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Showing 21 - 30 of 48 results for "MLC Super"

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... AustralianSuper ($9bn) experienced the largest inflows in 2018, followed by Sunsuper ($6.7bn) and Hostplus ($6.2bn). MLC Super (-$1.5bn), BTFG (-$1.46bn) and ANZ Wealth (-$1.1bn) recorded the largest outflows. KPMG head of asset and wealth management ...

New reforms to smash major super funds

JAMIE WILLIAMSON  |  TUESDAY, 26 FEB 2019
... Group and AustralianSuper are also expected to be impacted by the changes if legislated. The top 10 is rounded out by MLC Super, Commonwealth Bank and Cbus, based on APRA statistics for the September 2018 quarter. Rainmaker executive director of research ...

ASIC permanently bans former Apogee adviser

KARREN VERGARA  |  TUESDAY, 18 DEC 2018
... $28,000 from client superannuation accounts. This amounted to $1.4 million taken from Nulis Nominees (the trustee of the MLC Super Fund) that Saad rebated back to clients. In March 2017, Apogee and Nulis first identified large adviser fees charged to ...

MLC admin error hits superannuation DB members

KARREN VERGARA  |  FRIDAY, 14 DEC 2018
... 2015. 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. ...

FSC appoints UBS, Mercer heads

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... the annual general meeting on October 29. They replace outgoing directors ANZ deputy chief executive Alexis George and MLC Super chief executive Matthew Lawrence. FSC has confirmed Challenger's outgoing chief executive Brian Benari will retain his co-deputy ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... 912A(1)(a) 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 ...

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
... provided 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 ...

MLC refunds $67m in advice fees

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
... service fee was introduced in 2012 in an effort to help MKPS members access general advice regarding their superannuation, MLC Super chief executive Matthew Lawrance said. The move is off the back of corporate regulator ASIC engaging in "ongoing discussions" ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... investment 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 ...