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.

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ETFs record ‘tepid’ growth in 2022: Morningstar

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

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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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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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Former CEO pleads guilty to dishonest conduct for cheating investors

A former director and CEO has pled guilty to two counts of engaging in dishonest conduct, with two further offences under consideration, for cheating investors of nearly $1 million.

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Perpetual profits drop 55% after Pendal acquisition costs

The asset manager has posted a 55% decline in net profit after tax as a result of costs associated with the Pendal acquisition.

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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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Diverger plans scale increase to target advisers

Diverger has added 160 self-licensed advice firms in the first half of 2022/23 as it targets achieving net revenue of $45 million in FY25.

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Is ASIC litigating enough?

ASIC staff need to consider if they are taking on enough risk in choosing cases to litigate, according to chair Joe Longo, prompting a Senate committee to ask if it should re-adopt the ‘why not litigate’ mantra.

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Clime Capital seeks M&A opportunity amid industry consolidation

Clime Capital has indicated it could take up new M&A opportunities this year as the firm opts to hold onto cash rather than pay an interim dividend.

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Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

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Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

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Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

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The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

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