The Wrap Cash Hub

The Wrap Cash Hub is the central cash flow account for all the regular transactions into and out of your account. It is a deposit held with MBL by the Fund’s custodian. The Wrap Cash Hub pays a variable interest rate. The rate will be no less than the official RBA cash rate less 0.75 per cent. 

Your investment strategy

The Fund makes available a wide range of investment options that you and your adviser can select with reference to a number of investment strategies. For some investors, choosing your investments from such an extensive range of options may prove daunting and this may be made easier with the assistance of an adviser

Reporting

• Online access - Macquarie Online allows you to view details of your account, such as the overall value, asset allocation and transaction history.
• Statements - Annual statements on your account will be available online.
• Group reporting - Link multiple accounts to access a consolidated report.

Investment options

• Wrap Cash Hub - The central cash flow account for all the regular transactions into and out of your account.
• Managed investments - Over 500 professionally managed investments across a broad range of investment strategies and styles are available on the Investment Menu.
• Separately Managed Accounts (SMAs)- A type of managed investment which combines professional portfolio management with the benefits of greater control and visibility of the underlying investments. Over 150 managed portfolios available through a number of SMA providers.
• Australian listed securities - A wide selection of eligible listed securities that can be transacted on the Australian Securities Exchange (ASX).
• Term deposits - A range of issuers, terms and rates are available.

Automated investment management tools

• Dollar cost averaging - Regular monthly or quarterly investments from the Wrap Cash Hub into managed investments.
• Automatic cash management - Manage the balance in the Wrap Cash Hub through the automated buying and selling of managed investments and SMAs
• Automatic rebalancing - Rebalance the managed investments within your account to ensure that your account stays in line with your investment strategy.

Pension features

• Pension payment flexibility - Pension Manager II clients have the flexibility to:
  • decide the level of pension payments to receive (subject to Government limits)
  • determine the frequency of payments (monthly, quarterly, half-yearly or annually)
  • choose a transition to retirement pension
  • make lump sum withdrawals.
• Pension update functionality - You can commute an existing pension, combine the proceeds with additional super and commence a new pension, all within your existing Pension Manager II account (so your account number, personal details and transaction history are retained).

Insurance and estate planning

• Insurance - Super Manager II offers access to insurance cover for various life events through multiple insurance providers.
• Non-lapsing death benefit nomination - Provides you with greater control over the payment of your benefits in the event of your death.
• Child pensions - An extension of the non-lapsing death benefit nomination that allows your benefit to be paid as a tax-effective income stream to your minor children, or certain other children, in the event of your death.

Taxation

• Individual tax processing - Individual tax processing within your account helps you to benefit from the individual investment decisions that you make.

Transacting on your account

• Online trading for your adviser - With your authority, your adviser can buy and sell your investments online or through a nominated broker.
• Super to pension transfers - You can switch from Super Manager II to Pension Manager II without realising any capital gain or loss as a consequence of the transfer.
• Corporate actions-  If you hold Australian listed securities, we generally allow you to participate in corporate actions such as share purchase plans.