THE nation's $1.4 trillion retirement savings industry is poised for radical change after NAB took a major step to winning approval to take over AXA-Asia Pacific. The big bank revealed a plan to sell AXA-AP's North retail investment operation to far smaller rival IOOF to try to remove a key hurdle to its marathon $13.3 billion tilt at its target. If the IOOF deal passes scrutiny from the Australian Competition and Consumer Commission the path will be cleared for NAB to become...
Full Story: The Daily Telegraph Australia
