RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%

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Example Interest Rates: Home Loan Variable: 5.38% (6.14%*) • Home Loan Fixed: 5.44% (6.26%*) • Fixed: 5.44% (6.26%*) • Variable: 5.38% (6.14%*) • Investment IO: 5.69% (6.52%*) • Investment PI: 5.49% (5.98%*)

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5.10 – A Chief Customer Officer from NAB testifies about Superannuation at the Banking Royal Commiss

Views 8 Likes 0 Dislikes 0 Published December 31, 2020, 1:09 am

Andrew Hagger, chief customer officer of the National Australia Bank's wealth and consumer division, returns to the Royal Commission witness stand for the round of public hearings on Superannuation. He is being questioned over NAB delaying telling the corporate regulator about a substantial increase in remediation payments to customers, in order to stop adverse publicity from upsetting an annual results presentation.

Recorded on 13 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

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The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. [ Example Credit Guide Link ]

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Video Archive

5.10 – A Chief Customer Officer from NAB testifies about Superannuation at the Banking Royal Commiss

Like this article?

Martin Khoury

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