MM Newsletter
28 Feb 2023
Latest News
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Wealth segment bolsters CountPlus’ strong performance in 1H23

The firm noted an 8% rise in reported revenue along with growth of 13% in Count Financial advisers in the first half of the financial year.

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ETFs record ‘tepid’ growth in 2022: Morningstar

Despite exchange traded funds’ increasing popularity amongst retail investors, assets witnessed slower growth compared to 2021, growing 4.9% in 2022.

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Praemium earnings up, fund flows down

The investment platform has issued its first financial results update following the sale of its international business.

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Westpac joins peers in revising cash rate outlook

The major bank has revised its monetary policy expectations off the back of the Reserve Bank's hawkish rhetoric.

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Pengana reports nil performance fees in 1H23

Fund manager Pengana Capital Group paid zero performance fees in the first half of the financial year despite positive performance, a “highly unusual” position for the firm.

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APRA locks in rate buffer amid stability risks

The prudential regulator has opted to maintain its macroprudential settings, citing a “high degree of uncertainty” in the economic outlook.

Features
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Levy’s QOA Review: The hits and misses

Around a year in the making, the Quality of Advice Review continues to divide an industry looking for meaningful reform.

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