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Showing 21 - 30 of 63 results for "NULIS"

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... super trustee duties in a way that cause substantial losses to members. It names two NAB group entities, MLC Nominees and NULIS Nominees. MLC Nominees was the trustee of The Universal Super Scheme which merged with others to become the MLC Super Fund ...

NAB revamps superannuation trustee board

KANIKA SOOD  |  TUESDAY, 14 JAN 2020
NULIS Nominees has added a former Vanguard Australia director and three other non-executive directors to its board, as ASIC chases it in Federal Court. NULIS, which oversees NAB's superannuation funds with $75 billion in assets under management ...

Boutique fund manager chief retires

KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... 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 client partnerships and ...

NULIS satisfies ASIC requirements

HARRISON WORLEY  |  MONDAY, 16 DEC 2019
... 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, the NAB superannuation trustee has ...

ASIC, MLC Nominees and NULIS in court

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
ASIC has commenced Federal Court action against MLC Nominees and NULIS today in regards to fees for no service, filing a statement of agreed facts and admissions. ASIC alleges NULIS and MLC (as the current and former superannuation trustees of NAB) ...

Super funds face scrutiny in Canberra

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... its ongoing review of the four major banks and other financial institutions. Other funds set to appear include Suncorp, Nulis Nominees Australia and Rest. IFM Investors, Industry Super Australia, the Association of Superannuation Funds of Australia will ...

Former NAB adviser sentenced

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
... the tune of more than $160,000. Between March and December 2016, the former NAB adviser netted $166,500 from the MLC and NULIS Nominees accounts of his clients, without their authorisation. Using their confidential information, Eung created false bank ...

MLC faces class action over adviser fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
IMF Bentham and William Roberts Lawyers will bring a class action against MLC's super fund trustee NULIS Nominees relating to excess fees charged to members for adviser commissions. IMF Bentham and William Roberts will allege NULIS breached its ...

Former NAB adviser charged

JAMIE WILLIAMSON  |  TUESDAY, 23 APR 2019
... 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. ...

KPMG expands advice remediation team

HARRISON WORLEY  |  TUESDAY, 26 FEB 2019
... remediation had passed $250 million and could reach $850 million. This includes includes more than $100 million for NAB and NULIS after its plan service fee debacle was revealed during Royal Commission public hearings. Earlier this month Commonwealth ...