Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Closing retail fund product
Hejaz announced in August 2026 that its super and pension product is closing. Rollovers and redemptions are delayed while underlying investment unit prices are finalised.
This profile is for existing members and people researching the former offer. It should not be used as a joining option.
Closed public sector scheme
MilitarySuper combines a member investment account with an employer benefit calculated under Defence scheme rules.
Relevant to existing and preserved MSBS members. Returning ADF personnel may have specific re-entry rights.
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 | Hejaz Islamic Super and Pension | MilitarySuper |
|---|---|---|
| Membership and access | This profile is for existing members and people researching the former offer. It should not be used as a joining option. Sources12 | Relevant to existing and preserved MSBS members. Returning ADF personnel may have specific re-entry rights. Sources12 |
| Accounts and products | Hejaz Islamic Super and Pension, undergoing closure. Sources12 | Military Superannuation and Benefits Scheme (MSBS). Member benefit Employer benefit Ancillary benefit Sources12 |
| Investment choices | The product site describes Growth, Balanced and Conservative portfolios based on Islamic investment principles. These descriptions explain the product; they are not an invitation to invest during closure. Sources12 | Balanced for the member investment component Members can select Cash, Income Focused, Aggressive or Balanced for member and ancillary benefits. Sources12 |
| Insurance | Existing members should obtain written confirmation of any cover and its treatment during the closure before moving or cancelling another insurance arrangement. Sources12 | Serving members have built-in death and invalidity benefits under scheme rules. Sources12 |
| Retirement income | The pension product is covered by the same closure and transaction-delay notices. Sources12 | This detail has not been verified for this profile. Check the current product documents. |
| Advice and support | Contact the trustee and member service for account-specific closure instructions. Advice may help members compare a replacement fund and the implications for insurance. Sources12 | This detail has not been verified for this profile. Check the current product documents. |
| Fee details to check | Use the account's current statement, PDS and closure notices for charges during the transition. Old marketing fee examples do not explain the final transfer amount. Sources12 | This detail has not been verified for this profile. Check the current product documents. |
| Comparing investment performance | Delayed underlying unit pricing means a displayed balance may not establish the amount ultimately paid or rolled over. Sources12 | ADF Super and MilitarySuper provide different benefit structures. Sources12 |
THE SUPERGURU VIEW
An information page for affected members. The immediate task is understanding the closure process and the available alternatives.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
MilitarySuper needs a service-history comparison. A table of investment fees cannot capture the employer benefit or the effect of discharge and pension choices.
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 Hejaz Islamic Super and Pension profile · Read the full MilitarySuper 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.