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
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.
With Insignia shares up 32 per cent in the past month and the firm enacting a five-year growth plan, Morningstar believes the two recent acquisition bids from private equity firms demonstrate the company is undervalued.