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Platformplus Super Wrap vs Superhero 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

Platformplus Super Wrap

Retail investment platform

Platformplus Super Wrap is an adviser-oriented account for managing a portfolio across super and pension.

Membership

Read the current PDS with your adviser to confirm access and the appropriate accumulation or pension arrangement.

Superhero Super

Retail fund brand

Superhero Super offers managed investments, thematic choices and direct shares and ETFs within super.

Membership

Public membership under the applicable MySuper or Choice 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.

APRA product data to 30 June 2026
MeasureChoose an investment optionSuperhero Super MySuper
Return basisChoose an optionMySuper net return after administration costs, $50,000 representative member
3-year return, per yearChoose an option9.95%
5-year return, per yearChoose an option5.96%
7-year return, per yearChoose an option6.67%
10-year return, per yearChoose an option6.79%
APRA strategic growth allocationChoose an option80.50%
Reported total fees, net of tax, at $50,000Choose an option$350 a year (0.70%)
Administration and advice costs, net of tax (included in total)Choose an option$195 a year
2026 performance testChoose an optionPass
New-member status at reporting dateCheck the current product eligibility rulesCheck the current product eligibility rules

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

Platformplus Super Wrap and Superhero Super: product features and conditions
What to comparePlatformplus Super WrapSuperhero Super
Membership and access

Read the current PDS with your adviser to confirm access and the appropriate accumulation or pension arrangement.

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Public membership under the applicable MySuper or Choice documents.

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Accounts and products

Accumulation and pension portfolios.

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Superhero Super Choice and MySuper.

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Investment choices

The menu spans managed funds, managed accounts, listed investments, ETFs, cash and term deposits. The approved menu sets limits and availability.

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Diversified, single-sector, thematic and direct options. At least 25% of a Choice balance must remain across diversified or single-sector options.

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Insurance

The available PDS states that Platformplus does not offer insurance. Existing cover elsewhere cannot be replaced through this account.

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MySuper and Choice insurance terms differ. There is no insurance in the retirement division; retaining accumulation cover requires a sufficiently funded super account.

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Retirement income

Pension accounts and regular contribution arrangements are described in the product's super and pension materials.

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Retirement and transition-to-retirement accounts are available, with a $20,000 minimum under the PDS dated 2 June 2026.

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Advice and support

Adviser remuneration is separately agreed and authorised. The trustee does not select a personal portfolio for every member.

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The service supports self-directed investment decisions. Personal advice should be arranged where needed.

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Fee details to check

Add platform charges, underlying investment costs, cash margins, transactions and adviser fees. Use your expected holdings and balance for the estimate.

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Choice administration is $52 a year plus a balance-based fee; investment fees vary and direct investing adds costs. MySuper has its own schedule.

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Comparing investment performance

Assess the actual portfolio and total costs. WRAP Super's fund-level data also covers other divisions and does not identify a Platformplus member's result.

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The website's investment returns exclude administration fees and costs. Direct portfolios have member-specific returns.

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THE SUPERGURU VIEW

Our take on Platformplus Super Wrap

Editorial assessment

An option for an advised investor who needs portfolio flexibility and consolidated reporting.

What deserves a closer look

  • Insurance needs a separate arrangement.
  • Shared legal-fund reporting must not be treated as identical pricing across Platformplus and IconiQ.

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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 Superhero Super

Editorial assessment

Relevant for an investor who wants more control but accepts the portfolio limits and costs.

What deserves a closer look

  • The required 25% managed or single-sector allocation limits a wholly direct portfolio.
  • A newly registered legal fund is not evidence that the current consumer product has already transferred.

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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 Platformplus Super Wrap and Superhero 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 Platformplus Super Wrap profile · Read the full Superhero Super profile · Choose another comparison

Sources for Platformplus Super Wrap

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

  1. Super and pension service
  2. Super Wrap product disclosure
  3. Current investment menu
  4. Fund name change

Sources for Superhero Super

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

  1. Investment options and return basis
  2. Product and fees
  3. Current additional information guide
  4. Retirement and transition-to-retirement PDS, 2 June 2026