NAB Asset Servicing retains AustSafe mandate
NAB Asset Servicing, the National Australia Bank's asset servicing business, has retained a key mandate.
The company announced this week that it had been reappointed to provide custodial services to AustSafe Super, the $1.2 billion industry superannuation fund covering rural and regional Australia.
NAB Asset Servicing, which has been providing custody services to AustSafe since 2006, said this week it had been reappointed for a further three years.
Recommended for you
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.
