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Mercy Super has formulated and given effect to a retirement income strategy for members either in or approaching retirement. The strategy aims to help members that are either approaching or within retirement achieve a balance of:

  • Maximising their expected retirement income
  • Managing expected risk to the sustainability and stability of their retirement income, and
  • Enabling flexible access to their funds during retirement.

Mercy Super provides products to facilitate an income in retirement through its Income Account products. These products provide flexibility to members in terms of:

  • The amount and frequency of amounts drawn down from their account within any legislative limits. This includes the ability to make ad-hoc lump sum withdrawals where permitted.
  • Appropriate investment options supporting the Income Accounts, including features that enable different approaches to the investment options used for drawdowns compared to longer term investment of capital.
  • Ready access to information, advice and support tools through:
  • Calculators, articles and content within Mercy Super’s Retirement Gateway – mercysuper.com.au/retirement-gateway
  • Direct communication and engagement with relevant members

Mercy Super will continually monitor member utilisation of the tools and products supporting the retirement income strategy and adjust or engage with members as appropriate to ensure they continue to be used appropriately and remain fit-for-purpose for Mercy Super’s membership.

Latest news

30 June 2022 market update – market volatility and a reminder to focus on the long-term with your super

30 June 2022 market update – market volatility and a reminder to focus on the long-term with your super

The period to 30 June 2022 has been a year of ups and downs across investment markets. This is... Read more
Retirement income strategy

Retirement income strategy

Mercy Super has formulated a retirement income strategy for our members. This is a strategy that aims to help... Read more
Mercy Super and HESTA today announced their intention to merge

Mercy Super and HESTA today announced their intention to merge

Mercy Super and HESTA have signed a letter of intent to merge via successor fund transfer. We are working... Read more