Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Restricted public sector fund
GESB administers several Western Australian public sector schemes, so the account name is essential to a useful comparison.
GESB Super is available to current WA public sector employees and qualifying continuing members after moving into private employment. West State and Gold State are closed to new members.
Retail platform
Macquarie Wrap provides Super and Pension Consolidator II and Manager II for advised portfolios.
Macquarie says its Wrap products are designed for people who have received personal advice to apply and to help manage the account.
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 | GESB | Macquarie Wrap |
|---|---|---|
| Membership and access | GESB Super is available to current WA public sector employees and qualifying continuing members after moving into private employment. West State and Gold State are closed to new members. Sources123 | Macquarie says its Wrap products are designed for people who have received personal advice to apply and to help manage the account. Sources123 |
| Accounts and products | GESB Super accumulation. West State Super, Gold State Super and retirement accounts have different structures and identifiers. GESB Super West State Super Gold State Super Retirement Income Pension Sources123 | Super and Pension Consolidator II and Manager II, plus existing legacy products. Sources123 |
| Investment choices | Choose and compare options within the relevant account. A common administrator does not make the schemes interchangeable. Sources123 | Managed funds, separately managed accounts, listed investments and other assets permitted by the chosen menu. Sources123 |
| Comparing investment performance | GESB is a state government scheme outside the APRA RSE fund register; absence from that register does not mean it is not a legitimate fund. Sources123 | The member's portfolio and costs determine the result. An old Macquarie brand return is not a platform performance measure. Sources123 |
| Insurance | This detail has not been verified for this profile. Check the current product documents. | Insurance can be accessed through selected providers under the relevant product documents. Sources123 |
| Retirement income | This detail has not been verified for this profile. Check the current product documents. | Super and pension accounts are available. The current II products do not accept conversion of an existing term allocated pension into that product type. Sources123 |
| Advice and support | This detail has not been verified for this profile. Check the current product documents. | A financial adviser is part of the intended product model. Sources123 |
| Fee details to check | This detail has not been verified for this profile. Check the current product documents. | Use the fees effective from 1 September 2026. Add investments, trading, advice and any cash-account economics; Macquarie published administration and ORFR changes for that date. Sources123 |
THE SUPERGURU VIEW
Identify the scheme before doing any fee or return comparison. For someone holding West State or Gold State, the first issue is the value and tax treatment of existing rights, not the convenience of combining accounts.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
Worth comparing for an advised investor who needs the menu and account-management functions.
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 GESB profile · Read the full Macquarie Wrap 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.