If you want sophisticated and detailed reporting on your super and an extensive and varied range of investment options, the Mercer Portfolio Service may be suited to your needs.
The Mercer Portfolio Service:
Has competitive fees
Provides investors with access to the investment expertise of Mercer
Provides investors with access to their account online
Has a friendly Helpline through which members can obtain limited financial advice over the phone.
For more information about the Mercer Portfolio Service or to discuss the Mercer Portfolio Service with a Mercer financial adviser call the Helpline on 1800 633 403.
| Feature || Mercer Portfolio Service Superannuation Plan |
| Suggested minimum balance || |
$10,000 or regular deposits of at least $250 per month.
| Investment performance |
| Investment choice || |
You can choose from:
- A range of 8 Model Choice portfolios.
- An extensive range of over 100 Market Choice managed investments.
| Member services || |
- Online- access to your account information 24 hours a day through a secure website
- Helpline- a dedicated Helpline service, providing you with access to your account information and limited financial advice
| Competitive fees || |
You may agree for a contribution fee to be deducted from your account to pay for advice provided to you by a Mercer financial adviser (where applicable).
The management costs that apply to your account will depend on the investment option you choose and the value of your account.
You may be able to reduce the management costs that apply to your account by linking your account to another Mercer Portfolio Service account belonging to a member of your immediate family (i.e. your spouse, parents, children, brother or sister). This facility is called Family Group Linking.
| Insurance options* || |
You can apply for a level of insurance that suits your needs+:
- Life protection (death cover) only; or
- Life protection (death cover) and Total & Permanent Disablement protection (TPD cover).
Example- A 40 year old white collar male seeking $200,000 of death and TPD cover could expect to pay between $350 and $400 per annum.*
| Estate planning || |
You can choose from:
- Discretionary (preferred) death benefit nomination; or
- Binding death benefit nomination.
Your beneficiaries may also request to receive death benefits in the form of either a lump sum or a pension.
| Retirement income || |
Once you reach your preservation age, you can transition to retirement by transferring to a pension within the Mercer Portfolio Service.
At retirement, you can choose from the following types of income streams available within the Mercer Portfolio Service:
- Allocated pension
- Term allocated pension
You may be able to reduce the transactional costs that apply to your transfer to a pension within the Mercer Portfolio Service. This feature is called the Asset Transfer facility.
+ Eligibility for insurance cover is subject to terms and conditions.
* The cost of life protection and TPD cover will vary depending on various factors such as your age, your gender, your general health history and current condition, and whether or not you smoke.
The Mercer Portfolio Service Superannuation Plan is a regulated super fund run by a trustee, Mercer Superannuation (Australia) Limited (MSAL), ABN 79 004 717 533, Australian Financial Services Licence #235906. 'MERCER' is a registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917.
Investors should be aware that the value of any of the Model Choice portfolios or Market Choice managed investments offered through the Plan may rise and fall from time to time and neither MSAL nor Mercer guarantee the investment performance, earnings or return of capital invested in any of the Model Choice portfolios or Market Choice managed investments.
Information contained in this website includes general financial product advice which has been prepared without taking into account your personal objectives, financial situation or needs. It is important that you consider these matters, read the Product Disclosure Statement for the Plan (available from the trustee) and obtain advice from a licensed, or appropriately authorised, financial adviser before making any investment decision.
The insurance which can be accessed through the Plan is currently provided by PrefSure Life Limited ABN 20 000 017 194. Before making any decisions concerning the insurance cover provided through the Plan you should also consider the Superannuation Insurance Facility Product Disclosure Statement which is available from the trustee.