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Showing 21 - 30 of 127 results for "Masterkey"

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
MLC is lowering the fees for its MasterKey Fundamentals product for accounts above $150,000, and introducing a new core menu. From April 1, MasterKey Fundamentals will lower its fees for 58,000 clients and members. This is the new product which MLC ...

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
... class action on behalf of more than 330,000 National Australia Bank superannuation customers. The action relates to MasterKey Business Super and Personal Super account holders and accuses NAB of breaching its super trustee duties in a way that cause ...

NAB revamps superannuation trustee board

KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... working with it to improve in line with Royal Commission recommendations. Steve Schubert has been appointed the chair of MasterKey and Plum Investment committee. He was Russell Investments' managing director of superannuation for a period. He has ...

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 ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... 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 for stories ...

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 ...