Skip to Content

Important updates

MasterKey super and pension investment menu changes, effective 26 May 2023

This article is relevant for the following products:

  • MLC MasterKey Super & Pension Fundamentals
  • MLC MasterKey Business Super and MLC MasterKey Personal Super
  • MLC MasterKey Term Allocated Pension

If you’re a member of any of these products, you’ll receive a communication about this.

Our new investment menu

On 26 May 2023, we’re making some changes to the investment options we offer.

This is part of our commitment to continue to enhance our products to help our members achieve their retirement goals. These changes will provide a simpler, more contemporary investment menu, which will continue to provide a diverse investment choice for our members.

Our new simplified investment menu will help our aim to improve net investment returns over time.

What's changing?

On 26 May 2023, we’re:

  • introducing 5 new investment options
  • closing 16 investment options, and
  • making changes to some other investment options. This includes changes to investment fees and costs, transaction costs, strategic asset allocations and investment option names.

Overall, investment fees and costs and transaction costs will reduce or remain the same for most of our investment options that aren’t closing, with one option seeing an increase.

For more information

For more details of the changes, go to

This is a dedicated site that provides more detailed information including investment profiles of the new investment options, comparisons of closing investment options and the options they’ll move to, and detail of changes to other investment options.


Important information
This communication is provided by NULIS Nominees (Australia) Limited ABN 80 008 515 633 AFSL 236465 (NULIS) as Trustee of the MLC Super Fund ABN 70 732 426 024. NULIS is part of the group of companies comprising Insignia Financial Ltd ABN 49 100 103 722 and its related bodies corporate. The information in this communication is general in nature and does not take into account your objectives, financial situation or needs. Because of that, before acting on this information, you should consider its appropriateness, having regard to your objectives, financial situation and needs, plus consider the relevant Product Disclosure Statement (PDS) and relevant Insurance Guide and Target Market Determination (TMD). You can obtain the latest copy of the PDS and TMD by calling us on 132 652 or on the website at We recommend you obtain financial advice tailored to your own personal circumstances. Subject to super law, the final authority on any issue relating to your account is the Fund’s Trust Deed, and any applicable participation agreement and insurance policy, which govern your rights and obligations as a member. You can find more information on the MLC Super Fund, the Trustee and executive remuneration, and other Fund documents at The information in this communication is current as at 27 March 2023 and may be subject to change.