MLC, the wealth management arm of National Australia Bank, has launched a series of investment portfolios that aims to help retirees better manage risk.

The new Inflation Plus line offers three actively managed portfolios: MLC Inflation Plus - Conservative, suited for those already in retirement, MLC Inflation Plus - Moderate, for the risk-aware and those in pre-retirement, and MLC Inflation Plus - Assertive, for the risk-tolerant and in the wealth accumulation phase.

"Unpredictable markets have left investors nervous and unsure where to turn to. A loss close to retirement can have a significant impact on future retirement income," said Jonathan Armitage, chief investment officer at MLC.

The products are available via MLC Wrap, the company's full-service wrap platform.