MM Newsletter
17 Feb 2023
Latest News
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INDUSTRY NEWS
‘Dramatic improvement’ seen in new entrant hires

Over 230 new entrants have appeared on the Financial Adviser Register since 1 July 2022 with their numbers cited as a key strategy for licensee growth.

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INDUSTRY NEWS
Lowe responds to 'unfair' governorship criticism

'It's not just me', RBA governor, Phil Lowe, has said in response to criticism of the central bank's monetary policy tightening strategy.

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INDUSTRY NEWS
Advice NPAT significantly improves at AMP

AMP has announced the progress of its Advice transformation as advice net profit after tax has more than halved from a loss of $146 million a year ago.

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INDUSTRY NEWS
Magellan statutory NPAT declines 67% in H1

Statutory net profit after tax at Magellan has declined 67% while performance fees declined from $11.5m to $0.1m, as the firm announces its first-half results for FY23.

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INDUSTRY NEWS
Netwealth earnings up despite surge in FUA, FUM outflows

The super and investment services platform has reported underlying profit growth, despite a spike in outflows across both its FUA and FUM portfolios.

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INDUSTRY NEWS
Iress welcomes MLC and Praemium on advice platform

MLC Life Insurance and Praemium have signed MOU’s to collaborate on Iress’ Connectivity Network.

Outsider
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INDUSTRY NEWS
The QOA Oscar speech

Like most of the financial advice industry, Outsider has spent the week reading through the final report of the Quality of Advice Review.

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INDUSTRY NEWS
A romantic state

With Valentines’ Day just around the corner, Outsider had better get his thinking cap on as to what he can buy for Mrs O this year.

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INDUSTRY NEWS
A constant state of anticipation

Outsider is no stranger to hearing about obscure job titles but one recent title is even new to him.

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