|There was a lot to celebrate in 1962. The Commonwealth Games were being held in Perth where Dawn Fraser took out four gold medals for the 110 yard and 440 yard freestyle events as well as in the 110 yard freestyle and medley relays. Also, on 31 July 1962 the Sisters of Mercy Queensland had the foresight to establish a staff superannuation fund to provide benefits for present and future employees.
This was 100 years after the Sisters first arrived in Brisbane and was well ahead of its time with compulsory super not being commonplace in Australia for another 30 years. Mother Superior at the time, Mother Damian Duncombe, and Hospital Secretary, John Joseph O’Brien, were appointed to manage the fund – the original trustees.
The establishment of Mercy Super was part of the Sisters’ ongoing tradition of delivering unmet services directly to individuals in need. Providing staff with benefits to retire with dignity, caring for the people who were dedicated to caring for others.
As we take this time to reflect on the past we are reminded to remain firmly focused on the future in keeping with the legacy of being ahead of our time in delivering to those in need – our members. This includes looking forward to helping build a better world for the future – the world our members will retire in, and we’re pleased to have recently been recognised as one of the top ESG super funds in Australia as part of a recent study undertaken by research firm Rainmaker Information.
As we enter our 60th year the passion behind Mercy Super remains unchanged – to build better retirement outcomes for our unique community of members. Mercy Super may be almost 60, but she is as fresh and energetic as ever – taking care of the $1.6 billion entrusted by more than 13,000 exceptional people that make up our unique membership community.