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Showing 241 - 250 of 1134 results for "Gross"

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 ...

Aware Super joins forces with Dutch pension fund

ALLY SELBY  |  THURSDAY, 17 SEP 2020
... asset owners announced the agreement with City ID overnight, set to see the aparthotel provider grow its portfolio to a gross asset value in excess of $810 million (€500 million) over the next four years. City ID is one of the leading aparthotel providers ...

Managed funds recover FUM losses

ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... of ANZ's retail funds whereas AMP's decrease was impacted by the sale of its life insurance business to Resolution Life. Gross inflows for the year to June 2020 were $192.2 billion, up 6.9% from the previous 12 months. While wholesale funds declined ...

Iress appointed mandate

ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... couldn't have been easier," he said. Iress' managing director of financial markets for Australia and New Zealand Kirsty Gross said: "The ability to retain the trusted Iress market data and trading ecosystem, while expanding into US trading, provides ...

Tasplan raises IP premiums

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
... member's occupation rating (general, office or professional), waiting period (30, 50 or 90 days) and benefit period. Gross cost includes a member's insurance premium plus an admin fee of 4% of the premium. Net cost is gross cost minus tax deduction ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... much about guarding and protecting capital. It was designed to try and perform better in downturns as opposed to outperform gross markets. The theory was to protect the capital and take gains where we get them. We've reviewed that and adjusted it ...