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NAB foreshadows leadership changes
National Australia Bank has entered a trading halt ahead of announcing leadership changes.
The big banking group announced a pause on the Australian Securities Exchange shortly after 3pm and followed it up with a formal statement regarding impending leadership changes.
Speculation has swirled around the future of chief executive, Andrew Thorburn, following adverse references in the final report of the Royal Commission into Misconduct in the Banking Superannuation and Financial Services Industry.
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In a Senate submission, the Financial Services Council said super funds should be able to nudge members on engaging with their super and has cautioned against default placements.
The Joint Associations Working Group, which counts FSC in its ranks, has issued an urgent warning to the government.
Senator Jane Hume will join the speaker lineup at the inaugural Australian Wealth Management Summit.
New research from ART has found less than a third of women feel their superannuation is in a good position, reiterating the importance of opening up the advice arena to super funds.
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