MLC Wrap Pension Series 2

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 higher than the industry average across small account balances assessed; however, remain below industry average for medium and large balances assessed with a reduced administration fee applying to account balances over $200,000. The fund does not charge an investment switching fee or exit fee; however, a buy/sell spread may apply.MLC Wrap Super Series 2 offers a reasonable 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.