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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
QPR subscribers have just received the latest database version (138) it is also live on Quotemonster, the changes in this version include: * Cigna - new policy document 11/11/2020 - rating changes applied * Unimed - new policy document 01/08/2020... Continue reading
Posted 6 hours ago at moneyblog
25 Nov 2020 – The Privacy Commissioner posted information on its Compliance and Regulatory Action Framework on the Privacy Commission website. https://www.privacy.org.nz/about-us/transparency-and-accountability/opc-policies/caraf/ Continue reading
Posted 8 hours ago at moneyblog
The Health Funds Association of NZ will merge with the Financial Services Council from 1 December. Congratulations to the FSC and HFANZ on concluding the merger. In an increasingly complex environment, driven by regulatory change, technology, and consumer choice, it... Continue reading
Posted yesterday at moneyblog
Alan Rafe has decided to step down as CEO and Quotemonster are now looking to hire a General Manager. This role suits an aspiring leader with a substantial part of their experience in life and health insurance product development, claims... Continue reading
Posted yesterday at moneyblog
24 Nov 2020 – The Law Commission published its report titled, “The Use of DNA in criminal investigations”. The report’s recommendations include replacing the current law which the Commission states is neither comprehensive nor future proofed. Hon Kris Faafoi, Minister... Continue reading
Posted 2 days ago at moneyblog
nib has announced it’s partnership with Tend to allow eligible nib members unlimited access to Tend’s GPs through an app. Rob Hennin, nib New Zealand CEO, has said that the partnership will allow members to become more proactive about their... Continue reading
Posted 3 days ago at moneyblog
23 Nov 2020 – IRD advised of technical changes to the OECD Common Reporting Standard (CRS) for 2021 relating to the Automatic Exchange of Information (AEOI) for Tax Purposes, which may have an impact on reporting New Zealand financial institutions.... Continue reading
Posted 3 days ago at moneyblog
Today we are welcoming Melissa Waddel to the Chatswood team. Melissa is joining us to provide administration support so that experienced members of the team can spend more time with clients and on client projects. If you are a regular... Continue reading
Posted 4 days ago at moneyblog
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Scam emails are becoming more sophisticated - but there are still some obvious ways to spot them: see link. Continue reading
Posted 6 days ago at moneyblog
nib has announced the implementation of Melvin, a machine learning engine, that will process claims that are submitted via the app. The adoption of this engine is intended to reduce manual data entry. Brendan Mills, nib Group CEO, has said... Continue reading
Posted 7 days ago at moneyblog
nib has published the findings from its State of the Nation Parenting Survey. The survey looked into the concerns of parents in 2020. Behavioural issues was identified as the top health related concern. This concern was raised by 34% of... Continue reading
Posted Nov 18, 2020 at moneyblog
18 Nov 2020 – The Privacy Commissioner published a reminder regarding the Model Contract Clauses for “Disclosing personal information outside New Zealand” under new Privacy Principle 12 available on the Commission website at https://privacy.org.nz/news-and-publications/guidance-resources/disclosing-outside-nz/ 19 Nov 2020 – As part... Continue reading
Posted Nov 18, 2020 at moneyblog
Regular readers will know that I like Seth Godin's blog. If you haven't tried it, then this piece (just 2 minutes to read) is a great introduction. Link. Continue reading
Posted Nov 18, 2020 at moneyblog
18 Nov 2020 – The FMA commenced consultation on proposed guidance on advertising offers of financial products under the Financial Markets Conduct Act 2013, with consultation closing on 16 Feb 2021. https://www.fma.govt.nz/compliance/consultation/proposed-guidance-on-advertising-offers/ Continue reading
Posted Nov 18, 2020 at moneyblog
Congratulations to SHARE on their acquisition of the Newpark network. Goodreturns reported that SHARE NZ has bought out Darren Gannon - the details below come from their article. Darren called me to explain that the assets of the network have... Continue reading
Posted Nov 17, 2020 at moneyblog
17 Nov 2020 – FMA released the FAP final licensing application guide titled, “Guide for providers of Financial Advice Services – an introduction to Full Licence requirements.” https://www.fma.govt.nz/assets/Licensing-guides/Introductory-guide-to-full-licence-requirements.pdf 17 Nov 2020 – RBNZ launched consultation on the details for implementing... Continue reading
Posted Nov 16, 2020 at moneyblog
12 Nov 2020 – IRD advised that the Government has announced some changes to the Small Business Cashflow (Loan) Scheme, including extending applications for the loan, which can now be made until 31 December 2023, an extension of 3 years.... Continue reading
Posted Nov 16, 2020 at moneyblog
16 Nov 2020 – FMA to launch the Full Licensing Application Guide for Financial Advice Provider licenses at an in person and online event hosted by Financial Advice NZ in Christchurch. https://financialadvice.nz/event/launch-of-full-licensing-requirements-for-the-new-regime/ Continue reading
Posted Nov 15, 2020 at moneyblog
If you already have a transitional licence or a signed contract with a company that has one, then this doesn't apply to you. If you haven't signed up - one way or another - It is time to get a... Continue reading
Posted Nov 14, 2020 at moneyblog
11 Nov 2020 – RBNZ announced a delay to the start of increases in bank capital until 2022 to allow banks continued headroom to respond to the effects of the COVID-19 pandemic and to support the economic recovery. In December,... Continue reading
Posted Nov 11, 2020 at moneyblog
Okay, I know that life insurance is not quite the compelling subject for others as it is for me, but AIA recently conducted some research which revealed a quite astonishing fact: "... two thirds of Kiwis having never had a... Continue reading
Posted Nov 11, 2020 at moneyblog
Southern Cross has announced the launch of Cancer Cover Plus. The new cover is intended to give members broader chemotherapy options. Cancer Cover Plus will give members the option to upgrade to Chemotherapy 100, which has a benefit limit of... Continue reading
Posted Nov 11, 2020 at moneyblog
10 Nov 2020 – The Financial Advisers Disciplinary Committee website has again been amended such that the “Next Hearing” has been changed from 19 Nov 2020 to Thursday, 10 Dec 2020 at 9:00 a.m., with no further information provided other... Continue reading
Posted Nov 10, 2020 at moneyblog
It is with great sadness that we say a final farewell to Fred Dodds. Fred passed away this morning after his fight with cancer. Our thoughts are with his family at this time. You can read more about Fred on... Continue reading
Posted Nov 8, 2020 at moneyblog
The Financial Services Institute of Australasia (FINSIA) is set to host a breakfast networking session and a review of the latest Financial Stability Report. Geoff Bascand, RBNZ Deputy Governor, will be in attendance. During the session Bascand will discuss the... Continue reading
Posted Nov 7, 2020 at moneyblog