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Showing 11 - 20 of 24 results for "MLC Super Fund"

MLC admin error hits superannuation DB members

KARREN VERGARA  |  FRIDAY, 14 DEC 2018
... Two years ago, NAB merged 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. ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... and 912A(1)(c) of the Corporations Act; Retaining grandfathered commissions after members were transferred to the MLC Super Fund in July 2016, after former Nulis chair Nicole Smith admitted that members would have been in a better position if they did ...

NULIS names new chair

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
... Australia Managed Funds, Westpac and Teachers Federation Health. Promnitz first joined the board responsible for the MLC Super Fund and products such as Plum, MasterKey Super, MasterKey and Wrap as a non-executive director in December 2017. He is also ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... an opportunity to remove them. In July 2016, NAB merged five of its superannuation funds into one to create the MLC Super Fund, which included MLC MasterKey and Plum superannuation offerings. At the time, the merged fund had about $70 billion in funds ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... priorities to better deliver for customers and enhance its competitive position." Based on Rainmaker data, the MLC Super Fund - which was created when NAB merged its MLC MasterKey and Plum superannuation offerings - is one of the largest retail super ...

Australian Unity chair joins NAB

EMMA RAPAPORT  |  THURSDAY, 21 DEC 2017
... Unity chair Peter Promnitz has been appointed as a non-executive director, joining the board responsible for the MLC Super Fund and products such as Plum, MasterKey Super, MasterKey and Wrap. He will also sit on the MasterKey and Plum Investment Committee ...

Life insurers post mixed performance

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2017
... dipped 21.7% to $229.5 billion, mainly driven by the transfer of MLC insurance policies into a new super fund (MLC Super Fund) as a result of NAB selling 80% of its life insurance business under the MLC brand to Nippon Life. Consequently, life insurers ...

Revenue boost for life insurers

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
... Cover Super and Protectionfirst Super, transferred from The Universal Super Scheme to a new super fund called the MLC Super Fund, the report said. Product group performance contributed $688 million in net profit after tax. This comprises: individual ...

ASIC targets NAB super after compliance breakdown

ALEX BURKE  |  THURSDAY, 2 FEB 2017
The trustee of Australia's largest retail super fund, the MLC Super Fund, will appoint an independent expert to review compliance breaches following an ASIC investigation. ASIC initially made enquiries into breach reports lodged by NAB wealth entities ...

Top 10 superannuation stories in 2016

STAFF WRITER  |  WEDNESDAY, 21 DEC 2016
... July it would merge five of its super funds into one, creating the largest retail fund in the country. The new MLC Super Fund comprises MLC MasterKey and Plum superannuation offerings, and represents roughly $70 billion in funds under management - making ...