Virgin Money Super - LifeStage Tracker

Virgin Money Super is a plan within the Mercer Super Trust, designed to provide a default structure for superannuation investments with competitive fees to optimise retirement incomes for members across all industries.Virgin Money Super LifeStage Tracker is the fund's MySuper offering, which is a whole of life investment strategy that adjusts underlying asset allocations according to a members' age, gradually 'gliding' from a growth-oriented investment strategy to a defensive-oriented strategy. The LifeStage Tracker Born 1959-1963 option underperformed the SuperRatings Index over the 1 year period to 30 June 2018.Fees are lower than the industry average across all account balances assessed. Eligible members can apply for a reduced asset-based administration fee via the 'Virgin Money Super Baby Break' program for a maximum of 12 months. No fees are charged for switching investments; however, an exit fee applies for partial and full withdrawals. A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) cover automatically provided to eligible members upon joining the fund. Members can apply to increase their Death and TPD cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection (IP) with a benefit period of 2 years, covering up to 75% of salary, is available following a 90 day waiting period. Members have access to a free Simple Super Advice service, as well as comprehensive financial planning services provided through Mercer Financial Advice. Online account access allows members to check their account balance and investment performance, as well as make investment changes.