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|Search Results||Showing 11 - 20 of 30 results for "NULIS Nominees"|
|... deception. It is alleged that between March 2016 and December 2016 Eung netted $166,500 from accounts held with MLC and Nulis Nominees despite the account holders not authorising the withdrawals. Eung was a licensed by NAB from May 2015 to December 2016. ...|
|... down the seriousness of the fees-for-no-service issue. Nicole Smith , who is the former chair of NAB subsidiary NULIS Nominees, left the group shortly before she was due to appear before the Commission. Smith resigned in June 2018 and was replaced with ...|
|... days before the Royal Commission public hearings kicked off last year, and commenced civil proceedings against NAB/NULIS Nominees in September. "Despite ASIC's investigation, the evidence led in the Commission showed that some entities may have continued ...|
|... obtaining funds between $1000 and $28,000 from client superannuation accounts. This amounted to $1.4 million taken from Nulis Nominees (the trustee of the MLC Super Fund) that Saad rebated back to clients. In March 2017, Apogee and Nulis first identified ...|
|... 86th; TCorp ranked 92nd and QSuper secured 97th place. Master trusts and outsourced CIO models like NAB/MLC's Nulis Nominees came in at 76th with nearly $104 billion; BT Funds Management is in 87th spot with about $93 billion; Colonial First State ...|
|... remain uncertain," NAB said. In addition, ASIC commenced Federal Court proceedings on 6 September 2018 against NULIS Nominees and MLC Nominees in relation to PSF. NAB has factored the outcome of this event as a contingent liability but what it will cost ...|
|... NAB/MLC's PSF compensation figure reached $87.1m, jumping from the $67.1m it originally reported in July. Former NULIS Nominees chair Nicole Smith, the trustee for MLC's super funds, told Hayne PSFs deducted from members NAB wasn't entitled to did ...|
|... Counsel assisting Michael Hodge said it is open to Commissioner Kenneth Hayne to find that NAB and its two trustees, Nulis Nominees and MLC Nominees, breached the Corporations Act and Superannuation Industry Act with respect to plan service fees (PSF) ...|
|... for access to a financial adviser which was never properly linked to their account, NAB superannuation trustee NULIS Nominees was questioned as to whether it was governing funds in the best interest of its members. Counsel assisting Michael Hodge put ...|
|... case is we haven't done that." On Wednesday, senior counsel assisting Michael Hodge put forward the case that NULIS Nominees - the trustee of MLC and NAB super products - did not act in the best interests of members. He said there had been delays ...|
The corporate watchdog's executive director of wealth management has nabbed a promotion and will now assume the role of ASIC's executive director of financial services.
New research has identified that urgent short-term need for money is the main driver for people withdrawing their superannuation savings under the COVID-19 ERS scheme.
Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws.
Victorian Funds Management Corporation has welcomed a head of client and market development to its executive team.
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