MLC Life to merge with Resolution Life to create Acenda
MLC Life Insurance is to merge with Resolution Life Australasia forming what will be one of the nation’s largest life insurance businesses, Acenda.
The merge results from MLC Life’s parent, Nippon Life Insurance Company acquiring 100% of Resolution Life. On completion of the transaction, MLC Life and Resolution Life Australasia will merge to create the new business.
Under the transaction, Nippon Life will also acquire the 20% share of MLC Life Insurance that National Australia Bank (NAB) has retained since 2016, when Nippon Life acquired the 80% stake in MLC Life Insurance.
As a part of the transaction, NAB has agreed to provide, for a period of 3 years post completion, an amount of contingent Tier 2 capital support to Acenda.
Imagine if we had "Bank Aligned Adviser" But apparently this is different...... I wonder if they take the IFS Trusted…
So is this a different animal to "Qualified Adviser" ? Did we ever find out who thought of the name…
How about we given them a correct designation as GDJ (Glorified Desk Jockey)
So! Who makes the decision on a “trusted” adviser ? What qualifications do you need? Why mother about obtaining a…
How do you become a IFS Trusted Adviser? integrated selling???