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
While there may be uncertainty surrounding the economic implications of the spreading COVID-19 pandemic, one thing is clear; if business leaders are not consistent, empathetic and clear with their response, they should prepare to face the music.
The government's $213 billion stimulus package is set to push up the country's total debt but experts say it is not reason enough to draw down on the sovereign wealth fund.
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
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%.
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