MLC Superannuation Review

Fees, Investment Returns, and How to join

MLC Super is a public offer retail super fund that was established in 1990. In 2021, the National Australia Bank (NAB) sold MLC Super, along with its wealth management division, to Insignia Financial (formerly IOOF). MLC Super offers a variety of investment and superannuation products to corporate, institutional, and retail clients across Australia.

Today, MLC Super manages nearly $86 billion in retirement savings for 848,000 members, providing competitive investment options and services to help Australians build their retirement wealth.

Who is MLC Super?

MLC Super provides a range of superannuation solutions tailored to the needs of different types of clients, including corporate entities and individual members. With decades of experience and a wide selection of investment choices, MLC continues to offer superannuation solutions focused on long-term growth and security for its members. Headquartered in Melbourne, Victoria, MLC is one of the prominent retail superannuation providers in Australia.

All prices and returns are quoted as of 30 June 2024 unless otherwise stated.

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Frequently asked questions

What Does MLC Super Invest In?

MLC Super offers a wide variety of investment options, depending on the preferences and goals of individual members. The fund invests across multiple asset classes, including:

  • Australian and international shares.
  • Property.
  • Fixed income.
  • Cash.

MLC’s diversified investment approach helps members achieve long-term growth and manage risk.

Who owns MLC Super?

MLC Super is owned by Insignia Financial Ltd, an Australian financial services provider that manages the operations of the superannuation fund.

What is MLC Super’s 5-year return?

MLC Super’s MySuper Growth Portfolio has delivered consistent long-term performance with a 5-year return of approximately 6.7% p.a.

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