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What the Researchers Say:

A 'good value for money' fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.

You should contact your financial adviser or this fund before making an investment decision.

  • Gold
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $1,294 $707 $587
250k $6,470 $3,049 $3,421
500k $12,640 $5,783 $6,857

Investment Allocation

Intl shares 28.0%
Aus shares 25.5%
Property 4.5%
Alternative 11.5%
Fixed interest 22.0%
Cash 8.5%

Fees & Charges

Membership Fee $0
Asset Admin Fee 1.56%
Investment Fee 1.03%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
Employer Size Discount N/A

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Membership 6,422
Total Assets $1,695,513,000
Year Started 2001
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by Mercer Portfolio Allocated Pension Account

Members have access to an extensive investment menu.
No initial investment set by fund.
Access to financial advice at no additional cost.
Member benefits such as discounted home loans and health insurance available.
Fee tiering applies based on member's account balances over $250,000.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.98%
10.06%
14.46%
16.33%
0.21%
10.56%
Fund
Benchmark
High Growth 3.71%
3.50%
13.50%
13.21%
19.85%
17.79%
25.18%
22.59%
-5.44%
-3.09%
10.14%
11.80%
Fund
Benchmark
Conservative Balanced 3.75%
3.85%
7.96%
8.25%
11.02%
11.01%
11.94%
12.60%
2.76%
3.18%
9.49%
9.13%
Fund
Benchmark
Secure 3.91%
3.85%
4.97%
8.25%
5.91%
11.01%
5.39%
12.60%
7.17%
3.18%
7.30%
9.13%
Fund
Benchmark
Growth 3.67%
4.21%
11.30%
11.50%
16.79%
15.91%
19.54%
19.45%
-1.84%
-1.21%
11.28%
11.20%
Fund
Benchmark
Australian Shares 5.75%
5.54%
5.88%
6.75%
17.75%
18.31%
23.61%
23.30%
-8.70%
-6.67%
6.81%
12.47%
Fund
Benchmark
Overseas Shares 4.77%
0.46%
26.33%
20.36%
20.34%
19.88%
31.21%
29.76%
-2.18%
-3.07%
1.81%
7.44%
Fund
Benchmark
Capital Stable 3.92%
3.63%
6.37%
6.35%
8.16%
8.17%
8.09%
9.14%
5.55%
4.79%
8.32%
7.97%
Fund
Benchmark
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2015, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

Established in 2001, Mercer Portfolio Allocated Pension Account is designed for members seeking an extensive range of investment options as well as sophisticated and detailed reporting on their retirement savings, all provided through Mercer's Investment expertise.

Members have access to a range of 8 Model Choice portfolios (Multi and Asset Specific) and over 100 Market Choice managed investments across different strategies and management styles. The Growth Model Choice option was in-line with the SuperRatings Index in 2015, and historical returns were above the index.

Fees charged are above the industry average across all account balances assessed. Discounts apply on the administration fee once the member's account balance exceeds $250,000 while the expense recovery fees are waived for balances over $500,000. No transaction charges are levied against the member.

Product flexibility is reasonable compared to that offered by most pensions. Members can choose between 6 payment frequencies while death benefit options available include binding, non-binding and a reversionary pension. Other features include access to online transactions and full financial planning services on a fee-for-service basis provided by Mercer financial advisers.


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