ASIC takes on NAB for fee-for-no service breachesBY KARREN VERGARA | FRIDAY, 18 JUN 2021 12:35PMThe corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service. Related News |
Editor's Choice
Vale Garry Wyatt
|Garry Wyatt, the co-founder and chief executive of Insync Funds Management, has sadly passed away.
NRF appoints inaugural chief investment officer
|The National Reconstruction Fund has named its first chief investment officer.
First Bitcoin ETF to launch this week on ASX
|VanEck will make history this week as the first investment manager to launch a Bitcoin ETF on the ASX.
More Aussies anticipate renting in retirement: Vanguard
|An increasing number of Australians expect to be paying off a mortgage or forced to rent in retirement, according to the latest Vanguard How Australia Retires survey.
Further Reading
Sponsored by | Know the facts about lifetime annuitiesSaving for a happy retirement is Australia's #1 financial goal. Learn how LifeIncome can deliver more income, certainty, & choice. |
Products
Featured Profile
Phil Usher
CHIEF EXECUTIVE OFFICER
FIRST NATIONS FOUNDATION
FIRST NATIONS FOUNDATION
Taking a gamble to steady the ship as chief executive of First Nations Foundation, Phil Usher has turned it into a more secure, self sustaining entity, far better equipped to empower First Nations people to achieve financial prosperity. Andrew McKean writes.
Which advisers will pay for through their ASIC fees and, if any penalty is paid, will be sent to directly to consolidated revenue with no offset for the legal costs. I wonder why adviser ASIC fees are so high?