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MLC completes full Retirement Boost rollout
Financial Standard
|March 09, 2026
MLC Expand has rolled out the retirement phase of its Retirement Boost offering announced last year.
It had soft launched the product's saving phase in August in partnership with TAL and Challenger. Advisers can now recommend MLC Retirement Boost as a complete solution, including the retirement and savings income phases, to their clients.
The retirement income phase of MLC Retirement Boost can be used as a standalone solution or alongside an account-based pension. It is designed to deliver a tax-free retirement income for life, with investment flexibility and potential Age Pension advantages for members.
MLC Expand chief executive Liz McCarthy said the product is an innovative solution to tackle the issue of Australians hanging on to their cash at retirement in fear that they might not have enough to live on.
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