MLC

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
Past 5-year return
-
Admin fee

$375

Calc fees on 50k

$786

SuperRatings awards
Past 5-year return
-
Admin fee

$375

Calc fees on 50k

$786

SuperRatings awards

Pros and Cons

Pros and Cons

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

Summary

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.

Features and Fees

MLC Fees and Features

    Pros and Cons

    • 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.

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    MLC Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
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      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
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      ALTERNATIVES
      FIXED INTEREST
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      Product
      Past 5-year return
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      Calc fees on 50k
      Features
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