MLC Core Investment List surpasses $500m FUM milestone

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MLC Wealth’s (MLC) new Core Investment List, available on MLC Wrap and Navigator Series 2, has surpassed $500m FUM in the four months since launching in April 2020[1]. The Core Investment List enables clients to access the popular Horizon, Index Plus and Inflation Plus investment portfolios at a competitive flat administration fee[2]. MLC Group Executive,

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MLC Wealth appoints Chief Risk Officer

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MLC Wealth has announced the appointment of David Clarke as Chief Risk Officer. Mr Clarke joins MLC from Queensland Investment Corporation (QIC) where he has been Chief Risk Officer for the past seven years. He joined QIC in 2007 following four years with Macquarie Bank’s Financial Services Group. Earlier in his career he worked with

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Future generations might struggle in the lucky country

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MLC research reveals a third of Aussie parents believe their children won’t be able to live the same lifestyle as them Almost 1 in 5 Aussies will be relying on family inheritance to pay off their mortgage or to ensure their future financial security Over a third of Aussies believe they’ll be relying on the

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The time to act is now to save retirement

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MLC releases new whitepaper and calls for a more informed debate on the future of our superannuation system Almost one-in-two Australians say they are living ‘pay-cheque to pay-cheque’ 48% of Australians say ‘Living comfortably’ requires at least $150,000 annually An overwhelming majority say that being worth $1,000,000 does not make you rich in Australia today NAB-owned wealth

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Aussies urged to manage a stable cash-flow this festive season

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More than 60 per cent of Aussies identify not having enough money to invest in retirement as the biggest barrier to retirement savings Only 30 per cent of Aussies feel that they have enough funds to invest in retirement Almost half of Aussie women consider taking a career break to raise kids as a barrier

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MLC wins top franchise award, announces new senior appointment

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MLC Advice has been recognised as one of Australia’s best rated franchisors, while Vanessa Rowe has been announced as General Manager of MLC Direct. Executive General Manager, Wealth Advice, Greg Miller, said the award recognises the growth and success of MLC’s Advice stores since their inception in 2011, and reinforced its commitment to continue to

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MLC launches rate cuts for life and TPD insurance premiums

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MLC Insurance yesterday announced it will cut premiums for two of its key life insurance products by up to 15 per cent, effective yesterday. David Hackett, Executive General Manager, Insurance, said “At MLC, we know that every dollar counts for Australian families, so we’re making our insurance options more affordable.” Effective from 23 November 2015, stepped

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MLC Private Equity to open New York office

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MLC Private Equity yesterday announced plans to open a New York office to be headed by former LGT Capital Partner, Mr Andrew Kwee. Mr Kwee, who has two decades of experience in private equity, will establish the office and build a team to capitalise on investment opportunities in North America and Latin America. Head of MLC

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MLC awarded highest rating by ChantWest

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MLC has been awarded the highest rating – ‘5 Apples’, by independent research house ChantWest for the 9th consecutive year. This rating assesses MLC’s ability to construct quality multi-manager investment products. MLC CIO Jonathan Armitage said, “We are pleased to once again be awarded ChantWest’s highest overall rating. It shows ongoing support for our range

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MLC and SPAA sign new SMSF advice and training commitment

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MLC has announced it has signed a new commitment with the SMSF Professionals’ Association of Australia (SPAA) to provide advisers with the highest level of SMSF advice accreditation, training and support. The commitment will provide MLC and NAB licensees who attain SPAA accreditation and membership with access to special NAB Wealth and SPAA training events.

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