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ASIC sues MLC Life over alleged insurance failures – The Sydney Morning Herald
The corporate regulator has taken legal action against the formerly NAB-owned MLC Life for allegedly charging insurance premiums…
MLC Life was owned by NAB until 2016 when the controlling stake was sold to Japanese-based Nippon Life. The insurance division is not part of the MLC wealth company bought by IOOF from NAB last year.
MLC Life acknowledged ASICs lawsuit in a statement in…
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