MLC Wealth has launched its Core Investment List to allow clients to access its Horizon, Index Plus, and Inflation Plus investment portfolios with a fee of $260 per annum through its Wrap and Navigator platforms.
MLC group executive, platforms, Darren Stevens, said the investment list provided a simple fee structure and leveraged the firm’s scale and investment strength.
“Advisers want to offer clients cost-effective solutions that consider their changing needs over time and this is reflected in our latest Wrap and Navigator changes,” he said.
MLC noted that it would also lower fees for its MasterKey Fundamentals products to help drive improved outcomes.
“From 1 April 2020, MasterKey Super and Pension Fundamentals will deliver more value for account balances greater than $150,000,” MLC said.
“This move predates the planned transfer of all clients in legacy MasterKey super and pension products to the more contemporary MasterKey Fundamentals, and sets the stage for delivering greater value as clients save for and invest in retirement.”
Also, all retail and wholesale MLC Index Plus options fees would be reduced to 29bps from 1 April.