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-1.54%
Past performance - 1 year
N/A
Past performance - 5 Years
$723
Calculated fees p.a. on $50,000 balance
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Product Name | MLC MySuper Growth Portfolio |
---|---|
Past performance - 5 Years | N/A |
Annual admin fee | $78 + 0.5% of balance p.a. |
Insurance included | Death,TPD |
Number of members | 494,000 |
MLC is the wealth management division of the National Australia Bank, and has over 125 years of experience in this field. It services around 1.7 million customers, it has over 5,000 employees, it has $171 billion in funds under management, 38 fund managers look after its portfolios and its network comprises of 1,800 advisers.
MLC provides an array of products and services which include superannuation and retirement products, investment and insurance solutions as well as financial advice. It services institutional, corporate and retail customers alike.
It provides awareness, funding and advocacy to a number of charitable foundations in communities in which it operates through the MLC Community Foundation.
MLC aims to tailor wealth solutions to meet its customers’ individual requirements. It structures its multi-asset investment portfolios to deliver returns in varied market conditions, working in managing new risks and identifying new opportunities. As a super fund member you get to choose from options in different asset classes.
MLC has amongst the largest financial planning networks in the country, where you benefit through the combined experience and expertise of names such as MLC Financial Planning, NAB Financial Planning, MLC Advice, Garvan Financial Planning, Godfrey Pembroke, Meritum and Apogee Financial Planning.
As an MLC super fund member you can use its platforms to change your investment and protection options depending on your objectives and life stage. Its retirement solutions offer competitive investment returns as well as a tax-efficient income stream.
If you provide a valid email address with your application, MLC registers you for secure online access automatically, and you get your username and password via email. You can register for online access at a later time as well.
The online platform lets you carry out a variety of tasks such as making additional investments, consolidating your super, switching investments, changing your investment strategy, making a withdrawal request and adding investment protection.
Back to topMLC offers different superannuation products to suit diverse needs.
This super fund lets you choose from a variety of investment options based on your appetite for risk and your investment objectives. Your options include MLC Horizon Portfolios, MLC Inflation Plus Portfolios, MLC Index Plus Portfolios, MLC multi-manager sector funds, MLC single manager sector funds, MLC single manager index funds, externally managed funds, NAB Term Deposits and the MLC Cash Fund. There is no minimum initial investment requirement.
The minimum initial investment with a regular investment facility is $3,000, and without a regular investment facility is $20,000.
You can read more about the insurance options offered by MLC Super here.
Back to topIf you’re turning to MLC for a pension account, you get two basic options to choose from.
You can apply for the MLC MasterKey Super Fundamentals account and the MLC MasterKey Pension Fundamentals account online. To apply for other accounts, you can download an application from the MLC website, complete it, and send it across via mail. You can open an MLC MasterKey superannuation account at different stages of life.
Opening a super account with this service provider requires that you meet some basic eligibility criteria.
If you wish to open a pension account you should be at least 55 years of age. You'll also have to provide details of where your pension balance will come from as well as details of your bank account for pension payments.
After your new account is open, you can turn online to make changes to personal details, details of beneficiaries and investment options.
MLC offers good superannuation and pension alternatives, as do some other super providers. Don’t forget to compare a few before applying.