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Showing 11 - 20 of 101 results for %22Debt Action Plan%22

ASIC drags Evans Dixon to court

KANIKA SOOD  |  FRIDAY, 4 SEP 2020
... down Dixon Projects. The company said it is strategically recruiting in EP to broaden and deepen its M&A and equity/capital debt markets capability. Since the annual results, former chair Alan Dixon has stepped down from the role (he left executive roles ...

AMP does not treat advisers fairly: Poll

ELIZABETH MCARTHUR  |  TUESDAY, 1 SEP 2020
... cast a vote either way. AMP cut BOLR valuations from 4x recurring revenue to a maximum of 2.5x last year. In July, a class action was filed against AMP by its own advisers over the reduction in BOLR values. The Australian Small Business and Family Enterprise ...

Westpac ditches dividend

ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
... dividend in its first half results as it reported a net profit of $595 million and revealed it anticipates further enforcement action from ASIC. Westpac chief executive Peter King said the bank made the decision to not deliver a dividend due to its desire ...

AMP advisers low priority for ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... 'I'll be walking away after five years with nothing but it is better than other planners who will walk away with substantial debt owing to AMP'. That is not a significant issue for you to investigate, Mr Shipton?" Shipton replied that ASIC holds concerns ...

Global public debt to reach 101.5% of GDP: IMF

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
The International Monetary Fund has predicted global public debt will rise to its highest levels in history as a result of the economic fallout from the COVID-19 pandemic. In the face of a sharp decline in global output, a massive fiscal response has ...

Labor calls for end to war on super

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... about what this means," Jones says. "Higher taxes, lower productivity, fewer jobs and a bleak future for retirees. Foreign debt will increase as once again we are dependant on the savings of other countries. "Productivity will stagnate as the industry's ...

Fed buys up BlackRock ETFs

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... Corporate Bond ETF (HYG) and SPDR (JNK). The decision has elicited some controversy as BlackRock is also running the Fed's three debt-buying programs, but said it will not charge management fees on the ETFs it buys on behalf of the central bank. In the ...

Receivers appointed to Mayfair 101 entity

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAY 2020
... said. The IPO Wealth Fund was advertised by Mayfair 101 as being appropriate for high net worth investors. It is primarily a debt fund that lends money to IPO Wealth Holdings trading as Mayfair 101 Holdings. On 7 April 2020 Vasco froze redemptions for ...

Chief economist update: Missing the burning forests for the surplus tree

BENJAMIN ONG  |  TUESDAY, 7 JAN 2020
... Budget return to surplus for the 1st time in 12 yrs." "Getting the budget under control means we can pay down Labor's debt & continue to invest record amounts in infrastructure & the essential services people need & rely on." Brag, brag, brag. But ...

Chief economist update: Cloudy 2020 vision for OECD

BENJAMIN ONG  |  FRIDAY, 22 NOV 2019
... prevent a sharper slowdown in China, and financial vulnerabilities from the tensions between slowing growth, high corporate debt and deteriorating credit quality." "A persistent upward spike in oil prices, if geopolitical tensions were to strengthen ...