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MLC

MLC Navigator Retirement Plan Series 2 - Account Based Pension

MLC Wholesale Horizon 4 Balanced Portfolio

Past 5-year return
-

% p.a

Admin fee

$375

Calc fees on 50k

$796

SuperRatings awards
SuperRatings Silver 2022 Pension
Past 5-year return
-

% p.a

Admin fee

$375

Calc fees on 50k

$796

SuperRatings awards
SuperRatings Silver 2022 Pension

Quick pension fund review

For MLC Navigator Retirement Plan Series 2 - Account Based Pension

These are the benefits of this pension fund.

  • No information was provided by the fund to SuperRatings. For available information refer to the fund's PDS.

MLC Navigator Retirement Plan Series 2 is a sub-plan of the MLC Superannuation Fund. Established in 2014, MLC Navigator Retirement Plan Series 2 is only available through a licensed financial adviser or authorised representative, with a minimum initial investment of $20,000 required to commence membership.Members have access to an excellent range of investment options, including a range of wholesale investment alternatives, a range of shares listed on the ASX, Exchange Traded Funds (ETFs), various Term Deposits and Separately Managed Accounts (SMA). Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings indices.Fees are higher than the industry average across small and medium account balances assessed. Discounts and fee caps apply to the administration fee for account balances over $200,000, including linked accounts, while a portion of the fees are negotiable. The fund does not charge a switching fee, although a buy/sell spread may apply.An excellent level of pension flexibility is offered, with members able choose from 5 pension payment frequencies ranging from fortnightly to annually and having the ability to elect payment dates. Furthermore, payments can be set to increase by CPI or a nominated percentage annually. Beneficiary options are comprehensive, including non-lapsing binding and non-binding death benefit nominations, as well as reversionary pensions and child pensions.Members have online access to their portfolio information, with financial advisers having the ability to transact and obtain reports on their behalf. Additionally, members have access to an automatic re-weighting facility allowing eligible investment options to be re-weighted on a quarterly, half yearly or yearly basis.

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Pension fund overview

For MLC Navigator Retirement Plan Series 2 - Account Based Pension

TMD

Features

Variety of options

Binding nominations

Account size discount

Online Access

Home loans

Financial planning service

Non-lapsing binding nominations

Employer size discount

Anti-detriment payments

Credit cards

Insurance Cover

Health insurance

Insurance life event increases

Total and permanent disability cover

Long term income protection

Fees

Admin fee

$375

Administration fee (%)

0.04%

Switching fee

$0

Investment fee

0.8%

Indirect cost ratio (%)

Exit fee

$0
Available
Not available
Data not captured

Target Market Determination

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