially worse off than men, on average, they also tend to live longer. Research commissioned by CFFC states that there are more than twice as many women as men living in poverty post age 65... Continue reading
Posted Oct 11, 2019 at moneyblog
From the team at MBIE: We are now seeking feedback on the draft regulations that will set the disclosure requirements that will apply in the new financial advice regime. The Financial Markets Conduct (Regulated Financial Advice Disclosure) Amendment Regulations will... Continue reading
Posted Oct 10, 2019 at moneyblog
The Edge radio host Michael Kooge, aged 35 calls himself "the unluckiest guy in the world" after battling through stage three melanoma in 2012 was then told he had an unrelated glioblastoma (type of brain cancer) in 2017. It is... Continue reading
Posted Oct 9, 2019 at moneyblog
UK Doctors say in this article that over half of melanoma patients are now surviving the disease that was considered untreatable a decade ago. Immunotherapy drugs are making a big impact on survival rates and quality of life. A clinical... Continue reading
Posted Oct 8, 2019 at moneyblog
Chatswood has just sent the premium comparison database out to all subscribers. Recent changes include: Updated Partners Life Mortgage Replacement rates effective 1/10 Removed all AIA Real rates Continue reading
Posted Oct 7, 2019 at moneyblog
In their newsletter KensingtonSwan has highlighted how complex the new financial sector law is becoming: "The outcome of the path taken with the CoFI reforms is that a piece of legislation that is already one of the most complex in... Continue reading
Posted Oct 7, 2019 at moneyblog
I am so glad to have Doreen as part of the team. With us for several weeks now, Doreen has been learning fast and picking up the product research baton really well. We are looking for some advisers and underwriters... Continue reading
Posted Oct 6, 2019 at moneyblog
Antibiotic developer company Achaogen has filled for bankruptcy earlier this year as sales of its drugs failed to keep pace with operational costs as antibiotics are short-term drugs with limited shelf lives. The economic fundamentals may leave the world with... Continue reading
Posted Oct 5, 2019 at moneyblog
Australian actuaries are concerned that heat stroke death rates will rise and superannuation balances will be reduced as the effects of climate change make themselves felt in health and the Australian economy. Continue reading
Posted Oct 4, 2019 at moneyblog
Well worth checking out this report - both if you are an employer considering policy, and if you are a stakeholder in the employer market for insurance. Link. Continue reading
Posted Oct 3, 2019 at moneyblog
This article on Stuff relates to the general unfair contract law changes proposed, not just the changes likely to arise from financial services conduct review going on. As I read it I found myself wondering: don't we already have laws... Continue reading
Posted Oct 2, 2019 at moneyblog
Sarah Vrede, former head of the NZ Debt Management Office within the Treasury, has been appointed Director of Capital Markets. Sarah will join the FMA in November and be based in Wellington. Clare Bolingford, a senior employee at Financial Conduct... Continue reading
Posted Oct 1, 2019 at moneyblog
This article by Rob Stock for tells the story of one mans unfortunate run of bad luck which financially ruined him. Stock discusses "threat multipliers" and gives his golden rules for reducing them. This scenario underlines the need for... Continue reading
Posted Sep 30, 2019 at moneyblog
Matthew Herper at Statnews has this fascinating article on the importance of HPV vaccination. In New Zealand HPV vaccination was originally only funded for females between, but this was extended to males in 2017. The prevention of cancers of the... Continue reading
Posted Sep 28, 2019 at moneyblog
Stories From the Marketplace by Michael Larsen explores the history of at New Zealand’s Capital Market. The book focuses on the events that occurred within the past 30 years although it is initiated by the NZX to mark their 150th... Continue reading
Posted Sep 27, 2019 at moneyblog
Nigel Brunel, Director of Institutional Communications at OMF (owned by Jarden) describes our main climate change policy: "NZ’s Climate Change Weapon - Why Our ETS Is A Plastic Fork For A Gun Fight" In his piece, which is not a... Continue reading
Posted Sep 26, 2019 at moneyblog
OnePath have announced some changes to their systems. From the 1st of October they will be moving away from their current "back-end" system Talisman to the cloud-based Sonata system. Due to the change they have requested all applications and requirements... Continue reading
Posted Sep 26, 2019 at moneyblog
As required by our agreement with an important customer, Chatswood has reviewed its commitment to diversity, and publishes this statement of policies intended to support our goal of a diverse and inclusive workplace. We take this seriously, as well as... Continue reading
Posted Sep 25, 2019 at moneyblog