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Perpetual Super Wrap vs Team 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

Perpetual Super Wrap

Retail investment platform

Perpetual Super Wrap provides investment choice and consolidated reporting for super and pension portfolios.

Membership

Confirm access, advice requirements and minimum balance in the current Super Wrap PDS before applying.

Team Super

Industry fund

Team Super is the fund formed from Mine Super and TWUSUPER. Its specialist focus is transport, energy and mining.

Membership

The fund serves workers in its core industries and other eligible members. Former Mine and TWUSUPER members should check their current division and insurance documents.

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

Perpetual Super Wrap and Team Super: product features and conditions
What to comparePerpetual Super WrapTeam Super
Membership and access

Confirm access, advice requirements and minimum balance in the current Super Wrap PDS before applying.

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The fund serves workers in its core industries and other eligible members. Former Mine and TWUSUPER members should check their current division and insurance documents.

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Accounts and products

Perpetual Super Wrap superannuation and pension.

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Superannuation, pre-retirement pension and account-based pension.

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Investment choices

The wrap offers a broad range of underlying investments. The current menu and each investment's disclosure govern availability, risk and any restrictions.

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Pre-mixed and single-asset options let members build their own mix. Pension and super defaults follow the rules for their particular account, rather than a single default being suitable for every member.

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Insurance

Check Super Wrap's own current terms for any available insurance. Insurance offered through another Perpetual super product should not be assumed to apply.

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Insurance divisions reflect the industries the fund serves. The merger included premium and definition changes, so a pre-merger quote is not enough to compare current cover.

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Retirement income

The service supports accumulation, transition to retirement and retirement income arrangements.

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Both pre-retirement and account-based pensions are available, with their own investment and fee disclosures.

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Advice and support

The value of a wrap usually rests on the portfolio and advice services a member actually uses. Request a clear account of those services.

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Team offers a complimentary initial appointment. Advice on how the account is invested is available at no extra cost; other personal advice has separate fees.

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Fee details to check

Calculate platform charges together with underlying investments, transactions, cash-account effects and any adviser remuneration.

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The merger page advertises a fixed super administration charge of 75 cents a week. Add any percentage administration charge, investment costs, transaction costs and insurance from the current super PDS. Pension fees use a different schedule.

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Comparing investment performance

Use the selected portfolio and actual costs. A return from WealthFocus or Select does not describe a Super Wrap member's investments.

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Read the option history carefully around the merger and any strategy changes. A long record can include a predecessor portfolio and is not automatically the record of every former TWUSUPER option.

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THE SUPERGURU VIEW

Our take on Perpetual Super Wrap

Editorial assessment

May suit someone who needs a broader portfolio service and wants the trustee to handle super compliance.

What deserves a closer look

  • A wrap is an account structure, so investment outcomes depend on what is held in it.
  • Do not confuse Super Wrap with Perpetual's SMSF or small APRA fund administration services.

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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 Team Super

Editorial assessment

A relevant comparison for workers whose occupation makes insurance definitions, exclusions and claims support especially important.

What deserves a closer look

  • Compare the insurance division that would cover your actual job.
  • The fixed weekly fee is only one part of total cost; it should not be used as a total-fee headline.

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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 Perpetual Super Wrap and Team 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 Perpetual Super Wrap profile · Read the full Team Super profile · Choose another comparison

Sources for Perpetual Super Wrap

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

  1. Super Wrap and related retirement services
  2. Wrap offer documents
  3. Super Wrap holdings

Sources for Team Super

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

  1. Completed merger
  2. Investment options
  3. Financial advice
  4. Significant event notices
  5. Pension fees