Macquarie Super review
Retail wrap platform popular with financial advisers.
Who it's best for
Advised clients with larger balances who want a full wrap platform.
The good
- Enormous investment menu — direct shares, ETFs, managed accounts
- Strong adviser platform with quality reporting
The less-good
- Admin fee high — needs a meaningful balance to justify
- Best paired with a financial adviser; DIYers pay for complexity they don't use
The numbers in detail
| MySuper product | Horizon / Wrap |
|---|---|
| Asset mix | Depends on portfolio — customisable |
| Fixed admin fee | $385/yr |
| % fee (investment + indirect) | 0.50% |
| Insurance default | Adviser-arranged |
| Choice options available | 300 |
| APRA performance assessment | Performing |
How Macquarie Super compares
Run Macquarie Super through our fund comparison tool alongside AustralianSuper, Hostplus, and UniSuper at your actual balance — the dollar fees at $50k can look very different at $250k or $15k, and the ranking sometimes flips. You can also project your own retirement outcome with its fee and return using the retirement projection calculator.
Switching to (or from) Macquarie Super
Switching supers involves four steps that matter: check the insurance you'd lose when closing, update your employer's Standard Choice form so SG flows to the right place, consolidate via myGov, and confirm the rollover lands. Our consolidation guide has the full walkthrough.
The official source
Always verify current fees, insurance terms and investment options on the fund's own PDS before making a decision. macquarie.com.au/super has the latest. The figures on this page are indicative and updated periodically from the APRA heatmap and the fund's PDS.
General information only — not financial advice. Super decisions are long-term; verify with a licensed adviser. Figures on this page are indicative — verify on the fund's PDS.