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Showing 1 - 10 of 34 results for nab nulis nominees

Superannuation complaints down 31%: AFCA

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... complained-about super funds for FY20 were AustralianSuper (1123 complaints to AFCA), Rest (708), Hostplus (404), AMP Super (367) and NAB's Nulis Nominees (320). Overall, the one-stop-shop for financial complaints received 70,510 complaints in the 12 ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... the bank and its senior management were made aware of the serious risks of non-compliance and committing the contraventions. NAB went on to continue charging customers after May 2018. Archibald criticised NAB's two remediation programs. "Money is ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... changes to the holder of a controlling stake in an RSE license. IOOF agreed to buy MLC Wealth for $1.44 billion last year, with NAB saying the sale was in line with its strategic objective of simplifying the bank's structure. The transaction will turn ...

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
... notwithstanding that his expectation-that he may suffer loss or damage in the future-could be legitimate." A spokesperson for NAB told Financial Standard : "As the matter is before the courts, we are unable to provide further comment."

NAB fined over fees for no service

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... million over deceptive and misleading conduct. The proceedings commenced in 2018 and were initially brought by ASIC against NAB units NULIS and MLC Nominees for the charging of plan service fees to MLC MasterKey Business and Personal Super fund members ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... concluded and judgment on liability and penalty has been reserved. As for the separate fees-for-no-service action taken against NAB, the proceedings are being managed by the Federal Court with a trial date yet to be set.

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... Bank superannuation customers. The action relates to MasterKey Business Super and Personal Super account holders and accuses NAB of breaching its super trustee duties in a way that cause substantial losses to members. It names two NAB group entities ...

NAB revamps superannuation trustee board

KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... Vanguard Investments Australia. She has held roles at Minter Ellison and Hive Legal. Watt is currently a director with several NAB subsidiaries including MLC Wealth and hence will be a non-independent director while the other three appointments are independent. ...

Boutique fund manager chief retires

KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... a search for a replacement," a spokesperson said. Schubert has since taken on a non-executive directorship on the board of NAB superannuation trustee NULIS Nominees. Before joining Cooper Investors, he spent four years at Mercer as the leader of strategic ...

NULIS satisfies ASIC requirements

HARRISON WORLEY  |  MONDAY, 16 DEC 2019
A report handed to ASIC by global consultant KPMG shows NAB's superannuation trustee has met its additional license conditions. Almost three years after ASIC set NULIS Nominees additional license conditions for breakdowns in its internal procedures ...
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