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Showing 5881 - 5890 of 18266 results for "Plan"

Chief economist update: Small business is big business

BENJAMIN ONG  |  WEDNESDAY, 15 AUG 2018
"I want to thank all of you, the small business owners, who are the engine of American prosperity. And, you know, I've been saying it for a long time, but you really are. You look at even the stats and you look at the numbers. You look at the taxes ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... calculated on total member assets. In FY16, that amounted to 0.92%. Yesterday, the commission heard NAB Wealth failed to make its plan service fee issue easy to solve. Hostplus chief executive David Elia will appear before the Commission following Su ...

Trust in financial services down since Royal Commission: Poll

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
... into the superannuation sector, with NAB already interrogated at length over its own fees issue, which involved charging plan service fees (PSFs) to superannuation members who did not access financial advice. Last week the commission heard from AustralianSuper ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
NAB initially reported a compensation bill of about $22 million less than what it actually owed to customers for plan service fees, as the corporate regulator was capping off a report on the matter in late 2016. By 24 October 2016, NAB's estimated plan ...

NAB complicated plan service fee issue: Royal Commission

HARRISON WORLEY  |  MONDAY, 13 AUG 2018
NAB Wealth failed to make its plan service fee issue easy to solve, the Royal Commission heard today. Counsel assisting Michael Hodge suggested to NAB chief customer officer and former group executive of NAB Wealth Andrew Hagger that the bank's ...

Super fund welcomes industry veteran to trustee board

KANIKA SOOD  |  MONDAY, 13 AUG 2018
State Super has announced the appointment of an industry veteran to the trustee board of SAS Trustee Corporation. Carol Austin has over 30 years experience in the industry. She is currently a non-executive director at HSBC Bank Australia and the Grattan ...

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 2018
The rate at which superannuation funds slug members fees is growing faster than the underlying assets being managed, latest research shows. Rainmaker Information's March quarter Benchmarking report shows members paid a total of $32 billion in super ...

Janus Henderson promotes Aussie team

KANIKA SOOD  |  MONDAY, 13 AUG 2018
Janus Henderson Investors made two promotions in its Australian fixed interest team which currently manages $13.7 billion for institutional and retail clients. Portfolio manager Jay Sivapalan is moving into the position of co-head of Janus Henderson ...

Failed industry fund merger laid bare at Royal Commission

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
Energy Super backed down on its plan to merge with the now $14 billion Equipsuper, who wanted no union-nominated board seats for the merged fund, even though the merger would have delivered significant financial benefit to Energy Super's members, the ...

Royal Commission on social media: Former Treasurer weighs in

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
... Thorburn (@AndrewThorburn) August 9, 2018 NAB chief executive Andrew Thorburn apologised for the bank's actions over the plan service fee issue, vowing to turn NAB into a bank Australians could "respect and trust".