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MLC Wrap Pension Series 2

MLC Wrap Pension Series 2

No. of members:

87810

Fund size:

$20.7b

Public offer:

Product type:

Master Trust-Allocated Pension

Target market:

Year started:

2014

- Last updated on 08 Aug 2020

First State Super

SuperRatings awards

Past 5-year return

5.83%

Excellent value for money; Sound long term historical investment performanceBenefits associated with a large scale super fund

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First State Super terms and conditions

Past 5-year return

New Fund

Admin fee

$375

Calc fees on 50k

$786

SuperRatings awards

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

MLC Wrap Super Series 2 is part of the MLC Superannuation Fund and is a full-service wrap platform. Established in 2014, MLC Wrap Super 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 extensive investment choice menu, including over 300 managed investments, ASX listed investments, a variety of term deposits and a Separately Managed Account (SMA) providing access to a range of direct share 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 medium and large balances assessed, with a reduced administration fee applied to account balances over $200,000. The fund does not charge an investment switching fee, although a buy/sell spread may apply.MLC Wrap Super Series 2 offers an excellent level of flexibility with members able to select from monthly, quarterly, half-yearly and yearly payment frequencies. Members with more than one investment option can nominate the proportion, of each specified option, in which payments are to be drawn from. 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 re-weighting facility which allows for eligible investment options to be re-weighted on a quarterly, half yearly or yearly basis.

MLC Fees and Features

Admin fee $375	Health insurance
Administration fee (%) 0.04%	Binding nominations
Indirect cost ratio (%)	Anti-detriment payments
Exit fee $0	Switching fee $0
Financial planning service	Employer size discount
Credit cards	Home loans
Insurance life event increases	Non-lapsing binding nominations
Investment fee 0.78%	Long term income protection
Account size discount

Fund fees vs. Industry average

THIS FUND

INDUSTRY AVERAGE

Fund past-5-year return vs. Industry average

THIS FUND

INDUSTRY AVERAGE

Investment allocation

INTERNATIONAL SHARES

AUSTRALIAN SHARES

PROPERTY

ALTERNATIVES

FIXED INTEREST

CASH

OTHER

Investment option performance

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Now showing 1 - 6 of 6 pension funds

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Product	Past 5-year return	Admin fee	Company	Calc fees on 50k	Features
MLC MasterKey Pension Fundamentals	5.23%	$0	Promoted MLC MasterKey Pension Fundamentals	$735	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
Plum Retirement Income	4.96%	$0	Promoted Plum Retirement Income	$620	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
MLC Navigator Retirement Plan - Account Based Pension	New Fund	$750	Promoted MLC Navigator Retirement Plan - Account Based Pension	$1.1k	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
MLC Navigator Retirement Plan Series 2 - Account Based Pension	New Fund	$375	Promoted MLC Navigator Retirement Plan Series 2 - Account Based Pension	$786	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
MLC Wrap Pension	New Fund	$0	Promoted MLC Wrap Pension	$800	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details
MLC Wrap Pension Series 2	New Fund	$375	Promoted MLC Wrap Pension Series 2	$786	Advisory services Death insurance Income protection Online access Term deposits Variety of options	More details