Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Retail fund
AMP Super combines SignatureSuper's age-based MySuper options with investment choice, digital advice and retirement products. Its Lifetime Boost feature needs more explanation than a simple benefits tick.
Check the SignatureSuper PDS and any employer plan's terms. Restricted employer MySuper arrangements should not be treated as the same product as the standard SignatureSuper MySuper offer.
Industry fund
AustralianSuper combines a conventional Balanced default with a choice of pooled investments and a Member Direct account for people who want to choose listed investments themselves.
Open to people working in Australia, subject to the product's eligibility rules. Employer arrangements can affect insurance, particularly AustralianSuper Select.
Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.
| Measure | Choose an investment option | AustralianSuper MySuper |
|---|---|---|
| Return basis | Choose an option | MySuper net return after administration costs, $50,000 representative member |
| 3-year return, per year | Choose an option | 9.06% |
| 5-year return, per year | Choose an option | 6.34% |
| 7-year return, per year | Choose an option | 7.31% |
| 10-year return, per year | Choose an option | 8.27% |
| APRA strategic growth allocation | Choose an option | 73.42% |
| Reported total fees, net of tax, at $50,000 | Choose an option | $345 a year (0.69%) |
| Administration and advice costs, net of tax (included in total) | Choose an option | $85 a year |
| 2026 performance test | Choose an option | Pass |
| New-member status at reporting date | Check the current product eligibility rules | Check the current product eligibility rules |
Source: APRA Comprehensive Product Performance Package 2026, published 28 August 2026. Fees reflect the reporting year to 30 June 2026, are net of tax, use standard arrangements and exclude member-activity fees. Dollar figures are rounded. They are not a current quote. Check the latest PDS for changes, insurance premiums and any separately charged advice.
Returns are annualised historical results. Different return bases, risk levels and periods cannot be treated as interchangeable. MySuper net returns use a $50,000 representative balance even when you change the fee balance. A lifecycle stage return does not track a person moving between stages. Missing figures mean not reported, not zero. Past returns do not predict future returns. Read our method and APRA's definitions.
| What to compare | AMP Super | AustralianSuper |
|---|---|---|
| Membership and access | Check the SignatureSuper PDS and any employer plan's terms. Restricted employer MySuper arrangements should not be treated as the same product as the standard SignatureSuper MySuper offer. Sources3 | Open to people working in Australia, subject to the product's eligibility rules. Employer arrangements can affect insurance, particularly AustralianSuper Select. Sources1 |
| Accounts and products | SignatureSuper in AMP Super Fund. MyNorth is a separate platform and legal super fund. SignatureSuper AMP MySuper Lifestages AMP Flexible Retirement Income AMP Lifetime Retirement Income Sources6 | Public accumulation accounts; Choice Income and TTR Income are separate products. AustralianSuper accumulation Choice Income account-based pension TTR Income Member Direct investment option Sources1234567 |
| Investment choices | AMP MySuper Lifestages AMP's MySuper strategy allocates members by date of birth and gradually changes the growth and defensive mix. SignatureSuper also offers investment choice, including index-style, multi-manager and single-manager approaches, subject to the current menu. Sources12 | Balanced The menu has three distinct approaches. PreMixed options put different asset classes into a single portfolio. DIY Mix lets you choose the proportions allocated to the fund's asset-class options. Member Direct provides access to eligible listed investments and term deposits within AustralianSuper, with its own costs and restrictions. Sources23 |
| Insurance | Use the insurance guide for your SignatureSuper membership or employer plan. Insurance fees depend on the cover held; the presence of an AMP account does not establish the level of cover or that an application would be accepted. Sources3 | Insurance cover can include death, total and permanent disablement and income protection. Cover and pricing depend on eligibility and work rating. Insurance is not available inside Choice Income or TTR Income accounts. Sources47 |
| Retirement income | AMP offers a flexible allocated-pension product and a separate Lifetime Retirement Income product. Lifetime Boost in accumulation only produces its intended retirement benefit if the member later takes the AMP lifetime-income product. It is not an immediate cash bonus paid into the account. Sources56 | Choice Income provides retirement income, while TTR Income is for eligible people accessing part of their super before full retirement. Read the pension PDS separately because its fees and available features are not identical to an accumulation account. Sources4 |
| Advice and support | Eligible AMP Super members can access Digital Financial Advice through My AMP at no extra fee. It has an eligibility and service scope; more complex planning should be compared separately from the digital service. Sources4 | Most telephone advice about an AustralianSuper account is included in the administration fee. Telephone advice about starting a pension or a transition to retirement strategy can cost extra; broader personal advice has an agreed fee. Sources4 |
| Fee details to check | Identify the product, selected option and employer arrangement before comparing charges. Costs can include administration, investment and transaction costs, insurance and personal advice. North's menu-based fees should not be substituted for SignatureSuper's charges. Sources3 | Compare administration, investment and transaction costs for your chosen option, then add insurance and any advice or Member Direct costs. AustralianSuper has announced an accumulation administration fee change for 31 October 2026: the asset-based rate will rise from 0.10% to 0.12% a year, and its cap from $350 to $600. The $1 weekly flat fee stays unchanged. These announced terms are not yet effective on the research date. Sources45 |
| Comparing investment performance | MySuper Lifestage returns belong to birth cohorts and their changing investment mix. Compare the same cohort or age and common end date. An option's short-term return is not evidence that every SignatureSuper member received the same result. Keep AMP Super and MyNorth separate. Explain the MySuper-to-Choice change and conditional nature of Lifetime Boost before presenting it as a benefit. Sources1 | Use the same investment option and end date on both sides of a comparison. AustralianSuper's crediting rates deduct investment fees, transaction costs and tax, but its treatment of the percentage administration fee changed historically. A Balanced return is not a return earned by every member. Compare Balanced with a portfolio of similar risk, not automatically with every option called Balanced. Separate the current fee schedule from the announced 31 October 2026 schedule. Sources2 |
THE SUPERGURU VIEW
AMP has a more involved retirement proposition than a simple accumulation account. That may interest someone planning how super and the Age Pension could work together, but the value rests on the conditions and the eventual retirement product. The Lifetime label needs careful reading before it becomes a reason to choose the fund.
Sources5
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
AustralianSuper is a useful starting point for comparing a broad-service fund. The menu accommodates people who want the fund to manage their investments and people who want more control. Size alone does not settle the choice: the announced fee change is particularly relevant at larger balances, and service history deserves attention alongside investment results.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
Use the membership rules to establish which accounts are available to you. Then compare the total price of the investment option and cover you need. A lower fee or higher historical return alone does not tell you which fund is suitable.
Ask both funds to confirm insurance acceptance, exclusions, waiting periods and whether cover would change when you leave your employer. Obtain advice before giving up a defined benefit or an insurance policy you may not be able to replace. ASIC Moneysmart explains the comparison checks.
Read the full AMP Super profile · Read the full AustralianSuper profile · Choose another comparison
Checked 2026-09-11. Documents and product terms can change after this date.
Checked 2026-09-11. Documents and product terms can change after this date.