ITWire

Andrew Barnett, General Manager of MLC Retirement Solutions, said: “As pre- and post-retirees face a set of circumstances and risks that are substantially different to those in earlier age brackets, we need to develop innovative solutions to meet their needs,” said Andrew Barnett, General Manager of MLC Retirement Solutions.

Barnett said that MLC was responding to changes in the market with its first suite of protection features, “enhancing the already competitive MLC MasterKey platform and Horizon series managed funds.”

“MLC anticipates that innovative retirement solutions capital protection against large and unpredictable market fluctuations will continue to grow in popularity.

“Technology plays an integral role in the successful deployment of any new product, but especially when entirely new product structures are created. We required a complete solution capable of integrating into our existing technologies, and selected Bluedoor as the best choice following a global tender process.

We were impressed by their next-generation technology framework, established experience in this area, and high level of expertise.  Further, we believe the flexibility of the technology will facilitate further rapid innovation, which will provide a substantial advantage.”

DST Global Solutions (Bluedoor) Executive Director, Martin Spedding, said DST would deliver a scalable and customised administrative solution that is fully integrated into NAB Wealth infrastructure, “ensuring continued operational efficiencies and service capabilities across the MLC MasterKey Fundamentals platform.”  

“Our open architecture design will integrate front-office with middle- and back-office components, adding a broad range of features and functionalities that maximise operational efficiency.”