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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
24 Feb 2021 – Trustees Executors’ newsletter advised of the recent publication of a final report by the Board of the International Organization of Securities Commissions (IOSCO) outlining nine sound practices for retail investor complaint procedures in financial markets. The... Continue reading
Posted yesterday at moneyblog
23 Feb 2021 – IRD released a special report on the new resurgence support payment legislation. https://taxpolicy.ird.govt.nz/news/2021/2021-02-23-special-report-resurgence-support-payment 24 Feb 2021 – Companies Office published the following notice on it FSPR website: https://fsp-register.companiesoffice.govt.nz/ FSPR online services will be unavailable from 5pm... Continue reading
Posted 2 days ago at moneyblog
nib New Zealand has reported on the half year results that were presented in a webcast by nib holdings limited. nib New Zealand CEO Rob Hennin has said that the results to 31 December 2020 were pleasing. Hennin noted that... Continue reading
Posted 4 days ago at moneyblog
The Sydney Morning Herald had that powerful headline in a revealing piece about the future direction for ASIC as it enters upon the search for a new CEO. Link: https://www.smh.com.au/politics/federal/new-asic-chief-must-enforce-rules-not-fantasise-about-setting-them-hartnell-20210221-p574cs.html Continue reading
Posted 5 days ago at moneyblog
22 Feb 2021 – Privacy Commissioner released new guidance in relation to Privacy Principle 12 for sending personal information overseas, with the guidance in the form of two new interactive online tools to help organisations and businesses understand what they... Continue reading
Posted 5 days ago at moneyblog
18 Feb 2021 – Privacy Commissioner newsletter confirmed that Privacy Week 2021 will take place 10-14 May 2021. 18 Feb 2021 – The former Minister of Commerce and Consumer Affairs, Hon Faafoi, released his diary for September 2020, being the... Continue reading
Posted Feb 18, 2021 at moneyblog
What should advice cost? That was an excellent question from the audience during the first two of our recent getting in shape series. Perhaps this seemingly simple question surprised our panel. The answer to the question is not easy. It... Continue reading
Posted Feb 17, 2021 at moneyblog
Asteron Life’s insurance index 2020 provided insight into the insurance-related decisions made by SMEs. The index illustrated that the number of SMEs with multiple life insurance cover decreased when compared to the findings of 2019, with 38% of SMEs having... Continue reading
Posted Feb 16, 2021 at moneyblog
16 Feb 2021 – Taxation (Covid-19 Resurgence Support Payments and Other Matters) Bill introduced into Parliament, expected to be passed under urgency today. https://taxpolicy.ird.govt.nz/news/2021/2021-02-16-resurgence-support-payments-bill-introduced Continue reading
Posted Feb 15, 2021 at moneyblog
Reminder: Guidelines for Financial Services businesses and staff under COVID Alert levels with relevant weblinks at https://www.fma.govt.nz/news-and-resources/covid-19/financial-services-operating-at-level-2/ and https://www.fma.govt.nz/news-and-resources/covid-19/financial-services-operating-at-level-2/ Online investing platforms – resources https://www.fma.govt.nz/investors/online-investing-platforms/ Don’t miss out: last chance to apply for a transitional licence before 15 March 2021... Continue reading
Posted Feb 14, 2021 at moneyblog
With the move to alert level three travel plans for this week have been cancelled. I shall be in touch with each of you to reschedule meetings that were planned for in-person with either Zoom or a tentative alternative date.... Continue reading
Posted Feb 14, 2021 at moneyblog
12 Feb 2021 - FMA release advising that ANZ admits breaching FMC Act for misleading representations over credit card insurance charges. A hearing to determine the penalty was held today at the High Court at Auckland. https://www.fma.govt.nz/news-and-resources/media-releases/anz-admits-breaching-fmc-act/ 12 Feb 2021... Continue reading
Posted Feb 11, 2021 at moneyblog
AMP has revealed that the non-binding sale proposal made by Ares Management in October 2020 will not proceed. AMP has highlighted that it will continue to engage with Ares Management in regards to AMP Capital’s portfolio review. The AMP Board... Continue reading
Posted Feb 11, 2021 at moneyblog
10 Feb 2021 – Financial Services Council released a media statement detailing the results of research titled, “Unlocking the Potential of Professional Financial Advice”. https://www.scoop.co.nz/stories/BU2102/S00109/unlocking-the-potential-of-new-zealands-financial-front-line.htm Continue reading
Posted Feb 10, 2021 at moneyblog
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Dr. Clark acknowledged the work of financial advisers in helping New Zealanders manage financial affairs through the pandemic. Continue reading
Posted Feb 9, 2021 at moneyblog
RBNZ Governor Adrian Orr has said that all stakeholders affected by the recent data breach are currently being notified. RBNZ is also supporting organisations who had sensitive files downloaded. Orr has noted that Accellion, a US cloud solution company, failed... Continue reading
Posted Feb 9, 2021 at moneyblog
3 Feb 2021 – FMA Chief Executive Rob Everett spoke at the Financial Services Council Outlook 2021 event about a year in review, a look to the year ahead and key learnings from the challenging year that was 2020. https://www.fma.govt.nz/news-and-resources/speeches-and-presentations/rob-everett-fsco-2021/... Continue reading
Posted Feb 8, 2021 at moneyblog
David Chaplin's Investment News has this piece on the adviser numbers in Australia after their recent regulatory changes. Numbers are almost a third down in 2018. Although the article quotes some slightly more upbeat news from those that are getting... Continue reading
Posted Feb 7, 2021 at moneyblog
For those of your with Newsroom Pro you might like to check out Peter Dunne's article, asking why PHARMAC's involvement in vaccine buying appears to be very limited: https://www.newsroom.co.nz/pro/where-is-pharmac-when-we-need-it-most Continue reading
Posted Feb 5, 2021 at moneyblog
The Economist has this article - from their graphic detail data analysis section - on why women are less likely to die from COVID-19. Link: https://www.economist.com/graphic-detail/2021/02/04/why-women-are-less-likely-than-men-to-die-from-covid-19 Continue reading
Posted Feb 4, 2021 at moneyblog
Stephen Dubner, and economist, talks with Ned Sharpless, director of the National Cancer Institute (USA) about cancer research and how to fix the incentives to achieve better outcomes. The podcast includes a great discussion about what progress has been made,... Continue reading
Posted Feb 3, 2021 at moneyblog
nib New Zealand CEO Rob Hennin outlined the company’s shift in strategic thinking. Instead of focusing on ‘sick care’ nib will be focused on ‘well care’. Hennin noted that COVID-19 has meant that health insurers are more determined to promote... Continue reading
Posted Feb 2, 2021 at moneyblog
2 Feb 2021 – Privacy Commissioner released his 2020 briefing to the incoming Minister of Justice and issued more privacy guidance on contact tracing registers. Web links to each release are available at https://www.privacy.org.nz/publications/reports-to-parliament-and-government/2020-briefing-to-the-incoming-minister-of-justice/ and https://www.privacy.org.nz/blog/more-privacy-guidance-on-contact-tracing-registers/ Continue reading
Posted Feb 1, 2021 at moneyblog
1 Feb 2021 – Minister of Commerce and Consumer Affairs, Hon David Clark, December 2020 diary released with the following potential financial services sector related meetings noted: 2 Dec 2020 – Announcement of clearer lending rules (Attendees not listed) 2... Continue reading
Posted Jan 31, 2021 at moneyblog
Health and wealth are clearly strongly connected. Poor health usually leads to poverty. Good health is both often a precondition for wealth and easier to maintain when you have more resources and choices. This connection will be explored in the... Continue reading
Posted Jan 29, 2021 at moneyblog