What the Researchers Say:

A "good value for money" superannuation fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.

You should contact your financial adviser or this fund before making an investment decision.

  • MySuper Gold
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $133 $156 -$23
50k $623 $627 -$4
100k $1,168 $1,155 $13

Investment Allocation

Intl shares 25.0%
Aus shares 28.0%
Property 5.0%
Alternative 5.0%
Fixed interest 18.0%
Cash 5.0%
Other 14.0%

Fees & Charges

Administration Fee ($) $78
Administration Fee (%) 0.40%
Investment Fee 0.69%
Switching Fee $0
Exit Fee $75
Account Size Discount No
Employer Size Discount Yes

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Year Started 2013
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by MLC MasterKey Business Super - MLC MySuper

Reduction of fees based on plan size.
Integrated clearing house facitilies.
Super contributions benefit of up to 15% paid to MLC or any other super fund.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.85%
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2015, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

MLC MasterKey Business Super is part of The Universal Super Scheme and is a corporate superannuation solution designed for small to large businesses.

The Fund's MySuper offering comprises a single diversified investment option, MLC MySuper. The MLC MySuper option was introduced on 29 November 2013 and therefore limited performance data is currently available; however, the option underperformed the SuperRatings Index in 2015.

MLC MasterKey Business Super's choice members have access to both Diversified and Single Sector options, as well as managed investments across a range of asset classes.

Fees are higher than the industry average across medium and large account balances assessed, while a reduced administration fee may apply based on the size of the Employer Plan. There is no switching fee; however, an exit fee applies when making a full withdrawal.

MLC MasterKey Business Super provides a full suite of insurance cover, including unlimited Death Only cover and Total & Permanent Disablement (TPD) cover up to a maximum of $5 million. Premiums and insurance design can be tailored to each Employer Plan, alternatively members will automatically be provided with MLC Lifestage insurance. Income Protection offers benefit payment periods of either 2 years, 5 years or to age 65, with a maximum of 90% of pre-disability income. Members with IP cover can also access Best Doctors services.

The fund offers an extensive range of additional benefits to its members, including financial planning, discounted health insurance, online access, investor educational materials and regular newsletters. Additionally, MLC Member Rewards features a wide range of offers, including a variety of lifestyle and banking products.

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