Monday, August 13, 2018

Royal Commission: NAB executive Andrew Hagger concedes publicity was a factor in "fee for no service" deal with ASIC; Q-Super executive says indigenous Australians get a raw deal on supernannuation

National Australia Bank senior executive Andrew Hagger has conceded that publicity was a factor when determining the reprimand to accept from corporate regulator ASIC over charging fees for no service. 

Earlier, Q-Super executive Lyn Melcer told the financial services Royal Commission that indigenous Australians received a poor deal on superannuation and stood to retire with a super balance 46 percent below what is required for a comfortable retirement. 

Here's my coverage from The World Today on the ABC.

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