AvWrap Retirement Service — superannuation fund performance
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
AvWrap Retirement Service reported A$1.8bn of total assets for 5,137 member accounts (average balance A$340k) in APRA's fund-level statistics for the year to 30 June 2025, with a one-year rate of return of 9.4%.
| Total assets | A$1.8bn |
| Member accounts | 5,137 |
| Average member balance | A$340k |
| 1-year rate of return | 9.4% |
| 5-year rate of return (annualised) | 6.9% |
| 10-year rate of return (annualised) | 5.3% |
| Investment options offered | — |
What running the fund costs
For its reporting year ended 30 June 2025, AvWrap Retirement Service ran on an operating expense ratio of 0.3% — the running cost per dollar of savings (0.5% is 50 cents per A$100 a year). Payments to related parties — companies connected to the fund's own trustee or owner group — came to A$7.3m, equal to roughly 161.5% of its administration bill (a related-party payment is disclosed, not improper — but it is worth knowing who the fund pays).
| Operating expense ratio | 0.3% |
| Investment expense ratio | 0.0% |
| Administration and operating expenses | A$4.5m |
| Marketing spend | A$352k (about A$69 per member account) |
| Executive remuneration (expensed to the fund) | A$19k |
| Director remuneration | A$18k |
| Payments to related parties | A$7.3m |
The annual performance test
Every year the regulator tests most super products against a benchmark portfolio — fail twice and the product must close to new members. As at 30 June 2025, 11 of this fund's products and options were tested, and every one of them passed:
| Product / option | Type | Test result | 10-yr return | Admin fee |
|---|---|---|---|---|
| Rhythm Super — Foundation Assertive Fund | Choice | Pass* | — | 0.9% |
| Rhythm Super — Foundation Balanced Fund | Choice | Pass* | — | 0.9% |
| Rhythm Super — Specialist Diversified Fixed Interest Fund | Choice | Pass* | — | 0.9% |
| Rhythm Super — MLC Multiseries 70 | Choice | Pass* | — | 0.9% |
| Rhythm Super — Foundation Conservative Fund | Choice | Pass* | — | 0.9% |
| Rhythm Super — MLC MultiActive Balanced | Choice | Pass* | — | 0.9% |
| Rhythm Super — MLC MultiActive Diversified Fixed Income | Choice | Pass* | — | 0.9% |
| Rhythm Super — MLC Multiseries 30 | Choice | Pass* | — | 0.9% |
| Rhythm Super — MLC Multiseries 50 | Choice | Pass* | — | 0.9% |
| Rhythm Super — MLC Multiseries 90 | Choice | Pass* | — | 0.9% |
| Rhythm Super — MLC Wholesale Horizon 5 Growth Portfolio | Choice | Pass* | — | 0.9% |
Does the insurance pay out?
Most super accounts carry insurance, paid from your balance. The admittance rate is the share of finalised claims the insurer accepted in the year to 30 June 2025 — the single best number for "does this cover actually pay".
| Cover type | Claims accepted (1-yr) | Claims paid | Premiums collected | Insurer |
|---|---|---|---|---|
| Life insurance (death cover) | — | — | A$1.3m | TAL Life Limited |
| Total & permanent disability (TPD) | — | — | A$611k | TAL Life Limited |
| Income protection | — | — | A$259k | TAL Life Limited |
The gender gap in this fund
In AvWrap Retirement Service, women's average balance was 3.9% lower than men's — from the fund-level member demographics APRA last published for the year to 30 June 2022:
| Average balance — female members | A$342k |
| Average balance — male members | A$356k |
| Member accounts (female / male) | 626 / 585 |
Compare AvWrap Retirement Service with similar funds
The funds closest to AvWrap Retirement Service in size, side by side — each with its own page for the fees, insurance and performance-test detail:
| Fund | Assets | 1-yr return | 10-yr return | Why comparable |
|---|---|---|---|---|
| Super Simplifier | A$1.6bn | 7.9% | — | Similar size |
| Perpetual WealthFocus Superannuation Fund | A$1.5bn | 10.5% | 6.9% | Similar size |
| The Bendigo Superannuation Plan | A$1.5bn | 10.0% | 5.3% | Similar size |
| NESS Super | A$1.4bn | 10.7% | 6.7% | Similar size |
| Mason Stevens Super | A$1.3bn | 8.6% | — | Similar size |
| Meat Industry Employees Superannuation Fund | A$1.2bn | 8.9% | 7.4% | Similar size |
Questions this page answers
How big is AvWrap Retirement Service?
AvWrap Retirement Service held A$1.8bn in total assets for 5,137 member accounts in the APRA fund-level statistics for the year to 30 June 2025.
What return has AvWrap Retirement Service delivered?
AvWrap Retirement Service reported a 9.4% one-year rate of return, and 5.3% a year over the past ten years, at whole-of-fund level in the APRA fund-level statistics.
What does AvWrap Retirement Service charge in fees?
AvWrap Retirement Service reported an operating expense ratio of 0.3% and an investment expense ratio of 0.0% for its reporting year ended 30 June 2025 — the running cost per dollar of savings (APRA fund-level statistics).
Did AvWrap Retirement Service's products pass the performance test?
11 of AvWrap Retirement Service's products and options were tested against the regulator's annual performance test as at 30 June 2025, and every one passed.
See also: Australian super in numbers — marketing spend, expenses, the gender gap and two decades of consolidation across all APRA-regulated funds · all tracked plans.