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Search ResultsShowing 1 - 10 of 21 results for "MLC MasterKey Business"
NAB fined over fees for no service
ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... 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 or ...
MLC changes super fees, adds menu
KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... 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 action alleges ...
Advice industry compresses
ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... 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 of verified ...
Class action accuses NAB of super rip-off
ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... 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 the products. ...
NAB revamps superannuation trustee board
KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... 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
... 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 with NULIS ...
ASIC, MLC Nominees and NULIS in court
ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... 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 have Plan Adviser (No-Adviser Members). In doing so, the two organisations failed ...
MLC MySuper switches to lifestage
KANIKA SOOD  |  FRIDAY, 22 FEB 2019
... "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 a three-year ...
MLC, NULIS in court over $100m in illegitimate fees
JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... of contravention and a civil penalty. ASIC also claims NULIS and MLC Nominees charged 220,000 members of MLC MasterKey Business and MLC MasterKey Personal Super about $33 million in Plan Service Fees despite them being No-Adviser Members. NAB also deducted ...
ASIC targets NAB super after compliance breakdown
ALEX BURKE  |  THURSDAY, 2 FEB 2017
... in risk management and communication procedures" after members in multiple products were transferred to MLC MasterKey Business Super and MLC MasterKey Personal Super. Other highlighted issues involved changes made to death and total and permanent disablement ...
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