MLC

MLC MasterKey Pension Fundamentals

No. of members: 1180621
Fund size: $81.1b
Public offer:
Product type: Master Trust-Allocated Pension
Target market: -
Year started: 2007
Past 5-year return
5.23%
Admin fee

$0

Calc fees on 50k

$735

SuperRatings awards
Past 5-year return
5.23%
Admin fee

$0

Calc fees on 50k

$735

SuperRatings awards

Pros and Cons

Pros and Cons

  • Fund manager rebates are passed onto the clients.
  • Rebates apply for large account balances.
  • Rebalancing of funds happpens on a needs basis, not set times.
  • Non - Lapsing Binding death benefit.
  • No commission paid to advisers.

Summary

MLC MasterKey Pension Fundamentals was established in 2007 to service the retirement needs of members from a wide range of industries. The fund is public offer and allows members from all industries to apply for membership.Members have access to a comprehensive investment menu, comprising of both Diversified and Single Sector options, as well as managed investments across a range of asset classes. The Horizon 4 - Balanced Portfolio option has outperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are higher than the industry average across medium and large account balances assessed. A dollar-based fee is charged on account balances below $50,000; however, the administration fee is reduced on balances over $200,000 and is capped at $2,500 pa. There are no investment switching fees, although a buy-sell spread may apply.MLC MasterKey Pension Fundamentals offers excellent pension flexibility, with members able to select from weekly through to annual payment frequencies. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.The fund offers a range of additional benefits to its members, including access to financial advice, investor educational materials, regular newsletters and online access, allowing members to view and updated account details online, as well as perform transactions. Additionally, Work Life NAB offers access to a variety of offers and discounts on lifestyle and financial products and services.

Features and Fees

MLC Fees and Features

    Pros and Cons

    • Fund manager rebates are passed onto the clients.
    • Rebates apply for large account balances.
    • Rebalancing of funds happpens on a needs basis, not set times.
    • Non - Lapsing Binding death benefit.
    • No commission paid to advisers.

    MLC MasterKey Pension Fundamentals was established in 2007 to service the retirement needs of members from a wide range of industries. The fund is public offer and allows members from all industries to apply for membership.Members have access to a comprehensive investment menu, comprising of both Diversified and Single Sector options, as well as managed investments across a range of asset classes. The Horizon 4 - Balanced Portfolio option has outperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are higher than the industry average across medium and large account balances assessed. A dollar-based fee is charged on account balances below $50,000; however, the administration fee is reduced on balances over $200,000 and is capped at $2,500 pa. There are no investment switching fees, although a buy-sell spread may apply.MLC MasterKey Pension Fundamentals offers excellent pension flexibility, with members able to select from weekly through to annual payment frequencies. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.The fund offers a range of additional benefits to its members, including access to financial advice, investor educational materials, regular newsletters and online access, allowing members to view and updated account details online, as well as perform transactions. Additionally, Work Life NAB offers access to a variety of offers and discounts on lifestyle and financial products and services.

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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
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      BALANCED
      HIGH GROWTH
      CONSERVATIVE BALANCE
      DIVERSIFIED FIXED INTEREST
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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