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
Fidelity to roll out more active ETFs
The fund manager is looking to significantly boost its local lineup of active ETFs.
Prime Super finds new chief executive
Prime Super has appointed former Zurich chief of business transformation Raeline Seales as its new chief executive.
Performance test needs better metrics, durability
The superannuation performance test has several shortcomings that must be addressed in Treasury's latest round of consultation so it is fair and sustainable, the Actuaries Institute Summit heard.
Charles River appoints new head of APAC
The State Street-owned company will welcome a new head of Asia Pacific.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. 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?