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Showing 11 - 20 of 62 results for %22MLC MasterKey Business%22

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
... "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 a three-year ...

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 ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... to maintain profit levels. It was revealed earlier that $67 million in general advice fees had been charged to members of MLC's MasterKey Personal Super products, despite the fact not all members were told clearly they could opt out of the service. Looking ...

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
... of contravention and a civil penalty. ASIC also claims NULIS and MLC Nominees charged 220,000 members of MLC MasterKey Business and MLC MasterKey Personal Super about $33 million in Plan Service Fees despite them being No-Adviser Members. NAB also deducted ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... 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 under management. Prior to this ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... Super's statement filed with the Commission said $92 million should suffice to compensate affected members. On July 27, MLC announced it will cease deducting general financial advice fees from its MasterKey Personal Super products after admitting ...

MLC refunds $67m in advice fees

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
MLC will cease deducting general financial advice fees from its MasterKey Personal Super products after admitting it did not clearly communicate to members they could opt out of the service. About 305,000 MasterKey Personal Super (MKPS) members will ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... 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 funds, with more than $78 billion in total assets ...

SelectingSuper winners crowned

EMMA RAPAPORT  |  THURSDAY, 16 NOV 2017
... BT Lifetime Super Personal Plan Colonial First State - FirstChoice Personal Super IOOF Employer Super - Personal MLC MasterKey Super Fundamentals Retirement Multi-choice Product of the Year AMG Pension Aon Master Trust Pension - Essentials IOOF Employer ...