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'$100m in excess fees': NAB's wealth arm faces class action

Tim Boyd
Tim BoydStreet Talk editor
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National Australia Bank is facing a class action over allegations its wealth arm charged excess fees of over $100 million to clients from mid 2016.

Litigation funder IMF Bentham and law firm William Roberts Lawyers say they plan to launch a class action against the NAB-owned MLC Super Fund trustee company, Nulis Nominees.

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Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com
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    Original URL: https://www.afr.com/companies/financial-services/100m-in-excess-fees-nab-s-wealth-arm-faces-class-action-20190710-p525wp