MLC has a long history of helping customers create the best possible future. In 2024, we continued to help our members plan and live their best retirement through strong investment returns and improved members services.
Strong investment returns for our members
MLC’s MySuper Growth Portfolio – where the majority of our MySuper members are invested – delivered a strong, double-digit 13.1% return for the 12-months to 30 September 2024.1
The Portfolio also ranked in the top 10 performers over the 3 and 5-year periods to 30 September 2024, as reported by SuperRatings.2 These results are great news for our members, helping you work towards financial wellbeing in retirement. View the latest MLC MySuper investment returns here.
Members in our ready-made portfolios also enjoyed strong returns for the 12-months ending 30 September 2024, ranging from 8.8% for the MLC Stable option; a strong 16.9% return for the MLC High Growth option; and a return of 23.1% for the MLC Aggressive option. Compare the performance of our different investment options here.
Simplifying our Administration fees
As part of our ongoing commitment to help members meet their retirement goals, we simplified our Administration fees, and reduced them for most members.
We aim to outline our fees clearly, from administration to investments, to ensure transparency in all we do, so there are no unexpected surprises for members. Check out our fees webpage to learn more about the costs associated with our MLC MasterKey Business Super, MLC MasterKey Personal Super and MLC MasterKey Super & Pension Fundamentals products.
Responsible investment
Many of our members look for investments that consider Environmental, Social and Governance (ESG) factors. The MLC Socially Responsible Growth option is a diversified investment option managed by our investment experts in a way that considers relevant ESG factors.
It aims to generate long-term returns above inflation for members who wish to be invested in a way that does not expose them to certain business activities which may conflict with their personal values.
The MLC Socially Responsible Growth option delivered a strong 18.6%3 return for the 12 months to 30 September 2024, notably outperforming its competitors in the high-growth socially responsible investment segment.4 This reflects the effectiveness of the option’s strategy and commitment to generating long-term returns while adhering to socially responsible principles.
Learn more about the MLC Socially Responsible Growth option. You can also find more information on our responsible investment policy here.
We’ve made keeping track of your finances easy
Want to know what your financial future looks like? In October we launched a new digital tool, MLC Money View.
MLC Money View is an easy way to understand your current situation and get a projection of your financial future. Simply drop in your personal and financial details and the secure tool will build a customised dashboard that can help you understand:
- What your home or investment property are worth
- What your goals are and if you are on track to achieving them
- How your budget is shaping up
- If you’ll have enough in retirement
- If you have the right level of insurance
Get a customised view of your finances in as little as five minutes – at no extra cost. Try MLC Money View today.
Helping our members start retirement with a bonus
Our Pension Bonus passes on the fund’s tax savings as a payment to eligible members transferring from their MLC MasterKey Super5 or Plum Super account into a new MLC retirement pension account (MLC MasterKey Pension Fundamentals). Other eligibility criteria also apply.
During the year, the MLC Pension Bonus rate reached 1.25% (as at 1 July 2024) – the highest it has ever been!
We're also proud that our MLC MasterKey Pension Fundamentals has been recognised as a platinum pension product by SuperRatings 10-years in a row (2014-2024)6.
Chat to a financial coach7 to see if you’re eligible for the Pension Bonus. Book an appointment.
We’re making it easier for you to make the most of your money
We also launched our SuperFit program. These short practical guides are designed to help you shape up your super and increase your knowledge.
Shape Up – Start your 50s off on the right foot. Use this guide to get the basics right and sort your super in 5 days.
Make a Move – Understand options and benefits available from age 60, so you can feel confident about retirement.
Get the basics right and take control of your retirement. Download the SuperFit guide that right’s for you and get started today.
Helping you keep your super and investments secure online
Financial scams are on the rise and becoming increasingly sophisticated, making them harder to spot. Our new cyber security resource centre explains the common types of scams, essential guidance to help you recognise them, along with practical tips to protect yourself and your loved ones.
Go to mlc.com.au/cyber-security to learn more.
Think you might be facing a scam? Click here to learn the steps to take immediately.
Let’s get in touch
Talk to us on 132 652 between 8am to 6pm AEST, Monday to Friday. You can also message us or request a call back.
Getting expert help is all part of being with MLC. As a service to our members, our team of award-winning Financial Coaches8 provide general advice related to your super, at no additional cost. The service offers general advice on a wide range of financial topics that can help you better understand super, and how to make informed decisions to help you maximise your retirement savings.
Our Financial Coaches also offer a Government Age Pension Concierge service. This service is available to members, their spouses and de facto partners aged 66+.
Make sure to book your appointment with a Financial Coach.
