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Showing 231 - 240 of 1129 results for "Gross"

Adviser sentenced to eight years' prison

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... vulnerable clients placed their trust in Mr Dick and relied heavily on him to manage their finances. His conduct involved a gross breach of this trust and resulted in significant losses for his clients over more than ten years. His sentencing should ...

MySuper reforms could have downsides

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... asset gathering by investment managers, they do not appear to generate commensurate benefits for plan sponsors via higher gross returns or lower fees," the research found. Hiring on the basis of performance is problematic too though. The research found ...

Brisbane Mater acquired for $122.5m

ELIZA BAVIN  |  FRIDAY, 9 OCT 2020
... transaction with Mater. Mater owns and operates an extensive network of hospitals, health centres and a research institute with gross assets of over $1 billion. The purchase price of $122.5 million upon completion reflects a passing yield of 4.84%, with ...

Clime partners with asset consultant

ANNABELLE DICKSON  |  THURSDAY, 8 OCT 2020
... acquired Madison Financial Group which has 100 advisers with $3 billion in funds under advice and around $34 million in gross revenue.

AAA rating holds on by a thread

ELIZA BAVIN  |  WEDNESDAY, 7 OCT 2020
... Commonwealth governments as a result of the discretionary fiscal measures and economic contraction. "Fitch forecasts Australia's gross general government debt will jump to around 60% of GDP by the end of the fiscal year to June 2021 from around 42% at ...

Chief economist update: Splish splash, budget cash

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2020
... 2020/21 to 6.5% in 2021/22 to 6.0% in 2022/23 and 5.5% in 2023/24. To be sure, this largesse would send Australia's gross level of indebtedness up to more than a trillion Aussie dollars next year (based on Treasury estimates) that equates to 50.5% ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... which is expected to fall to $66.9 billion by 2023-24. Frydenberg said net debt will increase to $703 billion, or 36% of gross domestic product, this year. This will peak at $966 billion or 44% of GDP in June 2024, he said. "This is a heavy burden, but ...

Ratings deteriorate at AMP

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... portfolio also benefits from a decreasing proportion of interest-only loans, the ratings house said, which fell from 27% of gross loans to 22% over the year to June 2020. The average loan to value ratio across the portfolio is 67%, Moody's said. "As ...

Clime names new chair

ANNABELLE DICKSON  |  FRIDAY, 2 OCT 2020
... million after 12 months. Madison has about 100 advisers with $3 billion in funds under advice and around $34 million in gross revenue.

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
Several pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings. The Arkansas Teacher Retirement System (ATRS) was the first pension ...