Ausbil Australian Emerging Leaders Fund update
An update since 30 June 2015
1 October 2015
Since our update on 30 June 2015, MLC has now finalised its assessment of Ausbil Investment Management Limited's (Ausbil) proposed compensation relating to their unintentional overcharged investment fee of the above investment option for each MLC account.
MLC expects to receive compensation from Ausbil in early October 2015 and will be in a position to commence remediating impacted clients with an MLC account balance from mid-October 2015. Impacted clients with an MLC account will be able to see the transaction online as outlined in the communication that will be sent from mid-October 2015.
Impacted clients who have left MLC prior to 1 October 2015 will be communicated to by the end of November 2015.
Financial advisers will receive a list of their impacted clients by mid-October 2015.