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Search ResultsShowing 1 - 10 of 13 results for "MLC Nominees"
Class action accuses NAB of super rip-off
ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... breaching its super trustee duties in a way that cause substantial losses to members. It names two NAB group entities, MLC Nominees and NULIS Nominees. MLC Nominees was the trustee of The Universal Super Scheme which merged with others to become the ...
ASIC, MLC Nominees and NULIS in court
ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
ASIC has commenced Federal Court action against MLC Nominees and NULIS today in regards to fees for no service, filing a statement of agreed facts and admissions. ASIC alleges NULIS and MLC (as the current and former superannuation trustees of NAB) ...
APRA grilled over superannuation
KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... functions were not alerting or raising issues up. How NAB/MLC's fee for no service breach was discovered Tendering an MLC Nominees breach report to APRA for its Universal Super scheme, Hodge gave a look into how MLC says it found out it had been charging ...
NAB signals more bad advice remediation
KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... uncertain," NAB said. In addition, ASIC commenced Federal Court proceedings on 6 September 2018 against NULIS Nominees and MLC Nominees in relation to PSF. NAB has factored the outcome of this event as a contingent liability but what it will cost also ...
MLC, NULIS in court over $100m in illegitimate fees
JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
ASIC commenced Federal Court action against MLC Nominees and NULIS today in relation to the significant advice fees charged to superannuation members despite no financial advice being provided. ASIC alleges NULIS and MLC Nominees - the current and former ...
Retail super funds in hot water: Royal Commission
KARREN VERGARA  |  MONDAY, 27 AUG 2018
... Michael Hodge said it is open to Commissioner Kenneth Hayne to find that NAB and its two trustees, Nulis Nominees and MLC Nominees, breached the Corporations Act and Superannuation Industry Act with respect to plan service fees (PSF) and adviser service ...
NULIS names new chair
KARREN VERGARA  |  TUESDAY, 7 AUG 2018
... of NULIS in 2013, and has been on the board since October 2009. She's also served on the board PFS Nominees and MLC Nominees prior to the consolidation of the funds in 2016. Her directorship history included Goldman Sachs Australia Managed Funds, Westpac ...
Lose grandfathered commissions, lose business: MLC
KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... 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 manager of superannuation ...
MLC appoints super funds board member
BEN COLLINS  |  FRIDAY, 17 AUG 2012
MLC has appointment Richard Rassi to the three trustee boards for its superannuation funds. The boards, MLC Nominees, NULIS Nominees (Australia) and PFS Nominees, are accountable to around 1.5 million members and approximately $56 billion in Funds Under ...
Plum adds super lawyer to board
ELISE BURGESS  |  MONDAY, 20 JUN 2011
... which on June 8 landed a $300 million mandate from Lend Lease Corporation. Haines has also joined the boards of MLC Nominees and NULIS (Australia) Nominees. This is the seventh fund to transition across to Plum's services in the past 18 months, bringing ...
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