Closed retail fund
National Mutual Retirement Fund
National Mutual Retirement Fund holds a range of older superannuation and insurance policies administered by Resolution Life.
THE OVERVIEW
About National Mutual Retirement Fund
Equity Trustees Superannuation Limited is the trustee. The fund contains products with different histories and benefit structures. On 1 July 2026 it received Super Retirement Fund accounts in a separate section designed to preserve equivalent rights.
Who can join
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.
THE SUPERGURU VIEW
Our take
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.
Who this profile is for
- Existing Resolution Life policyholders identifying their super fund.
- Former Super Retirement Fund members checking the account and contribution details that changed in July 2026.
What deserves a closer look
- Do not treat every legacy policy as a standard accumulation account.
- June 2026 figures for Super Retirement Fund predate its transfer. They should not be presented as new July pricing for the receiving section.
- An APRA public-offer classification does not override the trustee's notice that the fund is closed to new members.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE NUMBERS
Fees and investment returns
Use the product, investment option and employer plan on your statement. Lifecycle members need to choose the relevant stage. APRA's investment pathways may include closed options held by existing members.
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.
A CLOSER LOOK
Inside National Mutual Retirement Fund
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
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.
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.
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.
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.
THE LEGAL FUND
Fund size in APRA's annual reporting
National Mutual Retirement Fund
At 30 June 2025. These are legal-fund totals, which can include several products and more than one account per person.
APRA annual fund-level statistics, June 2025. These older totals can differ substantially after mergers. Size is not a measure of suitability or investment quality.
Sources for National Mutual Retirement Fund
Checked 2026-09-11. Documents and product terms can change after this date.