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Showing 51 - 60 of 71 results for "MLC Super"

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 ...

MLC, Colonial First State make key appointments

JAMIE WILLIAMSON  |  WEDNESDAY, 18 APR 2018
... prudential oversight and compliance with all governance related activities for the CFS suite of products and services. MLC Super chief executive Matthew Lawrance said: "The appointment of Sam, with his experience and track-record in financial services ...

Australian Unity chair joins NAB

EMMA RAPAPORT  |  THURSDAY, 21 DEC 2017
... Australian 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 ...

Centuria Capital appoints Macquarie veteran to board

ALEX BURKE  |  WEDNESDAY, 6 DEC 2017
Centuria Capital has appointed Macquarie's former risk management division director to its board. Evelyn Horton joins the board while also serving as a director at MLC Superannuation Trustees, Motor Accidents Insurance, Mission Australia and the Tasmanian ...

Life insurers post mixed performance

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2017
... assets 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 ...

Revenue boost for life insurers

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
... Life 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 ...

MLC Super welcomes new chief executive

EMMA RAPAPORT  |  FRIDAY, 7 APR 2017
NAB appointed its new chief executive of MLC Super, who will be responsible for NAB's entire superannuation and investment businesses. The internal promotion sees Matthew Lawrance move in to the top role. NAB chief executive Andrew Thorburn described ...

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 ...