Quick Verdict
UniSuper is cheaper at $50k ($280/yr vs $363/yr). Australian Retirement Trust leads on 10-year returns (8.60% vs 8.50%).
Fund Overview
Australian Retirement Trust
| Type | Industry |
| Established | 2022 |
| Trustee | Australian Retirement Trust Pty Ltd |
| HQ State | QLD |
| Members | 2.3M |
| Assets (AUM) | $300B |
UniSuper
| Type | Industry |
| Established | 2000 |
| Trustee | UniSuper Limited |
| HQ State | VIC |
| Members | 650K |
| Assets (AUM) | $130B |
Fee Comparison
| Fee Component | Australian Retirement Trust | UniSuper |
|---|
| Admin Fee (flat) | $78 | $60 |
| Admin Fee (%) | 0.10% | 0.04% |
| Investment Fee | 0.42% | 0.36% |
| Indirect Cost Ratio | 0.05% | 0.04% |
| Buy/Sell Spread | 0.09% | 0.09% |
Total Annual Fee by Balance
| Balance | Australian Retirement Trust | UniSuper |
|---|
| $10,000 | $135 | $104 |
| $25,000 | $220 | $170 |
| $50,000 | $363 | $280 |
| $100,000 | $648 | $500 |
| $250,000 | $1,503 | $1,160 |
| $500,000 | $2,928 | $2,260 |
Performance Comparison
| Period | Australian Retirement Trust | UniSuper |
|---|
| 1-Year | 12.20% | 12.00% |
| 3-Year | 8.40% | 8.30% |
| 5-Year | 8.60% | 8.50% |
| 7-Year | 8.70% | 8.60% |
| 10-Year | 8.60% | 8.50% |
| FY2024 | 9.30% | 9.20% |
| FY2023 | 10.50% | 10.80% |
| FY2022 | -2.80% | -3.00% |
| FY2021 | 20.80% | 21.20% |
| FY2020 | -0.50% | -0.80% |
| FY2019 | 8.50% | 8.80% |
| FY2018 | 10.50% | 10.80% |
| FY2017 | 13.20% | 12.90% |
| FY2016 | 4.20% | 4.50% |
| FY2015 | 10.50% | 10.80% |
Insurance Comparison
Australian Retirement Trust
| Insurer | TAL Life Limited |
| Death Cover | Yes — unitised, opt-out |
| TPD Cover | Yes — unitised, opt-out |
| IP Cover | Yes — opt-in |
UniSuper
| Insurer | AIA Australia |
| Death Cover | Yes — unitised, opt-out |
| TPD Cover | Yes — unitised, opt-out |
| IP Cover | Yes — opt-in, 75% of salary |
Annual Premium Comparison by Age
| Age | Australian Retirement Trust | UniSuper |
|---|
| 25 | $135 | $120 |
| 30 | $228 | $205 |
| 35 | $385 | $350 |
| 40 | $590 | $540 |
| 45 | $910 | $850 |
| 50 | $1,400 | $1,320 |
| 55 | $2,080 | $1,950 |
| 60 | $2,950 | $2,800 |
APRA Heatmap Ratings
Australian Retirement Trust
| Fee Rating | Below median |
| Return Rating | Above median |
| Sustainability | Performing |
UniSuper
| Fee Rating | Below median |
| Return Rating | Above median |
| Sustainability | Performing |
Investment Options
Australian Retirement Trust
| Total Options | 18 |
| Ethical/ESG Option | Yes |
| Indexed Option | No |
| Direct Investing | No |
UniSuper
| Total Options | 16 |
| Ethical/ESG Option | Yes |
| Indexed Option | No |
| Direct Investing | No |
Member Services
Australian Retirement Trust
| App Ratings | iOS 4.6 / Android 4.4 |
| Advice | Limited personal advice included; comprehensive fee-for-service |
| AFCA Complaints | 3.4 per 10k members |
| Call Centre | 8am-6pm AEST Mon-Fri |
UniSuper
| App Ratings | iOS 4.7 / Android 4.5 |
| Advice | Included personal advice; comprehensive fee-for-service; campus consultants |
| AFCA Complaints | 3.2 per 10k members |
| Call Centre | 8am-8pm AEST Mon-Fri |
Verdict
On fees, UniSuper is the more affordable option. At a $50,000 balance, UniSuper costs $280 per year compared to $363 for Australian Retirement Trust — a difference of $83 annually. That is a substantial gap that will compound significantly over decades.
Looking at long-term performance, Australian Retirement Trust holds the edge with a 10-year return of 8.60% versus 8.50% for UniSuper — a gap of 0.10% per annum. The two funds are closely matched on returns, so other factors become more important in choosing between them.
On insurance, Australian Retirement Trust uses TAL Life Limited while UniSuper is backed by AIA Australia. For a 40-year-old, UniSuper's default premiums of around $540/year undercut Australian Retirement Trust's $590/year, giving UniSuper the edge on insurance costs. On member satisfaction, UniSuper has fewer AFCA complaints at 3.2 per 10,000 members compared to 3.4 for the other.
Australian Retirement Trust is best suited for public sector workers, large balances over 250k, while UniSuper targets it professionals, education workers. The two funds also serve different industries: Australian Retirement Trust focuses on general, public sector, while UniSuper targets education, research. If your employer defaults to one of these funds, that alone may tip the decision.
Important information
The information on SuperFind is general in nature and does not take into account your personal financial situation, needs, or objectives. It is not personal financial advice. Before making any financial decisions about your superannuation, consider whether the information is appropriate for your circumstances and consider seeking advice from a licensed financial adviser. Super fund data including fees and performance returns shown on this site were current as of April 2026 — always verify figures on the fund's website. Past performance is not a reliable indicator of future performance. Data sourced from APRA, ATO, and individual fund disclosures. SuperFind is a
DecisionLab publication.