MLC has provided some scant details of its new service offer for aligned self-employed advice businesses, but is keeping most of the package under wraps until July 22.
The revised MLC Licensee Offer, as the contracts with self-employed advisers are known, will now come in three basic varieties at three different costs, while additional services beyond any one of these will be available on a user-pays basis.
A major difference from the previous offer is that the new deal includes a flat fee per authority holder within a business, rather than a flat fee over the business itself.
The new offer is the result of six months consultation with the MLC Licensee Advisory Boards, comprised of ordinary advisers from each of the affiliated groups – Godfrey Pembroke, Apogee Financial Planning, Garvan Financial Planning and MLC Financial Planning.
The offer will be presented to these boards shortly for approval, prior to a public unveiling on July 22, and an expected implementation date of October 1.
Head of Godfrey Pembroke, Mark Rantall, was unavailable for comment on the new offer at press time.
