MLC MasterKey Super and Pension investment changes
This article is relevant for the following products:
- MLC MasterKey Business Super (MKBS)
- MLC MasterKey Personal Super (MKPS)
- MLC MasterKey Super and Pension Fundamentals
- MLC MasterKey Term Allocated Pension
Changes to investment options
Effective 29 September 2023, we’ve made some changes to some of our investment options as detailed below:
Investment option name | Change |
MySuper Growth Portfolio |
|
MySuper Conservative Balanced Portfolio |
|
MLC MySuper - Ages 55-65 |
|
MLC Flexible Assertive |
|
MLC Flexible Moderate |
|
MLC IncomeBuilder |
‘Aims to provide an income stream (excluding capital gains) that grows each year, by investing primarily in Australian shares’ to ‘Aims to provide a growing income stream (excluding capital gains) over 7-year periods.’
|
Changes to Investment fees and costs
The investment fee for the following super and pension investment options will be reduced from 29 September 2023:
Investment Option |
Current investment fee |
New investment fee |
MLC Australian Fixed Interest Index |
0.39% |
0.25% |
MLC Australian Property Index |
0.36% |
0.25% |
There will also be some updates to investment fees and costs, effective 29 September 2023, to reflect actual costs incurred for the financial year to 30 June 2023. For more information, please refer to the relevant PDS at mlc.com.au/forms_and_brochures
We’re here to help
If you’d like to talk to us about this or you need more information, please call us on 132 652 between 8am and 6pm (AEST/AEDT) Monday to Friday.