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Showing 681 - 690 of 1656 results for "MLC"

Industry fund adds new talent

JAMIE WILLIAMSON  |  FRIDAY, 24 AUG 2018
... 25 years' experience in the wealth management sector, Efstratiadis has previously held roles with Rabobank, ING Australia, MLC and AMP. She brings a "comprehensive understanding of the regulatory environment and compliance requirements gained through ...

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... about half (47.8%) of the market share, up from 41.4% in 2014. This was driven largely by Nippon Life Japan acquiring 80% of MLC Life Insurance in 2015. CBA sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion. ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... about half (47.8%) of the market share, up from 41.4% in 2014. This was driven largely by Nippon Life Japan acquiring 80% of MLC Life Insurance in 2015. CBA sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion. ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... NAB's estimated plan service fee remediation had reached $34 million. This included $12.4 million owed to 108,000 customers of MLC's employee retirement plan (TERP) and about $21.6 million to SWIFT and Encompass customers. The same day, NAB chief customer ...

NAB CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER  |  FRIDAY, 10 AUG 2018
... 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 between 2012 and 2016 ...

MLC MySuper investment budget was tight-fisted: Royal Commission

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... manager and asset consultant that its current investment fee budget wasn't adequate to boost the performance of its lagging MLC MySuper product, the Royal Commission heard. Resuming former NULIS chair Nicole Smith's questioning on day three ...

NAB compensation delays hopelessly conflicted: Royal Commission

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
... Kenneth Hayne interjected that Smith was simply "sitting on the fence." After ASIC was notified of the compliance breaches, NAB/MLC was given the option to either enter into an enforceable undertaking or agree to change its licence conditions. Smith ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... Commission this week. Focusing on the superannuation industry, Commissioner Kenneth Hayne has been quizzing former NAB and MLC executives about the charging of plan service fees to super members and whether these fees constituted fees for no service. ...

Former NULIS chair faces Royal Commission

KANIKA SOOD  |  TUESDAY, 7 AUG 2018
The former chair of NAB's superannuation entities has denied MLC tried to bill other services in order to claim advice fees. Nicole Smith was the NULIS Nominees chair from 2013 to 2018, and she faced the Royal Commission this afternoon as it resumed ...

Plan service fees did not constitute fee for no service: NAB

HARRISON WORLEY  |  TUESDAY, 7 AUG 2018
... receiving them anyway, regardless of whether they were paying the PSF or not," circling back to Carter's confirmation that all MLC members had access to the same general advice services, regardless of whether they paid PSFs. Asked if NAB's actions constituted ...