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MLC
Superannuation
Just over $18 billion has already been taken from superannuation accounts via the Government’s hardship early release superannuation scheme and the Australian Prudential ...
Expert Analysis
While well-intentioned, the Government’s COVID-19 hardship early release superannuation scheme may prove to be a ticking time-bomb for future Governments worried about th...
Superannuation
Big, highly-exposed superannuation funds continue to make the bulk of hardship, early release superannuation payments. ...
Superannuation
Superannuation funds focused on members in single industries and single groups only have themselves to blame if they have found themselves in trouble amid job losses stem...
Insurance
Andrea Forbes has been appointed to drive customer retention and engagement for the firm’s group insurance arm....
Insurance
Life insurer MLC Life Insurance has hired Sean Williamson to focus on growth opportunities for group distribution....
Insurance
MLC Life Insurance has claimed a dramatic reduction in the time it takes for customers to receive cover....
Superannuation
The Royal Commission has questioned the ability of the best interests of superannuation fund members to be maintained within vertically integrated institutions....
Financial advice
The Royal Commission has been told that National Australia Bank came up with the concept of ‘fair exchange of value” in a bid to retain fees from superannuation clients w...
Superannuation
The Royal Commission has been told that a months-long examination of the status of so-called plan service fees charged to unadvised MLC superannuation customers was not a...
Superannuation
NAB/MLC sought to retain grandfathered payments within a superannuation successor fund transfer for fear of losing financial planners and their clients....
Superannuation
A key witness for NULIS and MLC/NAB, Paul Carter, has admitted to the Royal Commission that adviser contribution fees imposed by the fund were “best described as a commis...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...