Mercer Super Review (2026) — Fees, Performance, and Key Features

Mercer Super is the Australian superannuation fund operated by Mercer, a global HR and employee benefits consulting firm. Mercer Super positions itself as an industry-style fund with a focus on corporate employers and their employees.


Key Facts

FeatureDetail
Fund typeIndustry-style (profit-to-members)
Open toOpen to all, with strong corporate employer focus
RegulatorAPRA-regulated
Websitemercersuper.com.au

Fees

Mercer Super’s fees are in the mid-range for Australian super funds:

  • Administration fee: Dollar-based fee
  • Investment management fees: Vary by option

Mercer has taken steps to reduce fees following the APRA Performance Test. Check the current PDS for exact figures.


Investment Options

Mercer Super offers:

  • MySuper option (default Balanced Growth)
  • Conservative
  • Moderate
  • Balanced Growth
  • High Growth
  • Shares
  • Fixed interest / Cash
  • Sustainable Plus (ESG)
  • Heritage options for legacy corporate plans

APRA Performance Test

Mercer Super passed the APRA Annual Performance Test in recent years. Performance data is available on the ATO’s YourSuper comparison tool.


Insurance

Mercer provides default death, TPD, and income protection insurance. Cover arrangements may vary for members in corporate employer plans vs individual membership.


Who Mercer Super Suits

  • Employees of organisations that use Mercer for their workplace super arrangements
  • Members who want access to global investment expertise combined with an industry-style fund structure

Past performance is not a reliable indicator of future performance. For advice on whether Mercer suits your situation, speak with a licensed financial adviser via MoneySmart. For more: Super Fund Comparison Table.