About MLC

MLC is the wealth management division of the National Australia Bank (NAB). MLC provides investment, superannuation, insurance and private wealth solutions to corporate and institutional customers.

MLC supports the provision of quality financial advice through its financial planning networks including NAB Financial Planning, Godfrey Pembroke, Garvan Financial Planning, MLC Financial Planning and Apogee Financial Planning.

MLC manages more than $85 billion on behalf of individual investors and corporate customers in Australia (as at September 2009).

MLC uses a 'manager of managers' investment approach. This means MLC does not directly manage investment funds. Instead, MLC's multi-manager options combine the expertise of up to 32 leading investment managers from around the world. This approach gives investors access to a combination of individually selected investment managers providing diversity across asset classes, within asset classes and across investment styles. The aim is to provide greater consistency of performance in variable market conditions compared to a single manager and significantly reduce risk without compromising the overall return. MLC is the third largest multi-manager in the world, with 8% of the world market share (Cerulli Associates - Cerulli Quantitative Update: Global Multi-manager Products 2008).

MLC holds the number one position for personal insurance annual inforce premiums with 14.1% market share (source: DEXX&R Life Analysis as at June 2009) and is the second largest provider of superannuation in Australia with 16.4% market share (source: Plan for Life Quarterly Data System as at June 2009).

MLC is the partner of choice for around 1,300 self-employed aligned and salaried advisers in Australia and holds relationships with more than 3,000 independently owned and licensed advisers who choose MLC's financial solutions to meet the needs of their clients.