MLC reduces model portfolio fees
MLC Asset Management has reduced management fees on its MLC MultiSeries portfolios.
MLC MultiSeries comprises four portfolios designed for differing risk profiles and investors seeking long-term growth. The funds are predominantly active with some factor and passive investment exposures across traditional and non-traditional asset classes.
Management fees have been reduced on the MultiSeries 30, 50, 70 and 90 portfolios, coming down from a range of 0.40–0.55 per cent per annum to 0.32–0.47 per cent.
The portfolios are available on a range of investment platforms as well as directly subject to minimum investment and holding requirements.
Pricing changes
Amna Khan, general manager for investment products at MLC Asset Management, said the portfolios offer access to a blend of investment styles through a multi-asset approach and reserves costs for areas where active management are valuable, such as private assets and property.
“This repricing reflects MLC Asset Management’s continued focus on delivering products that fit a range of client needs, ensuring investors can access high-quality, diversified investment solutions at a competitive price point that leverages our scale, while still maintaining active positions in the portfolio.
“As advisers continue to seek streamlined investment solutions and simplicity in their back office, MLC MultiSeries offers access to a broad range of assets typically reserved for institutional investors, including illiquid investments. Supported by the transparency and ease offered through our Investment Central tool, the offering is designed to enhance the investment experience for both advisers and clients.”
Earlier this month, MLC partnered with TAL and Challenger on a retirement solution, the first in a series of retirement income offerings for advisers to be launched over the next 18 months.
Operating like a superannuation fund, parent company Insignia Financial said the MLC Retirement Boost will give Australians the potential to boost their income during retirement due to the concessional tax treatment of lifetime income streams.
The firm explained that this partnership will benefit from Challenger’s expertise and distribution capability in retirement, which will help the product to achieve market scale. Meanwhile, TAL will be providing the adviser tool and be the insurer for a future Retirement Boost Pension product.
Set to be released in August, MLC Retirement Boost will be available on the MLC Expand platform for advisers to use with their superannuation clients.
AUTHOR
Laura Dew
Recommended for you
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
Australia has marked a decade among the best countries for retirement, according to Natixis, but with high inflation threatening their retirement goals, a third say they would get professional advice to improve their chances.
When it comes to the risks of acting as a responsible manager at an AFSL, compliance firm Holley Nethercote has shared a range of red flags that could see them facing disciplinary action from the corporate regulator.
Wealth management platform provider Netwealth has announced a partnership with FinClear to streamline trading capabilities for advisers.
