NAB today welcomed the Australian Prudential Regulation Authority’s (APRA) approval of the acquisition of MLC Wealth by IOOF Holdings Limited. With regulatory approval now provided by APRA, NAB and IOOF are working towards completion of the transaction on 31 May 2021.
The approval by APRA follows the prior decision by the Australian Competition and Consumer Commission in December 2020 to not oppose the transaction.
NAB has joined BioCatch Trust Australia as part of ongoing efforts to tackle the scam epidemic targeting Australians.
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NAB and its customers continue to benefit from the focused execution of its strategy and a more stable operating environment, today announcing a sound Full Year result to the market.
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NAB has this week launched an evolution of its strategy, with CEO Andrew Irvine saying it’s time to raise the bar.
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