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Showing 11 - 20 of 117 results for %22MLC Masterkey%22

MLC cuts fees, commissions

ELIZABETH MCARTHUR  |  FRIDAY, 25 SEP 2020
MLC has cut fees and commissions on its platform for MLC MasterKey Investment Service and MLC MasterKey Unit Trust. For MLC MasterKey Investment Service the administration fee on the cash fund will reduce from 0.81% to 0.55%. The admin fee for the MLC ...

NAB fined over fees for no service

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... were initially brought by ASIC against NAB units NULIS and MLC Nominees for the charging of plan service fees to MLC MasterKey Business and Personal Super fund members between 2012 and 2018. The NAB trustees admitted to misleading or deceptive and false ...

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 ...