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
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
