Budget 2023: NAB 'concerned' RBA will hike again

amp/NAB/RBA/federal-budget/Budget/

| By Charbel Kadib |

The major bank's chief economist said the RBA may hike rates further, despite stating he is "worried" the economic slowdown would be sharper than projected in the government's budget.

AUTHOR

Charbel Kadib

Charbel is an experienced financial services journalist, previously serving as news editor of The Adviser and Mortgage Business. Prior to joining Money Management, he also covered defence and national security developments as news editor of Defence Connect, Cyber Security Connect, and Space Connect. Charbel graduated from the University of Notre Dame with a double major in politics and journalism.

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Budget 2023: Economic growth to slow to 1.5%

federal-budget/Budget/Jim-Chalmers/treasury/

| By Laura Dew |

Funds management

Treasurer Jim Chalmers has warned economic growth is expected to slow to 1.5 per cent in 2024.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Budget 2023: Chalmers delivers Budget speech

Jim-Chalmers/treasury/Budget/

| By Laura Dew |

Funds management

Treasurer Jim Chalmers has handed down his second Budget, outlining how Labor is preparing Australians for its ‘defining decade’ by helping with cost-of-living pressures.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Big banks bolster bottom lines but pressures persist

banking/Big-four-banks/interest-rates/inflation/financials/

| By Charbel Kadib |

Funds management

Higher interest rates have helped deliver a 10 per cent boost to the major banks’ collective earnings, but weakening economic activity and heightened competition have dimmed the outlook.

AUTHOR

Charbel Kadib

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Green or greed: How do Australians view ESG?

clearbridge/sustainable-funds/investing/climate-change/

| By Jasmine Siljic |

Funds management

While Europe steams ahead with sustainable investment, Australian investors sit on two ends of the ESG spectrum when it comes to sustainable funds, according to ClearBridge.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Australians favour families’ retirement over inheritance

inheritance/inheritance-planning/aged-care/retirement/

| By Rhea Nath |

Financial planning

Amid aged care funding discussions, new research reveals 73 per cent of Australians would be willing to forego an inheritance to let older family members enjoy a comfortable retirement.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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BlackRock and BetaShares expand ETF ranges

blackrock/BetaShares/ETFs/

| By Jasmine Siljic |

People & Products

Both fund management firms have launched two new exchange-traded funds with a focus on developed markets, infrastructure and real estate trusts.

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Jasmine Siljic

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Mercer to own BT’s $1.9bn portfolio management service

mercer/managed-accounts/BT/BT-Super/

| By Rhea Nath |

People & Products

BT’s Private Portfolio Management business will transition to Mercer later this year, following the acquisition of Advance Asset Management and the transfer of BT Super.

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Rhea Nath

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Former Courtenay House contractor sentenced over $180m Ponzi scheme

ASIC/Ponzi-scheme/

| By Rhea Nath |

Financial planning

Athan Papoulias, former contractor to and promoter of Courtenay House investments, has been sentenced to two years’ imprisonment for his role in the Ponzi scheme.

AUTHOR

Rhea Nath

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Count eyes success as significant wealth player

quality-of-advice-review/Countplus/Hugh-Humphrey/

| By Laura Dew |

Financial planning

Count’s chief executive, Hugh Humphrey, has told Money Management he hopes the firm’s rebranding will help it streamline its business as it acquires Affinia and sets out to be a significant player in wealth management.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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