History
The company traces its origins to The Citizens’ Assurance Company Limited, registered on 31 December 1886 for the purpose “to popularise Industrial Life Assurance, and to carry it to the homes of the working classes by issuing policies for small amounts and receiving the premiums thereon each week”.
In 1982, Lend Lease made a partial (50%) takeover of MLC Life Limited and in 1985 MLC Life Limited became a wholly owned subsidiary of Lend Lease. MLC's multi-manager, multi-style investment philosophy was introduced in 1986.
MLC was purchased by National Australia Bank on 30 June 2000 from Lend Lease Corporation Ltd.
Read more about this topic: MLC Limited
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