Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Industry fund
First Super has a compact investment menu and offers super, transition-to-retirement and retirement income accounts. Members can get help with their investment choice without a separate advice charge.
The fund accepts new members through its public joining process. Read the relevant PDS and target market determination before opening an account.
Industry fund
Vision Super now includes the former Active Super membership. Its current products need to be read alongside the transfer notices, because the merger did not make every historical option or insurance arrangement identical.
The fund has Super Saver and Personal products, plus existing defined benefit and retirement arrangements. Eligibility and insurance can differ by product.
Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.
| Measure | Balanced - accumulation | Vision MySuper |
|---|---|---|
| Return basis | MySuper net return after administration costs, $50,000 representative member | MySuper net return after administration costs, $50,000 representative member |
| 3-year return, per year | 8.35% | 9.16% |
| 5-year return, per year | 6.94% | 6.69% |
| 7-year return, per year | 6.62% | 7.59% |
| 10-year return, per year | 7.25% | 8.14% |
| APRA strategic growth allocation | 79.50% | 76.58% |
| Reported total fees, net of tax, at $50,000 | $560 a year (1.12%) | $305 a year (0.61%) |
| Administration and advice costs, net of tax (included in total) | $175 a year | $115 a year |
| 2026 performance test | Pass | Pass |
| New-member status at reporting date | Check the current product eligibility rules | Check the current product eligibility rules |
At $50,000, the reported annual total-cost difference is $255. Vision Super's selected reporting pathway has the lower reported cost on this measure. The figures cover the year to June 2026; current prices, insurance and separately charged advice can change the comparison.
The growth allocations are 79.50% and 76.58%. A return gap can reflect different exposure to growth assets, and similar headline allocations can still contain different investments.
A performance-test pass is a benchmark result for the tested product or pathway. It is not an endorsement or a guarantee of future performance.
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 | First Super | Vision Super |
|---|---|---|
| Membership and access | The fund accepts new members through its public joining process. Read the relevant PDS and target market determination before opening an account. Sources1234 | The fund has Super Saver and Personal products, plus existing defined benefit and retirement arrangements. Eligibility and insurance can differ by product. Sources12345 |
| Accounts and products | Accumulation super, transition-to-retirement account and Retirement Income account. Sources1234 | Super Saver, Personal, pension and transition-to-retirement products, with existing defined benefit arrangements. Sources12345 |
| Investment choices | Balanced is the MySuper default. The other options are Conservative Balanced, Growth, Shares Plus and Cash. Members can split their balance across options. Sources1234 | A range of diversified and single-asset choices. Some former Active products retain their own history and disclosures. Vision's Diversified Bonds option closed in June 2026, while the former Active Managed Cash option was consolidated in October 2025. Sources12345 |
| Insurance | Insurance through super is available. Check the current insurance guide for the cover offered to your membership category and the cost at your age. Sources1234 | The fund publishes separate insurance documents for Super Saver and Personal. Employment type, including casual employment, can affect the application process. Sources12345 |
| Retirement income | A Retirement Income account allows a choice of investment mix and payment frequency. Pension payments can be fortnightly, monthly, quarterly, half-yearly or yearly, subject to the required annual minimum. Sources1234 | Pension and transition-to-retirement accounts are available. Existing lifetime or defined benefit pensions require their own scheme information. Sources12345 |
| Advice and support | The fund says advice about its investment options is available to members at no extra cost. A wider advice request needs a separate scope and cost check. Sources1234 | Vision Super Financial Planners can help with super and pension questions. The tailored-advice schedule sets out which services carry a fee. Sources12345 |
| Fee details to check | The current fees page gives a $50,000 Balanced example of $465.80 a year, including administration, investment and transaction costs, before any additional applicable fees. This is an example for that option and balance, not a universal member bill. Sources1234 | Use the current PDS for your product, not an old Active Super cost estimate. Former Active members should check their transfer notice and current statement. Sources12345 |
| Comparing investment performance | Compare Balanced with portfolios carrying a similar growth allocation, over the same dates. Shares Plus and Cash have different risk profiles and should not be ranked as though they pursue the same outcome. Sources1234 | Vision publishes separate performance information where needed for former Active options. Its notes distinguish super, transition-to-retirement and retirement pension returns because their tax treatment differs. Sources12345 |
THE SUPERGURU VIEW
A useful shortlist candidate for someone who wants to choose among a small number of diversified strategies rather than manage individual securities.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
Especially relevant for existing Vision or former Active members assessing their current arrangements and comparing alternatives.
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 First Super profile · Read the full Vision 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.