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Macquarie Wrap vs Media Super

Compare what each fund offers, then choose investment options to put their published costs and returns side by side.

By SuperGuru Group · Research checked 11 September 2026 · Historical APRA figures to 30 June 2026

Macquarie Wrap

Retail platform

Macquarie Wrap provides Super and Pension Consolidator II and Manager II for advised portfolios.

Membership

Macquarie says its Wrap products are designed for people who have received personal advice to apply and to help manage the account.

Media Super

Industry fund brand

Media Super remains the super brand for print, media, entertainment, arts and other creative industries within Cbus.

Membership

The brand serves its creative-industry community and eligible members under its current products.

Compare fees and investment returns

Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.

Choose an investment option to see the figures

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.

How the products differ

Macquarie Wrap and Media Super: product features and conditions
What to compareMacquarie WrapMedia 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.

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The brand serves its creative-industry community and eligible members under its current products.

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Accounts and products

Super and Pension Consolidator II and Manager II, plus existing legacy products.

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Media Super branded super and retirement products issued within Cbus.

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Investment choices

Managed funds, separately managed accounts, listed investments and other assets permitted by the chosen menu.

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Use the current Media Super investment menu. Historic Media Super options are not independent portfolios that remain available alongside Cbus after the merger.

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Insurance

Insurance can be accessed through selected providers under the relevant product documents.

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Insurance terms are product-specific. Creative workers with contract, freelance or irregular work should read the income and employment definitions in their own guide.

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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.

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Check the current Media Super retirement product documents and default strategy. Compare retirement returns with retirement returns.

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Advice and support

A financial adviser is part of the intended product model.

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The current site provides advice resources and member assistance. A personal plan needs an explicit scope and fee check.

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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.

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Use the post-merger Media Super schedule. Its published merger explanation describes investment fee savings but does not mean every historical fee applies today.

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Comparing investment performance

The member's portfolio and costs determine the result. An old Macquarie brand return is not a platform performance measure.

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Read the pre- and post-merger history note before comparing a long-run Media Super return. Show when an investment strategy changed.

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THE SUPERGURU VIEW

Our take on Macquarie Wrap

Editorial assessment

Worth comparing for an advised investor who needs the menu and account-management functions.

What deserves a closer look

  • The intended advice relationship creates a cost and service dependency.
  • Current fees changed in September 2026, so older comparison tables can be wrong.

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Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.

THE SUPERGURU VIEW

Our take on Media Super

Editorial assessment

A useful comparison for people in creative industries who value that industry connection and want to check the actual insurance and investment terms.

What deserves a closer look

  • Media Super and Cbus share a legal fund, so do not portray their comparison as two independent trustees.
  • Do not carry a pre-April 2022 option or fee into a current comparison.

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Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.

Before choosing between Macquarie Wrap and Media Super

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 Media Super profile · Choose another comparison

Sources for Macquarie Wrap

Checked 2026-09-11. Documents and product terms can change after this date.

  1. Current documents and September 2026 changes
  2. Wrap product comparison
  3. II product restrictions

Sources for Media Super

Checked 2026-09-11. Documents and product terms can change after this date.

  1. Media Super
  2. Investment changes after merger
  3. Cbus merger and brand background
  4. Annual reports