Media releases

2008

Date Media Releases
13/11/2008 MLC cautions against irrational investment decisions
MLC has cautioned investors against making irrational investment decisions which could impact their long term financial position such as switching 100% of their portfolio to cash or changing cash products simply to chase the Government's Guarantee.
28/10/2008 MLC confirms its cash funds are currently 100% covered by the Government guarantee
SYDNEY: National Australia Bank's wealth management business, MLC, today confirmed that 100% of the underlying investments in its MLC MasterKey Cash Management Trust and National Australia Trustees At Call Common Fund A1, are covered by the Government's deposit and wholesale borrowing guarantees until 28 November 2008.
24/10/2008 MLC confirms no freezes on its investment funds
SYDNEY: National Australia Bank's wealth management business, MLC, today confirmed that none of its funds had been frozen for redemptions and all were operating as normal.
13/10/2008 Financial planning business owners delay exit plans
A combined MLC/NAB survey announced today that, contrary to popular belief, only 30% of current financial planning business owners intend to exit their businesses within the next five years.
17/09/2008 MLC Insurance reduces medical examinations by 30%
MLC Insurance today announced improvements to its mandatory medical limits reducing the number of medical examinations and blood tests required by up to 30%. These significant enhancements are the result of a large scale review of past underwriting decisions conducted across all of MLC's retail product lines, to determine key areas for improvement.
08/08/2008 MLC named Insurance Company of the Year
MLC was last night named the Insurance Company of the Year for 2008 at the 5th Annual Australia and New Zealand Insurance Industry Awards. The judges cited MLC's Upgrade Philosophy as a true differentiator in the Australian marketplace and one of the key factors in their decision to award MLC Insurance Company of the Year. This is the third time in five years that MLC has taken out this prestigious award.
18/07/2008 First NSW business achieves FP 9000 accreditation
Financial advice firm Finance Control today became the first business in NSW to be awarded FP 9000 certification under the standard developed by SAI Global in conjunction with MLC. This means they have been independently assessed and shown to have systems and processes in place to support the delivery of quality advice.
14/07/2008 MLC moves to paraplanning referral model
MLC today announced a move to a paraplanning referral model for its advisers and an increased focus on its Paraplanner Academy and Statement of Advice (SoA) coaches to support the development of new talent in the industry.
09/07/2008 MLC Implemented Consulting wins Construction Industry Long Service Leave Board account
MLC Implemented Consulting has been appointed by the Construction Industry Long Service Leave Board (CILSLB) after a full tender process to invest their assets and provide ongoing strategic advice.
02/07/2008 MLC refines Australian Share Strategy
MLC has added boutique investment manager, Northward Capital, to its Australian shares strategy in the MLC Horizon portfolios, MLC Long Term Absolute Return Portfolio and MLC Australian Share Fund.
30/06/2008 Scholarship program an incentive for good talent
MLC today announced the next intake of students into its Adviser Scholarship Program with 125 places offered nationwide since its launch in 2005. The Program is designed to help Principals of advice practices to grow their business while offering a structured career path to new advisers.
25/06/2008 MLC and FICS launch complaints resolution toolkit
The Financial Industry Complaints Service (FICS) and MLC have today launched an Internal Complaints Resolution toolkit for financial planners and their licensees. The CD-ROM details MLC's best practice complaints resolution process and includes tools and templates to assist with efficient complaint resolution for matters relating to financial planning advice.
23/06/2008 MLC Group Insurance offers new online services
MLC Group Insurance today announced the introduction of new online functionality, including real time updates, for advisers, brokers and consultants to access via the secure Group Insurance online section of the mlc.com.au website.
05/06/2008 MLC announces changes to its investment menu
MLC today announced a new line up of funds for its MLC MasterKey investment menu following an extensive review which has been carried out over the past few months. The changes will add 8 new funds to the menu taking the total number of funds available to 49.
02/06/2008 MLC delivers on affordable long-term insurance
MLC announced reductions to its level premium insurance rates today as part of its regular upgrade to its Personal Protection Portfolio (PPP) and Life Cover Super (LCS) retail insurance products. In keeping with MLC's market-leading upgrade philosophy, the reductions apply to all new and existing clients with level premiums who have Life Cover or Total and Permanent Disability (TPD) insurance.
26/05/2008 mlc.com.au relaunches with genuine straight through processing
MLC today unveiled a brand new website which will also offer advisers genuine straight through processing (STP), faster online applications and easier navigation and functionality.
19/05/2008 Top tips for financial advice
As part of Financial Planning Week, MLC has outlined the top 5 benefits of seeking financial advice to encourage people to get the most from their money.
09/04/2008 MLC Implemented Consulting wins $800m Australian Eligible Rollover Fund account
MLC Implemented Consulting has been appointed by Australian Eligible Rollover Fund (AERF) as multi-manager for $800m of assets.
01/04/2008 MLC appoints new GM of Practice Management
MLC announced the appointment of James Meade to the role of General Manager, Practice Management for MLC Advice Solutions.
31/03/2008 MLC cautions against excessive leverage
Speaking at the Australian Superfunds Summit 2008 in Sydney today, Mr Michael Clancy, General Manager of MLC's Investment Management Division, cautioned against the use of excessive leverage.
04/03/2008 Garvan Financial Planning welcomes three new advice businesses 
Garvan Financial Planning has welcomed three new advice businesses to the licensee; Battistella Financial Services, McNeany Financial Services and Vertex Group Pty Ltd.
28/02/2008 MLC combats death taxes with new group insurance product
MLC has launched a new insurance product to encourage employers to take out Life and TPD insurance for their employees within a superannuation environment to avoid the new higher tax rate payable on death benefits on policies held outside superannuation.
07/02/2008 MLC adds global alternative debt strategy to its multi-manager offer
MLC today announced it had allocated US$370 million to a Global Alternative Debt strategy within the diversified portfolios of its retail and wholesale superannuation and allocated pension clients.
24/01/2008 MLC's top tips for weathering volatile equity markets
MLC, Australia's second largest superannuation provider in Australia, offers some top tips for weathering the recent volatility in investment markets.
23/01/2008 NAB Financial Planning transitions to Fee for Advice for all new investment clients
NAB Financial Planning, the financial advice arm of NAB, today announced that it was transitioning its more than 400 financial planners to a Fee for Advice approach for all new clients seeking personal investment and superannuation advice.

2007

Date Media Releases
28/11/2007 MLC launches modeller to compare insurance benefits inside & outside Super
06/11/2007 MLC announces industry first underwriting tool
30/10/2007 MLC takes lead and reduces Statement of Advice by 68%
16/10/2007 MLC rebates more than $6.4 million to its customers
12/10/2007 MLC offers exciting new insurance features to all clients
27/09/2007 MLC Implemented Consulting announces changes to Asset Consulting team
24/09/2007 SAI Global launches new quality certification program for financial planners in conjunction with MLC 
20/09/2007 MLC Implemented Consulting wins HCF and NT Build accounts
22/08/2007 MLC's MasterKey Custom launches the next generation of Managed Accounts
09/08/2007 MLC adds Insurance Related Investments and Pure Alpha to its Long Term Absolute Return strategy
30/07/2007 Plum and MLC receive top honours 
26/07/2007 MLC appoints new Head of Corporate Superannuation
24/07/2007 MLC welcomes another 22 future financial planners into the industry
16/07/2007  MLC appoints new Succession and Acquisition consultant
07/06/2007 MLC goes three for three on fee for service and launches new pension products.
29/05/2007 MLC says succession planning is a long term strategy, not a one-off transaction
21/05/2007 MLC launches global property sector fund
07/05/2007 MLC moves MasterKey applications online
26/04/2007 MLC's MasterKey Custom powers through $10 billion in FUA
18/04/2007 MLC's ThreeSixty appoints Lonsec as primary research provider
04/04/2007 MLC takes it personally when it comes to service
28/03/2007 MLC's MasterKey Custom gets flexible with pricing 
23/03/2007 MLC congratulates first round of graduates from its Adviser Scholarship Program 
13/02/2007 MLC's top 5 tips to take advantage of super opportunities 
08/02/2007 New Regional General Manager appointed to NAB's Mortgage Broking Business 
15/01/2007 MLC Launches Underinsurance Calculator
09/01/2007 MLC goes global in listed property 

2006

Date Media Releases
29/11/2006 MLC recruits new Senior Asset Consultant
27/11/2006 MLC brings fee for service to super advice
09/11/2006 MLC upgrades PPP insurance clients for no extra premium
17/10/2006 MLC's succession and acquisition services secure the future of advice
09/10/2006 MLC makes submission to Parliamentary Inquiry into Superannuation Industry
24/08/2006 MLC delivers after-tax reporting
01/08/2006 ThreeSixty's Research team revamps and sets sights on specialty services
31/07/2006 MLC changes its Buyer of Last Resort contracts to remove the Conflict of Interest
19/07/2006 MLC launches new licensee offer for mortgage brokers
07/07/2006 MLC aligns distribution model for next wave of growth
13/06/2006 Godfrey Pembroke moves to fee for service for all new investment clients
06/04/2006 NAB welcomes ASIC's shadow shopping report on superannuation advice 
13/03/2006 NAB tackles underinsurance crisis with Protected Loan 
01/03/2006 MLC says fee for service financial advice is fundamental
13/02/2006 MLC's MasterKey Custom hits $7 billion in funds under administration
06/02/2006 MLC makes super rise with family ties

2005

Date Media Releases
01/12/2005 MLC takes on 'BBQ risk' by launching a Long-Term Absolute Return portfolio 
08/11/2005 MLC to add 4 new funds to MasterKey 
31/10/2005 Apogee welcomes new financial planner
10/10/2005 AAA 5 apples = MLC
05/10/2005 MLC Implemented Consulting wins two Northern Territory clients with assets totalling $500 million 
26/09/2005 MLC adds Non-Commutable Allocated Pension to MasterKey and MasterKey Custom
23/09/2005 MLC launches multiple pension pricing
20/07/2005 MLC does the numbers on gearing
16/06/2005 MLC launches new online calculator to help Australians measure their retirement savings gap 
02/05/2005 MLC fuels growth with scholarship program
26/04/2005 MLC's top tips for employers to get ready for Fund Choice
10/05/2005 MLC says financial advice not just for retirees
09/02/2005 Get ready for choice of super with MLC's top 5 tips. 

2004

Date Media Releases
30/11/2004 MLC lends its support to fee for service business models with the launch of AdvicePay
22/11/2004 Financial advice now could make you richer in 20 years time
13/10/2004 MLC withdraws on-sale exit fee products 
21/09/2004 MLC says the best super choice is choosing to seek advice 
21/09/2004 MLC says super choice is an opportunity for Australians to secure their financial future  
17/09/2004 MLC announces details of its Term Allocated Pension products
01/09/2004 New marketing campaign for leading multi manager 

2003

Date Media Releases
03/09/2003 National Wealth Management companies reach agreement with ASIC and APRA on investor compensation