The insurance and wealth management company MLC has bought out AVIVA Australia, a leading insurer in both the UK as well as worldwide.
AVIVA is the largest insurance entity in the UK, as well as one of the largest insurance companies worldwide. The purchase by MLC is expected to add good returns in addition to more efficiency and capabilities for MLC and the clients that are served.
The AVIVA brand has had in excess of 100 years serving the Australian market, starting with its original name of Norwich Union Australia. During the changeover, the AVIVA brand will remain in effect for 12 months before the MLC brand takes full effect.
This changeover also includes name changes on some of the company’s products. All products will now come under the MLC brand. Some of the affected products include:
- Navigator Personal Investment Plan is changed to MLC Navigator Investment Plan
- Navigator Personal Retirement Plan is changed to MLC Navigator Retirement Plan
- Navigator Access Investment is changed to MLC Navigator Access Investment
- Navigator Access Super & Pension is changed to MLC Navigator Access Super & Pension
Many other product names, however, will remain the same. In addition, MLC will be replacing the AVIVA website for viewing client accounts with an MLC website.
For current product information, please visit the MLC company page or go directly to one of the MLC insurance products below: