MLC MasterKey Business Super - MLC MySuper

MLC MasterKey Business Super is part of the MLC Super Fund and is a corporate superannuation solution designed for small to large businesses.The MySuper option is the fund's default investment option, whilst choice members may also select from a range of Diversified and Single Sector options, as well as managed investments across a range of asset classes. The fund's MySuper offering changed from a single diversified investment option to a lifecycle option in March 2019. No investment history is currently available for this product. Please note that the rated MySuper Growth option sits within the Growth (77-90%) option category.Fees are lower than industry average on small balances but higher than the industry average across medium and large balances assessed. No investment switching fees or exit fees are charged; however, buy/sell spreads may apply.MLC MasterKey Business Super's insurance offering allows eligible members to apply for an unlimited amount of Death cover and up to $5 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Premiums and insurance design can be tailored to each Employer Plan, alternatively members will automatically be provided with MLC Lifestage insurance. Income Protection with a benefit period of 2 years, 5 years or to age 65, covering up to 90% of salary, is available following a 30, 60, 90 or 180 day waiting period. Members with IP cover can also access Best Doctors services.The fund offers a range of additional benefits to its members, including access to financial advice, investor educational material, regular newsletters and online access, allowing members to view and update account details online, as well as perform transactions. Additionally, Work Life NAB provides access to offers and discounts on lifestyle and financial products and services.