MLC reports interim results

/, Insurance News, Insurers/MLC reports interim results

MLC, the wealth management subsidiary of National Australia Bank (NAB) has reported “robust results” in the six months to March 2010. Average in-force premiums have increased 30.1% during this time. Strong investment markets coupled with the acquisition of financial advisory group Aviva Australia, have apparently resulted in a $44 billion increase in funds under management to $114 billion.

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