Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
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.
Retail investment platform
Mason Stevens Super provides an account for an adviser-selected investment portfolio, with super and pension administration in one service.
Access and portfolio arrangements are handled through an adviser. Review the super PDS rather than relying on the wider firm's investment-service material.
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 | Macquarie Wrap | Mason Stevens Super |
|---|---|---|
| Membership and access | Macquarie says its Wrap products are designed for people who have received personal advice to apply and to help manage the account. Sources123 | Access and portfolio arrangements are handled through an adviser. Review the super PDS rather than relying on the wider firm's investment-service material. Sources123 |
| Accounts and products | Super and Pension Consolidator II and Manager II, plus existing legacy products. Sources123 | Mason Stevens Super and pension. Sources123 |
| Investment choices | Managed funds, separately managed accounts, listed investments and other assets permitted by the chosen menu. Sources123 | The platform gives access to managed investments and portfolio services. The PDS includes a Foundation ETF Balanced example, but that example is not every member's portfolio. Sources123 |
| Insurance | Insurance can be accessed through selected providers under the relevant product documents. Sources123 | Ask the adviser to identify the available insurer, eligibility and terms in the current super disclosure before arranging or replacing cover. Sources123 |
| Retirement income | 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 | Super and pension accounts have different cash requirements and payment needs. Sources123 |
| Advice and support | A financial adviser is part of the intended product model. Sources123 | An adviser helps select and manage the portfolio. Adviser remuneration is additional to the platform's standard cost example. Sources123 |
| Fee details to check | 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 | Include account fees, administration, the cash margin, investment costs and adviser charges. The PDS's worked example uses $48,000 in a model and $2,000 in cash, which affects the result. Sources123 |
| Comparing investment performance | The member's portfolio and costs determine the result. An old Macquarie brand return is not a platform performance measure. Sources123 | Assess the selected investments and actual cash allocation. A model's published return does not necessarily include all account and advice costs. Sources123 |
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.
THE SUPERGURU VIEW
A candidate for an advised member who needs portfolio services and can explain what they add to a simpler diversified option.
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 Macquarie Wrap profile · Read the full Mason Stevens 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.