IOOF relied on member inertia, conflicted financial advisers
IOOF chief executive Chris Kelaher was confident when fronting the Hayne royal commission on Friday afternoon.
AustralianSuper CEO Ian Silk defends donation to ad campaign
AustralianSuper’s Ian Silk says the fund’s donation to an ad campaign and investment in a news service were in members’ best interests.
NAB trustee prioritises bank over customers: counsel
Counsel assisting Michael Hodge has proposed that NAB trustee NULIS Nominees failed in its duty to act in the best interests of members.
TAL buys Suncorp’s life business for $725 million
TAL, the country’s largest life insurer, is set to get even bigger via the acquisition. The deal creates a long-term strategic alliance.
NAB questioned over timeframe for MySuper transfer
NAB trustee NULIS Nominees has rejected claims that it lagged on MySuper transfer to keep more of its members in products with higher fees.
Superannuation sector has a bad case of TMI
The inquiry’s understandable focus on fees has kept attention away from the deluge of unhelpful disclosure super funds give consumers.
Two regulators are enough – perhaps more than enough
Outrage has spread about APRA’s apparent lack of action against underperforming funds but that doesn’t mean a new regulator is a good idea.
Why MFS has no time for star investors
Bill Adams, MFS CIO of global fixed income on how the manager prioritises teamwork and collaborates globally.
NAB may face more payments over ‘plan service fee’
NAB’s wealth management arm might be on the hook for another round of compensation payments.
Super system ‘behind closed doors’: counsel
Counsel assisting Michael Hodge, QC described a lack of transparency in the super sector in his royal commission opening address.
Emerging-market corporate bonds under-represented
Emerging-market corporate debt offers opportunities and advantages that warrant a bigger portion of the portfolio, a forum has heard.
NAB didn’t properly advise on fees, royal commission hears
Members of an MLC super fund who paid a plan for service fee were not clearly informed of less-costly options, the Hayne inquiry has heard.
