Big banks bolster bottom lines but pressures persist

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

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

Green or greed: How do Australians view ESG?

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

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

Australians favour families’ retirement over inheritance

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

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

BlackRock and BetaShares expand ETF ranges

blackrock/BetaShares/ETFs/

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

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

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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Former Courtenay House contractor sentenced over $180m Ponzi scheme

ASIC/Ponzi-scheme/

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.

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Count eyes success as significant wealth player

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

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

Is adviser experience equivalent to education?

Kaplan/FPA/AFA/phil-anderson/

In light of the recent experience pathway consultation, former AFA chief executive Phil Anderson has debated whether 10 years of experience can be comparable to a university degree.

AUTHOR

Responsible investors driven by convenience and pragmatism

ESG/ESG-investments/netwealth/

New data has revealed that while more Australians are investing responsibly, those who are sceptical of ESG have hardened their stance.

AUTHOR

GQG approaches US$100bn FUM

GQG-Partners/flows/fund-flows/

Funds under management at GQG Partners are approaching US$100 billion thanks to inflows of more than US$5 billion since the start of 2023.

AUTHOR

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