Class action accuses NAB of super rip-offBY ELIZABETH MCARTHUR | WEDNESDAY, 22 JAN 2020 12:08PM
Maurice Blackburn Lawyers today filed a class action on behalf of more than 330,000 National Australia Bank superannuation customers.Read more: NAB, MLC Nominees, MySuper, MasterKey Business Super, Maurice Blackburn Lawyers, MLC Super Fund, National Australia Bank, NULIS Nominees, ASIC, MLC MasterKey Personal Super, Andrew Watson, MLC MasterKey Business, Universal Super Scheme, William Roberts Lawyers
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Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
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Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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