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MLC MasterKey Account Based Pension

Past 5-year return
9.89%
Admin fee
$78
Calculated Fees on 50k
$1,128
Fund manager rebates are passed onto the clients.
Rebates apply for large account balances.
Rebalancing of funds happens on an as needed basis, not at set times.
Non - lapsing binding death benefits.
MLC MasterKey Account Based Pension was closed to new members in October 2007, however it offers its existing members a high level of service and flexibility.Members have access to a comprehensive investment menu, comprising both Diversified and Single Sector options, as well as managed investments across a range of asset classes. The MLC Horizon 4 - Balanced Portfolio has underperformed the SuperRatings Index over the short and long term. Fees are higher than the industry average across all account balances assessed; however, fee rebates apply to the management fee based on the combined account balances of over $200,000 between members and any eligible linked investors. No transaction fees are charged for withdrawals and members are entitled to 4 free investment switches per financial year.MLC MasterKey Account Based Pension offers good flexibility with a choice of 4 pension payment frequencies and non-lapsing binding and non-binding beneficiary nominations. Members can also set up their pension to be automatically increased by a nominated amount annually. The fund offers a range of additional benefits to its members, including access to financial advice, investor educational materials, regular newsletters and online access, allowing members to view and updated account details online, as well as perform transactions. Additionally, Work Life NAB offers access to a variety of offers and discounts on lifestyle and financial products and services.

Fees & fund features

Admin fee
Admin fee
$78
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.78%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$78
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.78%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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