MLC Superannuation
Types of MLC Super accounts
MLC MasterKey Super Fundamentals
MLC MasterKey Super Fundamentals is the main superannuation product available to members. Members have access to a range of investment options, including:
- MLC Inflation Plus: Aims to deliver returns above inflation over a defined timeframe. MLC says this option may suit members who are concerned about losing money over the next few years and prefer to rely on investment experts to deliver expected returns.
- MLC Horizon: Aims to deliver returns above the portfolio’s benchmark and reduce risk in the portfolio. May suit members who prefer to rely on the market for return, and who prefer to reduce risk in their portfolio.
- MLC Index Plus: Aims to deliver returns that meet the portfolio’s benchmark and achieve long-term capital growth. May suit members who want to keep costs down and rely largely on the market for returns.
Some of the other features offered by MLC MasterKey Super Fundamentals include:
- No minimum account balance to open your account.
- Unlimited free investment switches.
- Life insurance, TPD insurance, and income protection insurance available within super. As with any insurance product, consider checking the cover amount, any exclusions, limitations or other conditions that may apply, as well as the premiums you would be charged before deciding whether it suits your needs.
- The ability to view and manage your account online.
- Access to term deposits within super.
MLC Wrap Super
MLC Wrap Super is an adviser-managed portfolio available to members looking to achieve greater diversification within their investment portfolio. When you open a MLC Wrap Super account, you must select from two investment options – the full Investment List or the Core Investment List.
- Investment options for the full Investment List include:
- Separately Managed Account (SMA) – Listed security model portfolios
- Separately Managed Account (SMA) – Multi-asset model portfolios
- Managed Investments
- Investment options for the Core Investment List include:
- MLC multi-asset funds, including the MLC Horizon, MLC Index Plus and MLC Inflation Plus portfolios.
- Six multi-asset SMA model portfolios (the MLC Managed Account Strategies)
- The Antares Income Fund
Some of the other features offered in MLC’s Wrap Super product include:
- Life insurance, TPD insurance, and income protection insurance available within super. As with any insurance product, consider checking the cover amount, any exclusions, limitations or other conditions that may apply, as well as the premiums you would be charged before deciding whether it suits your needs.
- Over 350 managed investments.
- The ability to view and manage your account online.
How to join MLC Super
Before committing to a particular fund, consider comparing your options with Canstar and checking out our choosing a super fund checklist. You can also read MLC’s product disclosure statement (PDS) and other applicable documentation, which could help you decide whether its product offering is suitable for your needs.
If you decide to join MLC Super, you can sign up for an account online. Online applications for the MLC MasterKey Super Fundamentals account can take less than 15 minutes, according to MLC. For help, you can request a call back or phone MLC.
Finally, remember to tell your employer that you’ve joined MLC Super. Your employer should give you a Superannuation Standard Choice Form to fill out, sign and return to them.