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MLC
Life/Risk
The Australian life insurance sector has never been more dominated by the big five life insurers but sales are decreasing, according to the latest data from Dexx&r....
People & Products
Ruth Stringer has been appointed by Herbert Smith Freehills to its Australian financial services team in Sydney....
Funds management
The Alphinity Global Equity Fund has been added to BT’s Panorama platform and is now available on the four platforms....
People & Products
Life insurer MLC Life Insurance has hired Sean Williamson to focus on growth opportunities for group distribution....
People & Products
UniSuper has announced the appointment of Anand Thomas as chief strategy and marketing officer, to lead the fund’s marketing, strategy, product and digital functions....
People & Products
MLC Life Insurances has claimed a dramatic reduction in the time it takes for customers to receive cover....
Features
Two of the major banks may have exited their wealth businesses and two more may be on their way out, but Mike Taylor writes that they have astutely kept the sweetest mors...
Policy & Regulation
The banks would be compelled out of the wealth management industry and AMP would have to break up its operations under policy proposals flagged by the Australian Greens i...
Financial planning
National Australia Bank may have confirmed the exit of its chief executive and chairman but it has acknowledged it still does not know how much client remediation will co...
Financial planning
NAB chief executive, Andrew Thorburn, has defended some fees for no service charged by the bank as a “process issue” rather than dishonesty, as he came under fire at the ...
Financial planning
The financial planning landscape is facing a tectonic shift as the major banks look to exit their wealth management business, something underlined in Money Management’s l...
Financial planning
National Australia Bank and MLC Limited were prepared to rely on the attestations of their financial advisers to help determine whether to refund clients on the basis of ...
Financial planning
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...
News
The former chief executive and managing director of Perpetual has been appointed the new CEO of MLC, effective 1 September 2018....
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MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...