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Showing 821 - 830 of 2706 results for "NAB"

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... highlighting several instances where corporate and superannuation law was breached by retail superannuation funds at CBA, NAB, AMP and others. The Commission also flagged it would examine the current regulatory regime for the insurance industry, calling ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ...

OneVue posts solid earnings, fund services stands out

KANIKA SOOD  |  MONDAY, 27 AUG 2018
... fund administration business alone delivered $2.2 million of the year's total revenue growth of $8.2 million. OneVue won the NAB Asset Servicing book of clients early in the year and started transitioning the fund managers in the second half. The company ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... says. Charging members plan service fees 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. ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... monitoring of superannuation trustees - focusing on AMP and NULIS initially. Asked whether the prudential regulator considered NAB trustee NULIS to be well-functioning, Rowell said she thought APRA would "have a view they have operated reasonably soundly ...

Frequent traders re-evaluate broking landscape

DARREN SNYDER  |  THURSDAY, 16 AUG 2018
Online brokers are being presented with a new business case to capture the most frequent traders - a group which has spiked in its considerations about switching broking platforms. Research firm Investment Trends said 9% of traders which transact more ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... charged an admin fee of 1.1% 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 ...

Trust in financial services down since Royal Commission: Poll

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
... its appearance at the Royal Commission. Currently the Commission is hearing evidence 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 ...

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 ...