Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Industry fund
legalsuper is aimed at the legal profession and gives members both managed investment options and a direct investment facility.
Check current employer-sponsored and personal membership terms. The account category matters when comparing fees and insurance.
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.
| Measure | MySuper | Choose an investment option |
|---|---|---|
| Return basis | MySuper net return after administration costs, $50,000 representative member | Choose an option |
| 3-year return, per year | 10.11% | Choose an option |
| 5-year return, per year | 7.32% | Choose an option |
| 7-year return, per year | 7.53% | Choose an option |
| 10-year return, per year | 7.90% | Choose an option |
| APRA strategic growth allocation | 77.72% | Choose an option |
| Reported total fees, net of tax, at $50,000 | $470 a year (0.94%) | Choose an option |
| Administration and advice costs, net of tax (included in total) | $190 a year | Choose an option |
| 2026 performance test | Pass | Choose an option |
| New-member status at reporting date | Check the current product eligibility rules | Check the current product eligibility rules |
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 | legalsuper | Macquarie Wrap |
|---|---|---|
| Membership and access | Check current employer-sponsored and personal membership terms. The account category matters when comparing fees and insurance. Sources1234 | 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 | Superannuation, pension and transition-to-retirement pension. Sources1234 | Super and Pension Consolidator II and Manager II, plus existing legacy products. Sources123 |
| Investment choices | Members can choose managed options. Eligible accounts can also use the Direct Investment Option for ASX300 shares, selected ETFs, listed investment companies and term deposits. Sources1234 | Managed funds, separately managed accounts, listed investments and other assets permitted by the chosen menu. Sources123 |
| Insurance | The fund has insurance options for its membership. Compare the actual policy and occupation category, rather than treating a legal-industry label or award as proof of value. Sources1234 | Insurance can be accessed through selected providers under the relevant product documents. Sources123 |
| Retirement income | Pension members have a managed menu and can access direct investment subject to its rules. Transition-to-retirement pension members cannot use the Direct Investment Option. Sources1234 | 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 | The fund provides member information and support. Personal financial advice should have a clear scope and agreed fee; only eligible super-related advice fees may be paid from the account. Sources1234 | A financial adviser is part of the intended product model. Sources123 |
| Fee details to check | Direct investing adds its own administration and other costs to the ordinary product schedule. Include these when comparing it with a pooled option or another direct-share facility. Sources1234 | 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 |
| Comparing investment performance | A member who holds direct securities has a personal portfolio return. It is not meaningful to assign the MySuper return to that portfolio. Sources1234 | The member's portfolio and costs determine the result. An old Macquarie brand return is not a platform performance measure. Sources123 |
THE SUPERGURU VIEW
Worth examining for legal professionals or eligible members who want more investment control and will use the direct menu.
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 legalsuper 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.