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Mercy Super - Super Account

Past 5-year return
6.25%
Admin fee
$57
Calculated Fees on 50k
$636
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Discounted products provided through ME Bank.
Online access to member's accounts.
Profit for members. Member Education.
Personal Service. Full insurance suite across all types of cover.
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's MySuper offering comprises a single diversified investment option, MySuper Balanced. The MySuper Balanced option outperformed the SuperRatings Index over each time period assessed to 30 June 2018. Choice members have access to 5 Pre-Mixed and 3 Asset Class options. 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 investments; however, an exit fee applies for partial or full withdrawals. A full suite of insurance cover is offered, with the Standard cover package, including Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance cover, automatically provided to eligible members upon joining the fund. Members can choose between a salary-based or unit-based cover depending on whether their salary details have been provided by their employer. IP with a benefit period of 2 years, 5 years or to age 65, covering up to 85% of salary, is available following a 30, 60 or 90 day waiting period. Members are able to cancel or apply to vary their cover at any time.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 through Mercy Super Financial Services.
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Fees & fund features

Admin fee
Admin fee
$57
Administration fee (%)
Administration fee (%)
0.30%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.86%
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
$57
Administration fee (%)
Administration fee (%)
0.30%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.86%
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
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