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Showing 31 - 40 of 48 results for "Nulis Nominees"

ASIC enforcement must get tough: Commissioner

KANIKA SOOD | TUESDAY, 5 FEB 2019

... 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 ...

ASIC permanently bans former Apogee adviser

KARREN VERGARA | TUESDAY, 18 DEC 2018

... 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 ...

Aussie funds among the world's largest asset owners

KANIKA SOOD | MONDAY, 12 NOV 2018

... 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 ...

NAB signals more bad advice remediation

KARREN VERGARA | THURSDAY, 1 NOV 2018

... 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 ...

Retail super funds reject MySuper delays

KARREN VERGARA | TUESDAY, 4 SEP 2018

... 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 ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA | MONDAY, 27 AUG 2018

... 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) ...

Super funds cop governance grilling

HARRISON WORLEY | TUESDAY, 21 AUG 2018

... 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 ...

NAB CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER | FRIDAY, 10 AUG 2018

... 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 ...

MLC MySuper investment budget was tight-fisted: Royal Commission

KANIKA SOOD | WEDNESDAY, 8 AUG 2018

NULIS Nominees resisted increasing its spend on investment management, despite opinions from its super fund portfolio manager and asset consultant that its current investment fee budget wasn't adequate to boost the performance of its lagging MLC ...

NAB compensation delays hopelessly conflicted: Royal Commission

KARREN VERGARA | WEDNESDAY, 8 AUG 2018

... superannuation heard. This is the observation of Senior Counsel Assisting Michael Hodge as he grilled former chair of NULIS Nominees, Nicole Smith. Hodge said NAB's wealth division continued to deduct planned service fees (PSF ) from members to increase ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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