Media Centre

Since 2006 MLC has lead the discussion on fee for advice, conflicts of interest, and building a sustainable future for the industry with client relationships built on transparency and trust.

Our licensees Godfrey Pembroke Ltd and NAB Financial Planning already operate on a fee for advice model for all new investments business. All other MLC licensees including MLC Financial Planning, Apogee Financial Planning and Garvan Financial Planning Ltd offer fee for advice options. More than 70% of MLC’s investment business is currently written on a fee for advice basis.

Following the Financial Planning Association's (FPA) 1 May announcement this issue has been receiving increased attention. Read some of the media coverage and additional information on this important industry debate.

Read "Future proofing your business",
by Steve Tucker, IFA Magazine, 4-10 May, 2009

Read "End of the product era, start of the advice age",
written by Simon Hoyle, Friday, 01 May 2009, Professional Planner

Read "Planners risk losing FPA membership",
by Kate Kachor and Christine St Anne, Friday 1 May 2009, InvestorDaily

Read MLC Media Release, "MLC backs the FPA's Financial Planner Remuneration Principles",
Friday 1 May 2009

Read "Transitioning to fee-based remuneration for financial planning advice",
FPA, Friday 1 May, 2009

Read more on fee for advice.

Get the latest news and information from MLC through our media releases, learn about the evolution of the financial planning industry, or speak with our key media contacts.