MLC is the wealth management division of the National Australia Bank (NAB). MLC provides investment, superannuation and life insurance solutions and supports the provision of quality financial advice which helps people achieve and protect their lifestyle and financial goals.
MLC Life Insurance
MLC insurance 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 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.
MLC insurance 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 second largest provider of superannuation in Australia with 16.6% market share (source: Plan for Life Australian Retail & Wholesale Investments Market Share and Dynamics Reports as at June 2009).
Source: www.mlc.com.au, 19/03/2010
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