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
ASIC has launched court proceeding against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.