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Showing 11 - 20 of 79 results for "MLC Masterkey"

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... service. At the time, they already faced court action from ASIC for over $100 million in illegitimate fees. The MLC MasterKey Business Super and Personal Super are facing a class action from Maurice Blackburn on behalf of 330,000 customers. The class ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... portfolios. The fastest growing are Pursuit Focus Allocated Pension, BT Panorama Super, AMP Super Directions Personal, MLC MasterKey Business Super and HUB24 Invest. When it comes to managed discretionary accounts, Shaw and Partners has the largest number ...

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... ASIC is alleging that NULIS and MLC deducted approximately $33 million plan service fees from 220,000 members of MLC MasterKey Business and MLC MasterKey Personal Super who did not actually receive services from financial advisers in association with ...

NAB revamps superannuation trustee board

KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... September end. The biggest of these is the $22.7 billion Plum Superannuation Fund Employer Division and the $21 billion MLC MasterKey Business Super.

NULIS satisfies ASIC requirements

HARRISON WORLEY  |  MONDAY, 16 DEC 2019
... breakdowns in risk management and communication procedures after it transferred members in a number of products to MLC MasterKey Business Super and MLC MasterKey Personal Super products in 2012 and 2013. ASIC said that while its Federal Court proceedings ...

ASIC, MLC Nominees and NULIS in court

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... admissions. ASIC alleges NULIS and MLC (as the current and former superannuation trustees of NAB) misled members of MLC MasterKey Super products. The statement of agreed facts sets out the facts the parties agree on in relation to ASIC's action against ...

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
... MySuper "could go up marginally according to the indirect cost ratio figures published in the PDS." Why the changes? MLC MasterKey Business Super (MLC MySuper) currently ranks 48 out of 54 workplace super default single strategy investment options (on ...

MLC drops wrap and super admin fees

DARREN SNYDER  |  TUESDAY, 29 JAN 2019
... run one of the cheapest platforms in Australia. Additionally, Lloyd is lowering administration fees for the retail MLC MasterKey Super and Pension Fundamentals product. The moves are described as one of the biggest fee reductions undertaken at MLC Wealth ...

MLC admin error hits superannuation DB members

KARREN VERGARA  |  FRIDAY, 14 DEC 2018
... five of its super funds into one, creating the largest retail fund in the country. The MLC Super Fund comprises MLC MasterKey and Plum superannuation offerings, and at the time was worth $70 billion in funds under management. Plum is home to a number ...

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... provided. ASIC alleges NULIS and MLC Nominees - the current and former super trustee of NAB - misled members of MLC MasterKey Super products, with the regulator seeking declarations of contravention and a civil penalty. ASIC also claims NULIS and MLC ...