NAB today welcomed the Federal Government’s new proposals to improve superannuation governance.

NAB Wealth Group Executive and CEO of MLC Andrew Hagger said NAB completed its transition to a majority of independent directors and chairs for its funds in 2014.

“We want to help Australians create and protect their financial future,” Mr Hagger said.

“These new reforms will help to further strengthen the entire industry to provide superior returns for Australians into retirement.

“What we all need to focus on is providing the best returns for our members over the period of their fund membership, and improving governance is critical to this.”

NAB is Australia’s leading and fastest growing provider of corporate super solutions, through Plum and Masterkey Business Super. Our focus is firmly on competing to deliver the best retirement outcomes for Australians – and we have a proud and strong record on this.