Mercy Super has been providing benefits to its members since it was established, as the Sisters of Mercy Staff Superannuation Scheme, in 1962. The Fund has now grown to over 10,000 members, and is well known for its delivery of efficient service to both members and employers.
Mercy Super is corporate fund which is offered exclusively to the employees of the Fund's Principal Employer, the Sisters of Mercy Brisbane Congregation, and other Associated Employers admitted to the Scheme by the Principal Employer. Typically Associated Employers are ministries of the Sisters of Mercy Brisbane Congregation.
For most of its history, the Fund has offered several membership categories to provide employers and eligible members with a choice suitable to their superannuation needs.
Investment options were offered to members in the 2003 / 2004 year. The Scheme currently has in excess of $400 million in assets due to competitive long-term investment returns.
The Fund's administration was outsourced for a period of time. In 1993, it was decided to internally administer the Fund to improve the level of service provided to members. Mercy Super is one of the few funds that undertakes its own administration and client service activities. The Mercy Super office is located on the ground floor of the Whitty Building, Mater Health Services, South Brisbane.
In July 2009 the Fund updated its insurance benefits with the appointment of MLC. All members can now apply for a combination of life, total and permanent disablement and income protection cover, at competitive rates. These benefits are offered in a flexible package designed to cater for every member’s personal insurance needs.
In October 2009, the Fund changed name from the Sisters of Mercy Staff Superannuation Scheme to Mercy Super. The change in name in was accompanied by a positioning statement of ‘Always for you’. This phrase reflects an even greater focus on ensuring that we provide the best possible benefits and service to our members.