MLC Wrap Pension Series 2

MLC Wrap Super Series 2 is part of the MLC Superannuation Fund and is a full-service wrap platform. MLC Wrap Super Series 2 is only available through a licensed financial adviser or authorised representative. 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 account balances assessed, as a reduced administration fee applies to account balances over $200,000. There is no exit fee and members can switch investment options free of charge. MLC Wrap Super Series 2 offers a reasonable level of flexibility with a choice of 4 pension 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 re-weighting facility which allows for eligible investment options to be re-weighted on a quarterly, half yearly or yearly basis.