Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
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.
Retail investment platform
Praemium Super brings adviser-managed portfolios and direct investment choices into a superannuation account.
An adviser helps establish the account and select the appropriate investment arrangements.
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 | National Mutual Retirement Fund | Praemium Super |
|---|---|---|
| Membership and access | 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 | An adviser helps establish the account and select the appropriate investment arrangements. Sources123 |
| Accounts and products | 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 | Accumulation super, transition-to-retirement and pension. Sources123 |
| Investment choices | 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 | The menu includes managed portfolios and direct investment choices. Availability, allocation limits and the operating cash balance are governed by the current investment guide. Sources123 |
| Insurance | 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 | Insurance access is subject to the current PDS, application requirements and the chosen policy. Have the adviser explain the insurer and any underwriting before cancelling existing cover. Sources123 |
| Retirement income | 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 | Members can use transition-to-retirement or pension accounts when eligible, with investment and withdrawal arrangements set for that account. Sources123 |
| Comparing investment performance | 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 | Use the record for the actual portfolio. Praemium's platform capabilities do not supply a single investment return for all members. Sources123 |
| Advice and support | This detail has not been verified for this profile. Check the current product documents. | This is an advised platform. Ongoing portfolio advice is a separate service that should have a clear scope and price. Sources123 |
| Fee details to check | This detail has not been verified for this profile. Check the current product documents. | Compare the combined platform, portfolio, investment, transaction and advice charges at your balance. Cash holdings and the particular menu selections affect the calculation. Sources123 |
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.
THE SUPERGURU VIEW
May suit an advised investor who wants more control over portfolio composition and reporting.
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 National Mutual Retirement Fund profile · Read the full Praemium 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.