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NAB
People and Products
Prime Super has appointed a new custodian as the fund’s current provider of custodial services NAB Asset Servicing winds down its operations....
Superannuation
Offshore asset allocation is edging closer to half of superannuation funds’ total investment portfolios, driven by challenges in domestic markets. ...
Superannuation
A superannuation trustee accused of taking $165 million from beneficiaries as part of a grandfathering commission “scheme” said the allegations were “inaccurate, unfair a...
People and Products
UniSuper has hired Andrew Gregory as head of financial advice and education as it explores how to offer cost-effective digital advice. ...
Superannuation
Multiple public sector superannuation funds are holding more than half of their assets in offshore investments, according to NAB....
Institutional investment
Despite releasing an oil and gas transition-focused policy, the bank is lending to Origin Energy that is pursuing gas drilling that will emit 2.7 times Australia’s 2020 g...
Superannuation
As the Government grapples with the superannuation industry having too much control over capital, its push for super mergers is having the unintended consequence of furth...
Superannuation
As superannuation funds grow in assets, NAB chief executive, Ross McEwan, is concerned they will hold excess influence over firms as large shareholders in the future....
Superannuation
The big four banks have shed their ‘negative’ credit ratings by S&P Global Ratings and been upgraded to ‘stable’ after the swift COVID-19 recovery. ...
Financial advice
National Australia Bank super entities NULIS and MLC Nominees have been hit by Federal Court penalties out of an Australian Securities and Investments Commission action o...
Financial advice
National Australia Bank’s superannuation trustee, NULIS, has cleared one regulatory hurdle but is still locked in legal battle with ASIC over fee for no service....
People and Products
Former NAB executive, Kevin Roadnight, has been hired for the role and will commence on 18 November....
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...