📜 A Long Legacy The MLC brand has one of the longest histories in Australia's financial landscape, with its origins tracing back to 1886. Over the decades, it evolved from a life insurance provider into a major wealth management and superannuation business.
🏛️ A New Chapter Today, MLC Super is part of Insignia Financial, one of Australia’s largest wealth management organisations. This brings together the extensive experience of the MLC brand with the scale and resources of a major financial group.
🧭 Choice and Expertise From its historical base in Sydney, MLC Super provides a wide range of superannuation and investment options to its members. The fund's approach is centered on offering flexibility and choice, often working closely with financial advisers to help Australians plan for their future.
Assets Under Management
$89 Billion
Total Members
800,000 Members
ESG Options
Ethical Options
Est. Annual Fee
$593 on $50k
MLC Super's default MLC MySuper option uses a lifecycle strategy that adjusts your investment mix based on your age. Members under 55 are invested in the MySuper Growth Portfolio, which has a higher allocation to growth assets such as Australian and international shares, property, and infrastructure. As members approach retirement between 55 and 65, the portfolio gradually shifts towards more defensive assets. Over 65, the allocation moves further towards cash and fixed interest to help preserve capital.
At an estimated $593 per year on a $50,000 balance, MLC Super sits well above the industry median of $467. The higher fee level reflects MLC's actively managed investment approach, broad range of over 30 investment options, and included services such as financial coaching. Members in employer plans may benefit from reduced fees negotiated by their employer.
MLC Super may suit members who value a wide choice of investment options and access to financial coaching as part of their membership. It is particularly well-suited for those in employer plans where reduced fees have been negotiated, members approaching or in retirement who want access to MLC's pension expertise, and investors who prefer a retail fund backed by a large wealth management organisation.
Default Option as at 30 June 2025
| Option Name ↑ | 1 Year ↕️ | 3 Year ↕️ | 5 Year ↕️ | 10 Year ↕️ |
|---|---|---|---|---|
| MLC Aggressive | +6.80% | +11.00% | +8.90% | +11.50% |
| MLC Balanced | +7.80% | +8.10% | +6.20% | +7.20% |
| MLC Conservative Balanced | +7.00% | +6.90% | +5.30% | +5.80% |
| MLC Growth | +8.00% | +8.80% | +7.10% | +8.20% |
| MLC High Growth | +8.60% | +9.60% | +8.00% | +9.50% |
| MLC Stable | +5.90% | +5.60% | +4.10% | +4.20% |
| MySuper Cash Portfolio | +3.30% | +3.70% | +2.50% | N/A |
| MySuper Conservative Balanced Portfolio | +6.70% | +6.70% | +5.10% | N/A |
| MySuper Growth Portfolio | +8.20% | +8.30% | +7.00% | +7.40% |
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