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.
Closed retail fund
National Mutual Retirement Fund holds a range of older superannuation and insurance policies administered by Resolution Life.
The trustee's March 2026 assessment describes the fund as closed to new members. Existing-member contributions and successor transfers are different from opening a new retail account; the rules depend on the policy.
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 | National Mutual Retirement Fund |
|---|---|---|
| Membership and access | Check current employer-sponsored and personal membership terms. The account category matters when comparing fees and insurance. Sources1234 | The trustee's March 2026 assessment describes the fund as closed to new members. Existing-member contributions and successor transfers are different from opening a new retail account; the rules depend on the policy. Sources1234 |
| Accounts and products | Superannuation, pension and transition-to-retirement pension. Sources1234 | Resolution Life legacy superannuation products, including the separate former Super Retirement Fund section from 1 July 2026. Accelerator Personal Superannuation Plan Investment Linked Personal Superannuation products MultiFund Superannuation Bond Resolution Life MyLife Super Whole of Life and Endowment super policies Former Super Retirement Fund section Sources1234 |
| 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 | Menus vary by policy. Some are unit-linked investment accounts; others combine insurance, guarantees or bonuses. The product and investment option on the member statement are essential identifiers. Sources1234 |
| 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 and whole-of-life features belong to specific policies. The label National Mutual Retirement Fund does not establish a member's cover, premium or surrender value. Sources1234 |
| 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 | Pension and super policies have their own withdrawal, payment and maturity rules. Annual and terminal bonuses should be distinguished; terminal bonuses may depend on the eventual claim or withdrawal. Sources1234 |
| 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 | This detail has not been verified for this profile. Check the current product documents. |
| 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 | This detail has not been verified for this profile. Check the current product documents. |
| 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 | Compare the actual policy and option. Do not average different contracts into one fund return. This is an explanatory profile for existing members, not a new-account recommendation. Sources1234 |
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
The legal fund name is a starting point, not enough detail for a switch decision. With older policies, the useful questions are what you own, which benefits would survive a transfer and what would be paid if you left today.
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 National Mutual Retirement 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.