NAB

Financial planning

Remediation leads to reduction on NAB cash earnings

The bank experienced a 10.8% reduction on cash earnings in FY19 due to spending $1.1 billion on customer remediation and had changes in its software capitalisation policy...

Funds management

NAB senior executives feel pay pain

There will be no pay increases or bonuses this financial year for National Australia Bank’s most senior executives....

Policy & Regulation

FASEA funding drying up

The exit of the major banks means the original funding source for the Financial Adviser Standards and Ethics Authority will mostly dry up in May next year with advisers t...

People & Products

UniSuper appoints COO

Former NAB executive, Kevin Roadnight, has been hired for the role and will commence on 18 November....

People & Products

NAB appoints non-executive director

Kathryn Fagg has been appointed as non-executive director, effective from mid-December 2019....

Funds management

Has being gender-equal helped these banks’ share price?

Three of Australia’s banks have been listed as being among the most gender-equal financial services firms in the world but has this affected their share price performance...

Financial planning

ASX reports fall of 3.5%

The Australian stock market fell by more than 3.5% last week over fears of escalations in the US/China trade war. ...

Financial planning

Ex-NAB adviser sentenced to corrections order

Max Kiattisak Eung has been sentenced to jail after pleading guilty to obtaining financial advantage by deception of $166,500....

Financial planning

Australian firms named best in world for gender equality

Australia has been praised for its gender equality after an Equileap gender survey found a quarter of the top 100 companies were Australian companies, including National ...

Financial planning

NAB to pay a further $1.18b in remediation

These charges were mainly for wealth and insurance-related matters and adviser service fees paid to self-employed advisers....

Funds management

CBA confirms why banks remain core to portfolios

Advisers continue to make the make exposure to the Big Four banks a staple within client portfolios and the performance of the Commonwealth Bank explains why, according t...