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Search ResultsShowing 1 - 10 of 100+ results for "MLC"
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 ...
MLC Life restructures, appoints lead
JAMIE WILLIAMSON  |  WEDNESDAY, 23 SEP 2020
MLC Life Insurance is combining its group and retail life insurance divisions to better meet client needs, saying the current level of service is not acceptable. The group has also appointed a new executive team to lead the initiative. The life insurer ...
Masterfund assets decline
KARREN VERGARA  |  WEDNESDAY, 23 SEP 2020
... incurred in the March quarter. The top four providers recorded lower funds under management: AMP ($137.4bn, down 12.1%), NAB/MLC ($110.8bn, down 7.5%), CBA/Colonial ($108.3bn, down 4.1%) and BT ($102.4bn, down 1.1%). Meanwhile, mid-sized players like ...
MLC Wealth risk lead departs
ELIZABETH MCARTHUR  |  WEDNESDAY, 23 SEP 2020
A chief risk officer at MLC Wealth has departed the business, with an acting chief appointed for the interim. Julia Pryor finished in her role as acting chief risk officer for the retirement and investment solutions and platforms division at MLC Wealth ...
Retail fund satisfaction drops
ELIZA BAVIN  |  WEDNESDAY, 23 SEP 2020
... Cbus, Sunsuper, First State Super and Rest. The highest placed retail fund was Colonial First State followed by BT, OnePath, MLC and AMP. Roy Morgan chief executive Michele Levine said July 2020 was well into the period of reopening for most of Australia ...
T. Rowe Price appoints head of intermediary
KANIKA SOOD  |  TUESDAY, 22 SEP 2020
... Ross has been with T. Rowe Price since 2015 as a relationship manager. Prior to this, he worked at NAB Asset Management and MLC. "Jonathon's extensive experience, enthusiasm and high energy approach are the perfect qualities to lead the team through ...
AMP tops worst-performing super funds list
KARREN VERGARA  |  TUESDAY, 22 SEP 2020
... OnePath's OptiMix Conservative (1.7% p.a.), Zurich's Capital Stable (1.9% p.a.), OnePath's Balanced (2.2% p.a.) and MLC Inflation Plus Portfolios' Moderate Portfolio 2 (2.4% p.a.) were the worst performers on a per annum basis. The best ...
Watermark sheds market neutral fund
KANIKA SOOD  |  THURSDAY, 17 SEP 2020
... distribution partner was Prodigy Investment Partners, a now defunct multi-boutique business set up as a joint venture between former MLC executive and current Koda Capital Founder Steve Tucker and Western Australian broker Euroz. Euroz decided to pull ...
Managed funds recover FUM losses
ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... experienced by the top four by FUM including BT at -5.8%, Commonwealth/Colonial First State at -10.5%, AMP at -14.8% and NAB/MLC at -7.7%. IOOF's increase is attributed to its takeover of ANZ's retail funds whereas AMP's decrease was impacted by the ...
NAB fined over fees for no service
ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... deceptive and misleading conduct. The proceedings commenced in 2018 and 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 ...
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