MLC adds 56 investment options to platforms
MLC has added 56 investment options to its MLC Wrap and MLC Navigator investment menus, with 19 of the new funds in international equity.
MLC general manager for retail super and investment platforms, Kathy Vincent, said on Friday the funds would open up more opportunity for advisers to assist clients in achieving their financial goals.
"Our goal is to provide the flexibility needed for advisers to offer quality personal investment options for their clients," Vincent said.
While international equity held the highest number of new funds, it was followed by Australian at 15 new funds, fixed interest at 14, property at three, growth at two, multi-asset at two, and alternatives at one.
"Last year, we announced that we are growing by investing at least $300 million into our super, investments and advice offering through digital innovation, product and platform enhancement, improved customer engagement and experience and simplification," she said.
Recommended for you
Proposed legislative changes to safe harbour duty could result in advisers having reduced professional indemnity costs, a joint submission by seven major licensees said.
With 66 per cent of newly established advice licensees being sole advisers, what are the risks and legal ramifications to consider when taking the plunge into self-licensing?
Despite its popularity, only 1 per cent of financial advisers say they have often discussed cryptocurrency with clients, CoreData said, fuelled by concerns of heavy legal expenses if the product goes wrong.
AFCA and the CSLR have signed a memorandum of understanding as to how they will support an efficient financial services sector via the scheme.
