MLC wins nib mandate
Health insurer nib has handed MLC an important new mandate as its preferred supplier of investment asset consultancy services.
Nib announced to the Australian Securities Exchange (ASX) today that MLC had been selected to provide implemented consulting services following a strategic review of the fund’s asset consulting requirements.
Nib will transition to MLC products over a three-month period.
AUTHOR
Mike Taylor
Recommended for you
The strategic partnership with Oaktree Capital and AZ NGA is likely to pave the way for overseas players looking to enter the Australian financial advice market, according to experts.
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
Increasing revenue per client is a strategic priority for over half of financial advice businesses, a new report has found, with documented processes being a key way to achieving this.
The education provider has encouraged all financial advisers to avoid a “last-minute scramble” in meeting education requirements prior to the 31 December 2025 deadline.
