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Catholic Super vs National Mutual Retirement Fund

Compare what each fund offers, then choose investment options to put their published costs and returns side by side.

By SuperGuru Group · Research checked 11 September 2026 · Historical APRA figures to 30 June 2026

Catholic Super

Industry fund brand

Catholic Super remains a separate brand within Equip Super. Its background in Catholic education and healthcare is useful context, but the name alone does not tell you the investment screens or product terms.

Membership

Check the current joining and employer criteria. The brand serves its established community as well as members whose circumstances fit the product.

National Mutual Retirement Fund

Closed retail fund

National Mutual Retirement Fund holds a range of older superannuation and insurance policies administered by Resolution Life.

Membership

The trustee's March 2026 assessment describes the fund as closed to new members. Existing-member contributions and successor transfers are different from opening a new retail account; the rules depend on the policy.

Compare fees and investment returns

Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.

Choose an investment option to see the figures

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.

How the products differ

Catholic Super and National Mutual Retirement Fund: product features and conditions
What to compareCatholic SuperNational Mutual Retirement Fund
Membership and access

Check the current joining and employer criteria. The brand serves its established community as well as members whose circumstances fit the product.

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The trustee's March 2026 assessment describes the fund as closed to new members. Existing-member contributions and successor transfers are different from opening a new retail account; the rules depend on the policy.

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Accounts and products

Superannuation, transition-to-retirement income and retirement income.

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Resolution Life legacy superannuation products, including the separate former Super Retirement Fund section from 1 July 2026.

Accelerator Personal Superannuation Plan

Investment Linked Personal Superannuation products

MultiFund Superannuation Bond

Resolution Life MyLife Super

Whole of Life and Endowment super policies

Former Super Retirement Fund section

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Investment choices

Diversified and sector-specific choices. The default is MySuper for super accounts, Capital Stable for transition-to-retirement accounts and MyPension for retirement income accounts.

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Menus vary by policy. Some are unit-linked investment accounts; others combine insurance, guarantees or bonuses. The product and investment option on the member statement are essential identifiers.

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Insurance

Read the current Catholic Super insurance documents for the relevant employer or personal arrangement.

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Insurance and whole-of-life features belong to specific policies. The label National Mutual Retirement Fund does not establish a member's cover, premium or surrender value.

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Retirement income

MyPension invests across Cash, Capital Stable and Growth. This is an investment allocation strategy, with market risk, rather than a promise to pay income for life.

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Pension and super policies have their own withdrawal, payment and maturity rules. Annual and terminal bonuses should be distinguished; terminal bonuses may depend on the eventual claim or withdrawal.

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Advice and support

Financial planning is available through Togethr Financial Planning. Confirm the work covered and the agreed charge before requesting a personal plan.

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This detail has not been verified for this profile. Check the current product documents.

Fee details to check

Compare the current Catholic Super product disclosure with the same product phase elsewhere. Shared investment infrastructure with Equip does not justify guessing that every member fee and insurance term is identical.

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This detail has not been verified for this profile. Check the current product documents.

Comparing investment performance

Use the current aligned investment menu and its predecessor notes. Compare individual options with similar asset mixes.

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Compare the actual policy and option. Do not average different contracts into one fund return.

This is an explanatory profile for existing members, not a new-account recommendation.

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THE SUPERGURU VIEW

Our take on Catholic Super

Editorial assessment

A useful candidate for people who value its workplace relationships or want the retirement services offered through the brand.

What deserves a closer look

  • Do not confuse Catholic Super with Australian Catholic Super or assume a religious investment exclusion without reading the policy.
  • Comparing it with Equip is largely a comparison of brand and product arrangements within one legal fund.

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Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.

THE SUPERGURU VIEW

Our take on National Mutual Retirement Fund

Editorial assessment

The legal fund name is a starting point, not enough detail for a switch decision. With older policies, the useful questions are what you own, which benefits would survive a transfer and what would be paid if you left today.

Who this profile is for

  • Existing Resolution Life policyholders identifying their super fund.
  • Former Super Retirement Fund members checking the account and contribution details that changed in July 2026.

What deserves a closer look

  • Do not treat every legacy policy as a standard accumulation account.
  • June 2026 figures for Super Retirement Fund predate its transfer. They should not be presented as new July pricing for the receiving section.
  • An APRA public-offer classification does not override the trustee's notice that the fund is closed to new members.

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Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.

Before choosing between Catholic Super and National Mutual Retirement Fund

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 Catholic Super profile · Read the full National Mutual Retirement Fund profile · Choose another comparison

Sources for Catholic Super

Checked 2026-09-11. Documents and product terms can change after this date.

  1. Catholic Super investment options
  2. Equip history
  3. Retirement income PDS
  4. Catholic Super advice and fund disclosure

Sources for National Mutual Retirement Fund

Checked 2026-09-11. Documents and product terms can change after this date.

  1. National Mutual Retirement Fund trustee and product information
  2. Trustee March 2026 member outcomes assessment
  3. Resolution Life successor fund transfer
  4. Resolution Life whole-of-life and endowment policies