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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 April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $475 $700 -$225
250k $2,375 $3,016 -$641
500k $4,250 $5,720 -$1,470

Investment Allocation

Intl shares 23.0%
Aus shares 27.0%
Property 12.0%
Alternative 22.0%
Fixed interest 12.0%
Cash 4.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.30%
Investment Fee 0.65%
Switching Fee $0
Exit Fee $75
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 12,972
Total Assets $944,342,432
Year Started 2002
Target Market
Offered to Public?
Fund Type Corporate-Allocated Pension

Fund Highlights - provided by Mercy Super - Income Stream

Eight investment options. Member education. Regular reporting.
Profit for members. Personal service. Regular communication.
Access to Financial Planning.
Online pension access.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 4.37%
10.31%
12.99%
18.52%
-0.50%
8.80%
Fund
Benchmark
High Growth -0.53%
-0.36%
10.55%
13.21%
20.73%
17.79%
26.38%
22.59%
-3.50%
-3.09%
10.80%
11.80%
Fund
Benchmark
Conservative Balanced 3.98%
1.92%
7.95%
8.25%
11.10%
11.01%
12.83%
12.60%
4.20%
3.18%
8.20%
9.13%
Fund
Benchmark
Australian Shares 0.56%
1.67%
4.93%
6.75%
19.95%
18.31%
23.98%
23.30%
Fund
Benchmark
Overseas Shares 0.66%
-3.54%
18.63%
20.36%
18.72%
19.88%
29.16%
29.76%
Fund
Benchmark
Capital Stable 3.40%
2.20%
5.84%
6.35%
7.52%
8.17%
8.74%
9.14%
Fund
Benchmark
Cash 1.81%
1.89%
2.44%
2.61%
2.59%
2.78%
3.19%
3.48%
4.58%
4.76%
6.10%
5.05%
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

Mercy Super was established in 1962 to provide benefits to employees of organisations under the Sisters of Mercy umbrella and other like-minded employers within the health, education and social services sector. A well-rounded corporate fund tailored to it's members, Mercy Super retains the SuperRatings Gold rating for 2016.

Mercy Super provides two income stream options for members, the Account Based Income Stream for those who have retired, as well as a Pre-Retirement Income Stream for members approaching retirement and wish to supplement their income as they transition into retirement. An initial investment of $50,000 is required.

The investment menu contains Multi and Asset Specific strategies; including an SRI option. The investment menu contains Multi and Asset Specific strategies; including an SRI option. The Balanced Growth option underperformed the SuperRatings Index in 2015, however, long term returns position above the Index.

Fees are competitive across all account balances assessed. The administration fee is capped at $1,000 p.a.

The Account based Income Stream offers strong product flexibility with a selection of 5 payment frequencies. Death benefit options include binding and non-binding nominations, as well as reversionary and child pension options.

Other notable features include general advice provided by the fund and full financial planning services available to members. A secure member online facility and access to discounted Banking products are also available.


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