Search ResultsShowing 81 - 90 of 100+ results for "MLC"
NAB, MLC face class action
JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
Class action proceedings have been filed against NAB and MLC for the sale of worthless consumer credit insurance. The two companies will face Slater and Gordon in Federal Court after the law firm officially filed proceedings. Slater and Gordon ...
Retirement living advice is an opportunity: Challenger Financial Standard Technical Services Forum
KARREN VERGARA  |  FRIDAY, 21 SEP 2018
... as the baby boomer generation reaches an age where it will need the system's support. Also speaking at the event, MLC senior technical consultant Rahul Singh shared some of the technical issues financial advisers face when helping ...
CommInsure misled FOS: Royal Commission
KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... 18,928 accidental death policies and received $121 million in premiums. Of the 1829 claims made, 88% were denied in full. MLC sold 1684 sold accidental death policies via online, over phone or financial planners and received $34.2 million in ...
Former MLC executive joins Challenger
JAMIE WILLIAMSON  |  THURSDAY, 13 SEP 2018
A former MLC and NAB Wealth executive has taken a directorship with Challenger. Duncan West has been appointed as an independent non-executive director to both the Challenger and Challenger Life Company boards. West is a former executive general ...
Life insurers admit to misconduct: Royal Commission
HARRISON WORLEY  |  MONDAY, 10 SEP 2018
... appearing before the commission paid commissions to advisers and advice groups, totaling more than $6 billion with MLC (over $1.16bn) TAL (more than $840m) and OnePath (more than $830m) paying the most. Orr also covered approved product ...
MLC, NULIS in court over $100m in illegitimate fees
JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
ASIC commenced Federal Court action against MLC Nominees and NULIS today in relation to the significant advice fees charged to superannuation members despite no financial advice being provided. ASIC alleges NULIS and MLC Nominees - the current and ...
Retail super funds reject MySuper delays
KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... the Corporations Act with respect to plan service fees (PSFs) deducted from member accounts with no linked adviser. NAB/MLC's PSF compensation figure reached $87.1m, jumping from the $67.1m it originally reported in July. Former NULIS Nominees ...
Retail super funds in hot water: Royal Commission
KARREN VERGARA  |  MONDAY, 27 AUG 2018
... Michael Hodge said it is open to Commissioner Kenneth Hayne to find that NAB and its two trustees, Nulis Nominees and MLC Nominees, breached the Corporations Act and Superannuation Industry Act with respect to plan service fees (PSF) and ...
Industry fund adds new talent
JAMIE WILLIAMSON  |  FRIDAY, 24 AUG 2018
... years' experience in the wealth management sector, Efstratiadis has previously held roles with Rabobank, ING Australia, MLC and AMP. She brings a "comprehensive understanding of the regulatory environment and compliance requirements gained ...
Life insurance sector strengthens
KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... half (47.8%) of the market share, up from 41.4% in 2014. This was driven largely by Nippon Life Japan acquiring 80% of MLC Life Insurance in 2015. CBA sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 ...
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