Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Closed public sector scheme
RBF retains defined benefit and pension arrangements for eligible Tasmanian public sector members.
Existing members, preserved members and eligible pensioners should check their particular membership category.
Retail fund brand
smartMonday PRIME has an age-based default and a choice menu, plus a pension product. Its MySuper design changed in August 2026.
Employer and personal membership depend on the relevant product and plan.
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 | Retirement Benefits Fund | smartMonday |
|---|---|---|
| Membership and access | Existing members, preserved members and eligible pensioners should check their particular membership category. Sources123 | Employer and personal membership depend on the relevant product and plan. Sources123 |
| Accounts and products | Tasmania's RBF Contributory Scheme and eligible life pensions. RBF Contributory Scheme Eligible RBF Life Pension Sources123 | PRIME super and PENSION. Sources123 |
| Retirement income | RBF life pension eligibility and conversion terms depend on membership history. Some withdrawals can remove access to particular pension conversion terms. Sources123 | A pension account is available under separate disclosure. Sources123 |
| Comparing investment performance | A pension estimate and survivor-benefit terms are more informative than a generic accumulation return. Sources123 | Do not compare the new LifeStage strategy as though its allocation has remained unchanged throughout the historical LifeCycle record. Sources123 |
| Investment choices | This detail has not been verified for this profile. Check the current product documents. | LifeStage MySuper now uses four age bands. Members can also select pre-mixed and sector options. Sources123 |
| Insurance | This detail has not been verified for this profile. Check the current product documents. | Insurance is available; advice about a member's smartMonday insurance is included without a separate advice charge. Sources123 |
| Advice and support | This detail has not been verified for this profile. Check the current product documents. | smartCoach provides account-related advice. Check the scope before seeking broader planning. Sources123 |
| Fee details to check | This detail has not been verified for this profile. Check the current product documents. | From 14 August 2026, the standard annual administration charge fell to $67.60 plus 0.16% of balance, with a $1,000 cap on that percentage component. Investment costs rose for most options; employer terms may differ. Sources123 |
THE SUPERGURU VIEW
A remaining right to an RBF pension can be the most important part of an account. Ask for written confirmation of what would survive a withdrawal or transfer before comparing the balance with another fund.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
Worth comparing for members who prefer an age-based investment strategy or have a negotiated employer plan.
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 Retirement Benefits Fund profile · Read the full smartMonday 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.