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.
Closed retail fund
Challenger Retirement Fund holds legacy super, pension and insurance contracts. Its products are closed to new members.
The provider confirms all products in this fund are closed to new members. Existing holders should use the documents for their particular contract.
Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.
The costs and returns belong to the selected product, option or lifecycle stage.
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 | Challenger Retirement Fund |
|---|---|---|
| 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 | The provider confirms all products in this fund are closed to new members. Existing holders should use the documents for their particular contract. Sources123 |
| 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 | Existing products inside Challenger Retirement Fund. This entry does not describe every annuity currently sold by Challenger Life. Guaranteed Personal Superannuation Guaranteed Income Pension Plan Guaranteed Lifetime Pension Plan Term Allocated Pension Term Life under super Sources123 |
| 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 | Some contracts provide a guaranteed rate or income; others have cash or market-linked features. There is no single investment menu or balanced option that represents the whole fund. Sources123 |
| 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 | Term Life is a separate insurance product in the fund. Holding a pension does not mean a member has that insurance. Sources123 |
| 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 | Income, withdrawal rights and indexation depend on the original contract. Fixed terms may have break costs, while some lifetime pensions have no withdrawal value. Sources123 |
| 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 | This detail has not been verified for this profile. Check the current product documents. |
| 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 | This detail has not been verified for this profile. Check the current product documents. |
| 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 | Do not present this fund as an available destination for a new accumulation account. Guaranteed-income contracts and ordinary market investment options need different comparisons. Sources123 |
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
This entry is useful for someone trying to understand an existing policy. A modern super comparison can miss the promise built into a legacy pension. Start with the contract, its payment schedule and any surrender value before weighing a change.
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 Challenger Retirement Fund 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.