Mercy Super - Super Account

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.