|Industry||Finance and Insurance|
|Andrew Hagger, CEO|
|Products||Superannuation, Insurance, Investments|
Number of employees
|Parent||Nippon Life Insurance, Japan|
|Divisions||MLC Advice, MLC Financial Planning|
MLC is National Australia Bank's wealth management partner providing investment, superannuation, insurance, and financial advice to corporate, institutional, and retail customers.
The company traces its origins to The Citizens’ Assurance Company Limited, registered on 31 December 1886 for the stated purpose “to popularise Industrial Life Assurance, and to carry it to the homes of the working classes by issuing policies for small amounts and receiving the premiums thereon each week”. It later became known as Mutual Life & Citizens Assurance Company Limited.
In 1982, Lend Lease made a partial (50%) takeover of MLC Life Limited and, in 1985, MLC Life Limited became a wholly owned subsidiary of Lend Lease. MLC's multi-manager, multi-style investment philosophy was introduced in 1986.
In February 2015, a takeover of the insurance arm by Nippon Life Japan was announced, with the finalisation to be completed October 2016. Co-branding with National Australia Bank is contracted for a further 2 years. However, all other aspects of the business will be separated. MLC will no longer be the sole provider of life insurance products to National Australia Bank.
MLC's North Sydney head office was completely refurbished in 2002 and renamed Campus MLC.
Campus MLC won the 2002 RAIA NSW Interior Architecture Award and the 2002 RAIA National Interior Architecture Award.
|Wikimedia Commons has media related to MLC Limited.|
|This article about an Australian corporation or company is a stub. You can help Wikipedia by expanding it.|