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NAB embroiled in £1.3 billion UK bank scandalBY JAMES FERNYHOUGH | FRIDAY, 23 AUG 2013 12:25PM
The National Australia Bank (NAB) owned Scottish bank Clydesdale Bank is one of 13 UK banks that will have to pay back customers after they mis-sold protection for identity theft and credit card fraud.
Read more: NAB, UK, UK banks, Clydesdale, CPP, FCA, National Australia Bank, Scottish bank Clydesdale Bank, Card Protection Plan Limited, Financial Conduct Authority, Regulatory
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Delivering Income from Infrastructure
In another first for Pinnacle Investment Management this week, the firm has set up a North American-based affiliate in a small-cap equities fund manager.
The $65 billion industry superannuation fund has welcomed a head of investment product and communications who has previously held roles with MLC Asset Management and BlackRock.
Mirae Asset Global Investments has appointed Citi Australia as its provider of custody and fund administration services for its Australian funds management business.
The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies.
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