Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Retail investment platform
IconiQ Super Wrap is an advised portfolio account with accumulation, transition-to-retirement and retirement pension arrangements.
An adviser relationship is normally required to join; losing that relationship restricts some account features.
Industry fund
Team Super is the fund formed from Mine Super and TWUSUPER. Its specialist focus is transport, energy and mining.
The fund serves workers in its core industries and other eligible members. Former Mine and TWUSUPER members should check their current division and insurance documents.
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 | IconiQ Super Wrap | Team Super |
|---|---|---|
| Membership and access | An adviser relationship is normally required to join; losing that relationship restricts some account features. Sources1234 | The fund serves workers in its core industries and other eligible members. Former Mine and TWUSUPER members should check their current division and insurance documents. Sources12345 |
| Accounts and products | Accumulation, Transition to Retirement Pension and Retirement Pension portfolios. Sources1234 | Superannuation, pre-retirement pension and account-based pension. Sources12345 |
| Investment choices | The menu includes managed funds, listed investments, managed accounts, cash and term deposits. Its SMA service provides access to managed portfolios. Sources1234 | Pre-mixed and single-asset options let members build their own mix. Pension and super defaults follow the rules for their particular account, rather than a single default being suitable for every member. Sources12345 |
| Insurance | No insurance cover is offered within the division. Sources1234 | Insurance divisions reflect the industries the fund serves. The merger included premium and definition changes, so a pre-merger quote is not enough to compare current cover. Sources12345 |
| Retirement income | Both transition-to-retirement and retirement pension accounts are available under the super PDS. Sources1234 | Both pre-retirement and account-based pensions are available, with their own investment and fee disclosures. Sources12345 |
| Advice and support | The adviser helps set and maintain the portfolio. Their advice fee and responsibilities are separate from the platform service. Sources1234 | Team offers a complimentary initial appointment. Advice on how the account is invested is available at no extra cost; other personal advice has separate fees. Sources12345 |
| Fee details to check | Include administration, underlying investments, transactions, advice and the cash administration fee. The product cost example excludes some costs of accessible investments. Sources1234 | The merger page advertises a fixed super administration charge of 75 cents a week. Add any percentage administration charge, investment costs, transaction costs and insurance from the current super PDS. Pension fees use a different schedule. Sources12345 |
| Comparing investment performance | Judge the chosen holdings and cash allocation. Platform reporting is useful for monitoring a portfolio but is not a fund-wide investment strategy. Sources1234 | Read the option history carefully around the merger and any strategy changes. A long record can include a predecessor portfolio and is not automatically the record of every former TWUSUPER option. Sources12345 |
THE SUPERGURU VIEW
May suit an advised household that can use the portfolio and aggregation features.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
A relevant comparison for workers whose occupation makes insurance definitions, exclusions and claims support especially important.
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 IconiQ Super Wrap profile · Read the full Team 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.