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Mercy Super - Income Stream

Past 5-year return
12.15%
Admin fee
$0
Calculated Fees on 50k
$658
Profit for members. Personal service. Regular communication.
Access to Financial Planning.
Online pension access.
Established in 1962, Mercy Super is a corporate fund dedicated to looking after the retirement savings of current and former employees of Mater Health Services and other Sisters of Mercy organisations. A minimum initial investment of $50,000 is required to commence a Mercy Super Income Account. Mercy Super offers a range of 5 investment options to choose from, providing members with access to 4 Pre-Mixed options and a Cash option. The Balanced option has outperformed the SuperRatings Index over the short and long term. Fees are lower than the industry average for small account balances, with the administration fee capped at $1,000 pa. No fees are charged for switching investments; however, an exit fee applies for partial or full withdrawals. Mercy Super provides good flexibility, with members having the ability to receive payments fortnightly through to annually. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions. A range of online tools, calculators and educational resources are available through the fund's website. The fund's secure website further enables members to view account information and update and makes changes to their accounts online. Financial planning services are offered to members by Mercy Super Financial Services.

Fees & fund features

Admin fee
Admin fee
$0
Exit fee
Exit fee
$75
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$0
Exit fee
Exit fee
$75
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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