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Showing 51 - 60 of 70 results for "Nulis"

NAB CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER | FRIDAY, 10 AUG 2018

... in this 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 ...

We have won the battle, not the war: AustralianSuper CEO

HARRISON WORLEY | THURSDAY, 9 AUG 2018

... have diminished economies of scale available to the fund to deploy on their behalf." Earlier today the commission heard NULIS struggled to manage conflicts of interest between itself and NAB Wealth, in dealing with the plan service fee issue. Counsel ...

Conflict of interest too great for NULIS: Royal Commission

HARRISON WORLEY | THURSDAY, 9 AUG 2018

Conflicts of interest between NULIS and NAB Wealth were too great for the superannuation trustee to manage, the Royal Commission has heard today. Counsel assisting Michael Hodge suggested to former NULIS chair Nicole Smith the trustee "simply couldn't ...

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

... into 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 ...

Former NULIS chair faces Royal Commission

KANIKA SOOD | TUESDAY, 7 AUG 2018

... 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 hearings on day two of the ...

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 ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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