Mercy Super

Mercy Super - Income Account

No. of members: 13492
Fund size: $1.4b
Public offer:
Product type: Corporate-Allocated Pension
Target market: -
Year started: 2002
Past 5-year return
6.67%
Admin fee

$0

Calc fees on 50k

$582

SuperRatings awards
Highlighted
7.15%

$117

AustralianSuper

$472

Advisory services
Death insurance
Income protection
Online access
Term deposits
Variety of options
Go to site
Past 5-year return
6.67%
Admin fee

$0

Calc fees on 50k

$582

SuperRatings awards

Pros and Cons

Pros and Cons

  • Profit for members.
  • Personal service.
  • Regular communication.
  • Access to Financial Planning.
  • Online pension access.

Summary

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 2020 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 underperformed the SuperRatings Index over the year to 30 June 2019; however, outperformed over the longer term.Fees are lower than the industry average across all account balances assessed, with the asset-based administration fee capped at $1,000 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.

Features and Fees

Mercy Super Fees and Features

    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 2020 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 underperformed the SuperRatings Index over the year to 30 June 2019; however, outperformed over the longer term.Fees are lower than the industry average across all account balances assessed, with the asset-based administration fee capped at $1,000 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.

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    Mercy Super Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      BALANCED
      CONSERVATIVE BALANCE
      GROWTH
      CAPITAL STABLE
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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