superguru
MenuClose menu

Retirement Benefits Fund 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

Retirement Benefits Fund

Closed public sector scheme

RBF retains defined benefit and pension arrangements for eligible Tasmanian public sector members.

Membership

Existing members, preserved members and eligible pensioners should check their particular membership category.

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

Retirement Benefits Fund and Team Super: product features and conditions
What to compareRetirement Benefits FundTeam Super
Membership and access

Existing members, preserved members and eligible pensioners should check their particular membership category.

Sources123

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.

Sources12345
Accounts and products

Tasmania's RBF Contributory Scheme and eligible life pensions.

RBF Contributory Scheme

Eligible RBF Life Pension

Sources123

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

Sources12345
Retirement income

RBF life pension eligibility and conversion terms depend on membership history. Some withdrawals can remove access to particular pension conversion terms.

Sources123

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

Sources12345
Comparing investment performance

A pension estimate and survivor-benefit terms are more informative than a generic accumulation return.

Sources123

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.

Sources12345
Investment choices

This detail has not been verified for this profile. Check the current product documents.

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.

Sources12345
Insurance

This detail has not been verified for this profile. Check the current product documents.

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.

Sources12345
Advice and support

This detail has not been verified for this profile. Check the current product documents.

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.

Sources12345
Fee details to check

This detail has not been verified for this profile. Check the current product documents.

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.

Sources12345

THE SUPERGURU VIEW

Our take on Retirement Benefits Fund

Editorial assessment

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.

Who this profile is for

  • Existing Tasmanian RBF members weighing preservation, a lump sum or an eligible pension.

What deserves a closer look

  • This is not a fund open to the general public.
  • Historical pension terms should not be assumed to apply to every member.

Sources123

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.

Sources12345

Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.

Before choosing between Retirement Benefits Fund 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 Retirement Benefits Fund profile · Read the full Team Super profile · Choose another comparison

Sources for Retirement Benefits Fund

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

  1. Tasmanian legislation, continuing closure of contributory scheme
  2. RBF definitions and pension conversion restrictions
  3. RBF pension eligibility and fund ABN

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