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What the Researchers Say:

A "best value for money" superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

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

  • MySuper Platinum
Awards
Fund data valid as of February 29, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $138 $155 -$17
50k $665 $629 $36
100k $1,251 $1,160 $91

Investment Allocation

Intl shares 27.0%
Aus shares 30.5%
Property 5.5%
Alternative 9.5%
Fixed interest 15.0%
Cash 2.5%
Other 10.0%

Fees & Charges

Administration Fee ($) $80
Administration Fee (%) 0.69%
Investment Fee 0.48%
Switching Fee $0
Exit Fee $127.94
Account Size Discount No
Employer Size Discount No

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 212,848
Total Assets $19,725,767,832
Year Started 2014
Target Market All Industires
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by Mercer SmartPath - MySuper

Fully integrated service model with all aspects of investments, consulting and administration owned and controlled by Mercer.
High quality retirement planning services, including education and advice.
Wide range of service channels including workplace education and advice, helpline and limited financial advice over the phone.
Free administration services for rollovers and consolidation.

Fund Rating Snapshot

  • Legend:
  • Excellent
  • Good
  • Average
  • Below Average
  • N/A

Rating Categories Clockwise from top

Performance
Performance is based on the past 5 years for their core balanced option
Investment Choices
Points scored on additional benefits to members ie: Home loans, Credit Cards, Health Insurance, Reverse Mortgage, shopping discounts, anti detriment payments and many others
Investment Processes
Points scored on contribution collection, via cheque, cash, Eftpos, Bpay, direct debit and other features
Small Account Fees
Points scored on the fees and charges based on an account size of $5k
Medium Account Fees
Points scored on the fees and charges based on an account size of $50k
Large Account Fees
Points scored on the fees and charges based on an account size of $100k
Death Insurance
Points scored on premium costs and features for Death Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Death and TPD Insurance
Points scored on premium costs features for Death and TPD Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Income Protection Insurance
Points scored on premium costs features for Income Protection insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max% on monthly salary, waiting days available and other features
Member Services
Points scored on additional benefits offered to members ie Statement frequency and newsletter communications and other features
Administration Services
Points scored on the fund structure ie switching between investments, selecting regular contributions, nominated beneficiary changes, changing insurance options. For Service features like call centre, adviser services reports and many other features.
Financial Advice
Points scored on features in respect to financial advice facilities offered ie, by phone, internet, face to face, cost of scaled advice and others.
Goverance
Points scored on Trustee structure, number of independent directors , renumeration and proxy voting policy and risk

Score Explanation

Excellent: Score of 75%-100%
Premium performer in this area. Well above benchmark.
Good: Score of 51%-74%
Better than most funds. Above benchmark
Average: Score of 26%-50%
Placed close to benchmark
Below average: Score of below 25%
Not quite up to speed. Lower than benchmark.

What the researchers say

The Mercer Super Trust is one of the largest corporate super platforms in Australia, providing members with a strong brand name and a flexible range of competitive benefits.

Mercer SmartPath is Mercer's MySuper solution from launched in January 2014. The default investment strategy is a whole of life investment offering, which has been designed for members who seek appropriate retirement income through investing in assets catered for their stage in life. Asset allocation automatically adjusts to a more conservative investment mix as the member moves towards retirement.

Fees are higher than the industry average across small and medium account balances assessed. While withdrawal fees apply, members can make unlimited switches without being charged.

Permanent employees and contractors are eligible for basic Death and basic Death and Total & Permanent Disablement cover. Members can also apply for up to $150,000 cover for a nominated life event. Members can opt out of Death only, Death and TPD or just the TPD cover at any time. Additional voluntary cover is provided for unlimited Death and a maximum of $5 million Death and TPD cover.

Members have access to Mercer financial advisers who can tailor super and retirement solutions to suit their needs. Online planning tools, newsletters and educational seminars are also available. The fund's website incorporates a selection of visual and functional features, including a Retirement Income Simulator tool to members.


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