Macquarie Wrap Pension Manager 2 is part of the Manager suite of Wrap products offered by Macquarie Investment Management Limited and is designed for members who have advisers to assist them with personal advice in respect to their investments. An initial investment of $10,000 is required to commence membership.Macquarie Wrap offers an excellent range of investment options, including over 500 managed investments, Australian listed securities, a variety of term deposits and Separately Managed Account (SMA) Model Portfolios. Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings indices.Fees are lower than the industry average across all account balances assessed. The administration fee applies to holdings in each investment, with a reduced administration fee applicable to balances over $50,000, subject to a minimum administration fee. An additional SMA administration fee may apply for holdings in SMA investments. The fund does not charge an investment switching fee, however; a buy-sell spread may apply.Macquarie Wrap Pension Manager offers good pension flexibility, with members able to select from monthly through to yearly payment frequencies. Beneficiary options are comprehensive, including non-lapsing binding and non-binding death benefit nominations, as well as reversionary pensions and child pensions.Members and their adviser can track investments and access comprehensive reports online, while online trading is also available to advisers. Additionally, members have access to an automatic rebalancing facility to ensure their account stays in-line with their investment strategy.

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