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Pros and Cons
- 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. The fund was nominated as a finalist for the 2021 Career Fund of the Year award. 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 Diversified options and a Cash option. The Balanced option outperformed the SuperRatings Index over each time period assessed to 30 June 2020.Fees are lower than the industry average across all account balances assessed, with the asset-based administration fee capped at $600 pa. No fees are charged for switching investment options. Mercy Super provides good flexibility, with members having the ability to receive pension payments fortnightly through to annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are 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, as well as update and make changes to their accounts online. Financial planning services are offered to members through Mercy Super Financial Services.
Mercy Super Fees and Features
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
Past 5-year return
Calc fees on 50k
Variety of options
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