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Showing 1 - 10 of 123 results for "MasterKey"

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... reached a settlement with MLC Super Fund, NULIS Nominees and MLC Nominees in the class action it brought on behalf of MasterKey members in 2020. It was estimated the delay impacted about $6.8 billion in accrued default amounts. The action alleged the ...

Insignia completes MLC, NAB separation

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
Insignia Financial has completed the separation of MLC from NAB, transitioning the MLC MasterKey and Plum registries. Insignia Financial has transferred 700,000 MasterKey and Plum accounts, 55 systems and applications and more than 100 terabytes of ...

Institutional outflows ensure mixed quarter for Insignia Financial

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... Direct channel saw net inflows of $60 million. The Advised channel was the strongest contributor at $447 million into the MasterKey products. Wrap FUA was $98 billion, up $3.5 billion in the quarter. This was again attributed to strong markets, however ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... per year after the reductions, while some will save as much as $375. MLC Super said the majority of members in its MLC MasterKey and Plum range will pay less in administration fees from October 1. MLC general manager, workplace solutions Jason Marler ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... WS Income Trust and Optimix WS Balanced Trust - Class A; MLC Superannuation Fund's Access Pre Select Growth, MLC Masterkey Unit Trust Horizon 4 - Balanced and MLC Wholesale Diversified Debt Fund; Oasis Superannuation Master Trust's MLC Wholesale ...

MLC Life Insurance joins forces with Insignia Financial

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
... choice in how they lodge and track their claim. It will also enable submissions to be assessed sooner. From today, MLC MasterKey and Plum Super members insured by MLC Life Insurance will be able to lodge their claim digitally through LifeView. LifeView ...

Retail funds blitz personal-balanced options

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
... Wholesale Multi-Index Growth - returned 23.7% per annum in the year to May 2021, beating the benchmark of 15.2% p.a. MLC MasterKey Super Fundamentals' BlackRock Global Allocation Fund came in second place at 21.9% p.a. Suncorp's Lifestage Fund ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... of the fine. Earlier this year, NULIS was named in a class action brought by Maurice Blackburn on behalf of 330,000 MasterKey members who accuse the trustee of breaching its duties by delaying the transition of members to cheaper MySuper products.

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
... year. The class action brought by Maurice Blackburn against MLC Nominees and NULIS in January 2020 on behalf of 330,000 MasterKey members accuses the super trustees of breaching their duties by delaying the transition of accounts to cheaper MySuper products. ...

Mercer creates new sales, strategy roles

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 MAR 2021
... will start in her new position from June, she joins from MLC where she was general manager, corporate super for MLC Masterkey and Plum. She's returning to Mercer, having worked there for six years including in a role leading Mercer's multi-manager funds. ...
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