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
RBF retains defined benefit and pension arrangements for eligible Tasmanian public sector members.
Existing members, preserved members and eligible pensioners should check their particular membership category.
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 | Retirement Benefits Fund |
|---|---|---|
| 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 | Existing members, preserved members and eligible pensioners should check their particular membership category. Sources123 |
| Accounts and products | Hejaz Islamic Super and Pension, undergoing closure. Sources12 | Tasmania's RBF Contributory Scheme and eligible life pensions. RBF Contributory Scheme Eligible RBF Life Pension Sources123 |
| 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 | This detail has not been verified for this profile. Check the current product documents. |
| Insurance | Existing members should obtain written confirmation of any cover and its treatment during the closure before moving or cancelling another insurance arrangement. Sources12 | This detail has not been verified for this profile. Check the current product documents. |
| Retirement income | The pension product is covered by the same closure and transaction-delay notices. Sources12 | RBF life pension eligibility and conversion terms depend on membership history. Some withdrawals can remove access to particular pension conversion terms. Sources123 |
| 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 | A pension estimate and survivor-benefit terms are more informative than a generic accumulation return. Sources123 |
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
A remaining right to an RBF pension can be the most important part of an account. Ask for written confirmation of what would survive a withdrawal or transfer before comparing the balance with another fund.
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 Retirement Benefits Fund 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.