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Showing 1 - 10 of 69 results for "NULIS"

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... The Federal Court approved the $65 million settlement that was reached in December. At the end of 2024, MLC Super Fund, NULIS Nominees and MLC Nominees agreed to settle the class action that was brought against it for deferring the transition of members ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
... comparatively low administration fees of $70 and $80 per year on a $50,000 balance. Rest, the slowest trustee, charged $130. Nulis, the trustee for MLC, charged the highest MySuper administration fee among the funds reviewed - $200 annually on a $50,000 ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
... Avanteos (Colonial First State), Brighter Super, Commonwealth Superannuation Corporation, HESTA, Hostplus, NM Super (AMP), Nulis (MLC), Rest, and UniSuper, found widespread failures. ASIC found examples of excessive delays and poor service, gaps in trustee ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... 300,000 members to cheaper MySuper options. Maurice Blackburn has today advised it reached a settlement with MLC Super Fund, NULIS Nominees and MLC Nominees in the class action it brought on behalf of MasterKey members in 2020. It was estimated the delay ...

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... were TDPs - 75% of which were issued by the same four trustees. Three quarters of those that failed were issued by AMP, Nulis Nominees, Oasis Funds Management, and OnePath Custodians - Nulis, Oasis and OnePath are all Insignia Financial trustees.

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... test, which was the first to include TDPs, 97 products failed; 96 of these were TDPs, with 75% used by four trustees: AMP, Nulis Nominees, Oasis Funds Management, and OnePath Custodians - Nulis, Oasis and OnePath are all Insignia Financial trustees. ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... products. However, there were less on-platform products assessed. Three quarters of those that failed are issued by AMP, Nulis Nominees, Oasis Funds Management, and OnePath Custodians - Nulis, Oasis and OnePath are all Insignia Financial trustees. Looking ...

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... by trustees AUSCOAL Superannuation (Mine Super), Avanteos Investments (Colonial First State FirstChoice Super), AvSuper, Nulis Nominees (MLC Super), BT Funds Management (Retirement Wrap), EISS Super, Perpetual (WealthFocus Superannuation Fund) and REI ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
... including delaying the transfer member benefits to other funds. The additional conditions apply to IOOF Investment Management, Nulis Nominees, OnePath Custodians and Oasis Fund Management. APRA said the conditions relate to governance and risk management ...

HESTA leads trustee board diversity

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... Australia's largest super fund paid a total of $1.8 million in remuneration to its trustee board in FY21, yet it was MLC's Nulis Nominees that paid its eight directors (four males and four females) a whopping $2.6 million in total remuneration ...
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