NAB

Financial planning

More advisers embracing managed accounts

The proportion of advisers recommending managed accounts, or intending to, has jumped from 46 per cent to 64 per cent over the last year, according to the latest research...

Superannuation

NAB sell-off could see more redundancies, union says

The Finance Sector Union of Australia has expressed concerns about National Australia Bank’s moves to sell off its wealth division....

Financial planning

NAB to exit wealth and MLC

National Australia Bank has confirmed its intention to exit its wealth businesses including MLC but excluding JB Were and nabtrade....

Financial planning

NAB to exit wealth and MLC

National Australia Bank has confirmed its intention to exit its wealth businesses including MLC but excluding JB Were and nabtrade....

Financial planning

Miscreant NAB planner was business banker

National Australia Bank has confirmed that a planner who forged client initials on binding death nomination documents had been recruited out of the bank’s business bankin...

Policy & Regulation

Former adviser banned for dishonest conduct

The Australian Securities and Investments Commission has permanently banned former GWM Adviser Services adviser, Grant Desmond Taylor, from providing financial services....

People & Products

Shuttleworth leaves BT Financial Group

John Shuttleworth has resigned as general manager – platforms and investments at BT Financial Group, ending 14 years at the company....

Policy & Regulation

Union blasts NAB sales culture

The Finance Sector Union has blasted evidence given by National Australia Bank executive, Anthony Waldron, to the Royal Commission that sales targets were to blame for ba...

Financial planning

Is the Pension Cap choking retirement incomes?

New data has confirmed the degree to which the Government’s $1.6 million pension cap has choked flows into retirement income....

Financial planning

CBA maintains highest customer satisfaction despite recent allegations

Customer satisfaction with banks in the last six months to January reaches 81.2 per cent, with CBA maintaining the highest rate despite recent regulatory allegations. ...

Policy & Regulation

ASIC bans former Westpac and NAB adviser

The Australian Securities and Investments Commission has banned Queensland financial adviser, Christopher Ramsay, from providing financial services for five years for fai...

Policy & Regulation

AMP pays $14.7 million in compensation

Australia’s five largest banking and financial services institutions have paid a further $21.4 million to customers who suffered losses as a result of non-compliant condu...

Financial planning

FSU warns NAB that 6,000 job axings fail community expectations

The Finance Sector Union of Australia has attacked the National Australia Bank for failing to retrain current staff, as the bank’s program to axe 6,000 jobs begins....