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| | Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ... |
| | | ... says. Charging members plan service fees 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. ... |
| | | ... identified at the financial services Royal Commission. Speaking about confronting allegations at the Royal Commission, the NAB chief executive said it was clear the banking and wealth management group had not met the standard it expects. "And I'm ... |
| | | ... trustee pushed for an increase in the investment budget, it would have tightened the belt on the profit that goes back to NAB Group, senior counsel assisting Michael Hodge said. "Does it strike you, looking at this that again there's a conflict here ... |
| | | NAB found itself in a "hopelessly conflicted" situation by delaying the process of compensating members charged fees for no service in order to maintain profit levels, the third day of the Royal Commission's inquiry into superannuation heard. This ... |
| | | ... from 2012 what my consideration was in respect to the contribution fee," she said. Earlier in the day Hodge questioned former NAB general manager of superannuation and platforms Paul Carter, questioning whether the group looked for any possible way it ... |
| | | ... as an independent director of Centuria Life, the Motor Accidents Insurance Board and Mission Australia. NULIS, owned by the NAB group, has been the case study of the Royal Commission for the last two days. NULIS acknowledged in its five submissions it ... |
| | | ... members following a large consolidation of superannuation funds that provided an opportunity to remove them. In July 2016, NAB merged five of its superannuation funds into one to create the MLC Super Fund, which included MLC MasterKey and Plum superannuation ... |
| | | NAB is welcoming a new a member to the board of its superannuation fund trustee NULIS Nominees. Australian Unity chair Peter Promnitz has been appointed as a non-executive director, joining the board responsible for the MLC Super Fund and products such ... |
| | | AMP, ANZ, CBA, NAB and Westpac have to-date repaid $60 million out of an estimated $204 million for charging clients for financial advice that was not provided. This news follows the October 2016 release of ASIC's report into the advice businesses of ... |
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