NAB retains Telstra Super mandate



National Australia Bank’s Asset Servicing business has retained a key mandate, being reappointed to provide custodial services to Telstra Super.
Renewal of the mandate was confirmed this week by Telstra Super chief executive Martin Crowe, who referenced the 16-year relationship between the fund and NAB Asset Servicing.
He said NAB understood the fund and its member requirements very well.
NAB Asset Servicing sales and client relationships general manager Brian Keogh said the company would be providing a one-stop shop for Telstra Super with respect to a broad suite of products and services.
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.