Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
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.
Industry fund brand
Media Super remains the super brand for print, media, entertainment, arts and other creative industries within Cbus.
The brand serves its creative-industry community and eligible members under its current products.
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 | Challenger Retirement Fund | Media Super |
|---|---|---|
| Membership and access | The provider confirms all products in this fund are closed to new members. Existing holders should use the documents for their particular contract. Sources123 | The brand serves its creative-industry community and eligible members under its current products. Sources1234 |
| Accounts and products | 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 | Media Super branded super and retirement products issued within Cbus. Sources1234 |
| Investment choices | 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 | Use the current Media Super investment menu. Historic Media Super options are not independent portfolios that remain available alongside Cbus after the merger. Sources1234 |
| Insurance | Term Life is a separate insurance product in the fund. Holding a pension does not mean a member has that insurance. Sources123 | Insurance terms are product-specific. Creative workers with contract, freelance or irregular work should read the income and employment definitions in their own guide. Sources1234 |
| Retirement income | 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 | Check the current Media Super retirement product documents and default strategy. Compare retirement returns with retirement returns. Sources1234 |
| Comparing investment performance | 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 | Read the pre- and post-merger history note before comparing a long-run Media Super return. Show when an investment strategy changed. Sources1234 |
| Advice and support | This detail has not been verified for this profile. Check the current product documents. | The current site provides advice resources and member assistance. A personal plan needs an explicit scope and fee check. Sources1234 |
| Fee details to check | This detail has not been verified for this profile. Check the current product documents. | Use the post-merger Media Super schedule. Its published merger explanation describes investment fee savings but does not mean every historical fee applies today. Sources1234 |
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.
THE SUPERGURU VIEW
A useful comparison for people in creative industries who value that industry connection and want to check the actual insurance and investment terms.
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 Challenger Retirement Fund profile · Read the full Media Super 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.