Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
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.
Closed public sector scheme
PSS is a closed defined benefit scheme for eligible Australian Government employees.
Existing contributors and preserved members retain scheme-specific rights. Limited re-entry rules can apply when returning to eligible employment.
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 | Mason Stevens Super | PSS |
|---|---|---|
| Membership and access | 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 | Existing contributors and preserved members retain scheme-specific rights. Limited re-entry rules can apply when returning to eligible employment. Sources12 |
| Accounts and products | Mason Stevens Super and pension. Sources123 | Public Sector Superannuation Scheme. This is different from PSSap. PSS defined benefit Preserved benefit Eligible PSSap ancillary account Sources12 |
| Investment choices | 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 | Contributors use the default fund. Preserved members can choose Default or Cash for funded amounts. Sources12 |
| Insurance | Ask the adviser to identify the available insurer, eligibility and terms in the current super disclosure before arranging or replacing cover. Sources123 | Contributing members receive built-in death and invalidity cover, subject to scheme conditions. Sources12 |
| Retirement income | Super and pension accounts have different cash requirements and payment needs. Sources123 | Eligible benefits may be paid as an indexed pension, a lump sum or a combination. Sources12 |
| Advice and support | An adviser helps select and manage the portfolio. Adviser remuneration is additional to the platform's standard cost example. Sources123 | This detail has not been verified for this profile. Check the current product documents. |
| Fee details to check | 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 | This detail has not been verified for this profile. Check the current product documents. |
| Comparing investment performance | Assess the selected investments and actual cash allocation. A model's published return does not necessarily include all account and advice costs. Sources123 | Do not rank the defined benefit using accumulation investment returns. Sources12 |
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.
THE SUPERGURU VIEW
Contribution choices and retirement timing can matter more here than a published investment return. A benefit estimate tied to your employment history is the useful starting point.
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 Mason Stevens Super profile · Read the full PSS 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.