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Showing 51 - 60 of 64 results for "NULIS"

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

HARRISON WORLEY  |  TUESDAY, 7 AUG 2018
... announced it would refund $67 million in advice fees, however the compensation figure now stands at $87.1 million, after NULIS handed the updated figure to the Commission in a statement last week.

NULIS names new chair

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
NULIS Nominees has appointed a new chair, replacing Nicole Smith, who is due to appear before the financial services Royal Commission this week. According to the latest NULIS Nominees Executive Officer Disclosure, Peter Promnitz was appointed as chair ...

NAB looked to keep plan service fees, Royal Commission hears

HARRISON WORLEY  |  TUESDAY, 7 AUG 2018
... situation,'" Hodge asked. Carter said he did not. The MLC/NAB compensation figure now stands at $87.1 million according to NULIS in a statement handed down to the commission last week. Yesterday the Royal Commission questioned MLC's decision ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... had about $70 billion in funds under management. Prior to this, it had three registrable superannuation entities (RSEs): NULIS, PFS Nominees and MLC Nominees. Post-consolidation, NULIS became the sole trustee of all the super funds. Then-executive general ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... and estimated to be hit with $67 million in compensations costs Hodge said the Commission will hear from MLC's trustee NULIS as a case study after it admitted to engaging in conduct that fell below community expectations. In a statement handed down ...

MLC refunds $67m in advice fees

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
... Matthew Lawrance said. The move is off the back of corporate regulator ASIC engaging in "ongoing discussions" with MLC trustee NULIS. MLC appointed an independent expert to review compliance breaches following an ASIC investigation in February 2017. ...

Super under microscope at Royal Commission

DARREN SNYDER  |  MONDAY, 23 JUL 2018
... Catholic Super Colonial First State (CBA) Electricity Supply Industry Superannuation (Energy Super) Hostplus IOOF Mercer NULIS (MLC/NAB) Onepath and Oasis (ANZ) Suncorp Sunsuper Cbus QSuper APRA ASIC

Australian Unity chair joins NAB

EMMA RAPAPORT  |  THURSDAY, 21 DEC 2017
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 ...

Big banks pay $60m in advice refunds

ALEX BURKE  |  MONDAY, 22 MAY 2017
... estimated total compensation of $2.6 million in full. ASIC also noted a further $34 million payable by NAB super trustee NULIS Nominees for breaches relating the provision of general advice to super members. ASIC said it will "continue to monitor these ...

ASIC targets NAB super after compliance breakdown

ALEX BURKE  |  THURSDAY, 2 FEB 2017
... investigation. ASIC initially made enquiries into breach reports lodged by NAB wealth entities in regards to NAB's super trustee, NULIS Nominees. The breaches related to what the regulator described as a "breakdown in risk management and communication ...