POWERED BY MOMENTUM MEDIA
MLC MasterKey Business Super picks up three clients
MLC MasterKey Business Super has added a further $34 million to its funds under management (FUM) after picking up three new corporate clients.
The super provider has won the mandates to manage corporate superannuation plans for McMillan Shakespeare, Kentz Engineering and Swisse Vitamins mandates.
A few months ago, MLC MasterKey Business Super general manager Michael Mulholland said the combination of MLC and NAB Wealth's resources meant the fund was able to tailor competitive deals for clients.
Two Western Australian mining company clients, Swick Mining Services and Atlas - with a combined FUM of over $10 million - signed on in March 2012.
Mulholland said the recent open-market tender wins are evidence of MLC's impressive proposition.
"We tailor our offering depending on each individual company's needs, which is resonating with a lot of firms looking for a new deal for their corporate super," he said.
Mulholland said MLC offers competitive pricing, a strong insurance offering, member services and a revamped clearing house which made it easier for employers to pay staff contributions.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
