Advertisement
What the Researchers Say:

A "best value for money" fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

You should contact your financial adviser or this fund before making an investment decision.

  • Platinum
  • 7 Year Platinum Performance
  • Infinity Recognised
Awards
Fund data valid as of November 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $476 $697 -$221
250k $1,796 $3,005 -$1,209
500k $3,446 $5,703 -$2,257

Investment Allocation

Intl shares 27.0%
Aus shares 38.0%
Property 5.0%
Fixed interest 22.0%
Cash 8.0%

Fees & Charges

Membership Fee $146
Asset Admin Fee 0.51%
Investment Fee 0.15%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
Employer Size Discount N/A

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Membership 262,852
Total Assets $16,587,201,292
Year Started 2010
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by AMP Flexible Super Retirement (Choice Package)

A wide range of over 70 investment options plus Term Deposits
One consolidated statement for super and pension accounts
Online straight through processing on investment switches 24/7
Pension Refresh Facility
Online access to My Portfolio with regular reporting functionality

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 1.98%
3.23%
11.36%
13.16%
17.80%
1.34%
Fund
Benchmark
High Growth 3.56%
5.13%
2.08%
0.82%
14.23%
13.21%
17.15%
17.79%
25.41%
22.59%
-2.44%
-3.09%
Fund
Benchmark
Conservative Balanced 0.80%
2.53%
3.80%
3.46%
9.88%
8.25%
10.66%
11.01%
13.04%
12.60%
3.06%
3.18%
Fund
Benchmark
Growth 2.90%
4.39%
2.50%
2.80%
12.94%
11.50%
14.99%
15.91%
20.52%
19.45%
0.08%
-1.21%
Fund
Benchmark
Australian Shares 7.20%
6.02%
-0.24%
2.22%
5.93%
6.75%
16.45%
18.31%
23.85%
23.30%
-5.87%
-6.67%
Fund
Benchmark
Overseas Shares 5.60%
5.56%
-0.69%
-2.72%
23.87%
20.36%
19.75%
19.88%
30.88%
29.76%
-3.58%
-3.07%
Fund
Benchmark
Capital Stable -0.17%
1.57%
3.73%
3.64%
7.78%
6.35%
8.16%
8.17%
8.76%
9.14%
4.63%
4.79%
Fund
Benchmark
Property -5.00%
0.91%
5.71%
13.83%
15.78%
10.92%
12.59%
10.68%
13.75%
12.91%
4.55%
7.92%
Fund
Benchmark
Cash 1.96%
0.83%
2.10%
2.25%
2.30%
2.61%
2.90%
2.78%
4.10%
3.48%
Fund
Benchmark
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2016, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

Launched in May 2010, AMP Flexible Super Retirement is designed to be a simple and low-cost retirement solution. It has achieved its 8th consecutive Platinum rating in recognition of its competitiveness across our key assessment criteria. As one of the leading funds in responsible investment, the fund has also received a 2017 Infinity Recognised status for the 8th consecutive year.

The Choice package provides members with access to greater investment choice and flexibility, featuring over 70 Diversified, Single-Sector and Single Manager investment options, as well as Term Deposits. The Super Easy Balanced option has outperformed the SuperRatings Index over the five years to 30 June 2016.

Fees for this product are well below the industry average across all assessed account balances. No switching and exit fees are charged, although changing investment options may incur transactional costs. Furthermore, members with account balances greater than $1million may be eligible for rebates.

An excellent level of pension flexibility is provided. Members can choose from multiple payment frequencies ranging from fortnightly to annually, and can also nominate a specific drawdown order and elect any dates for pension payments. A Pension Refresh Facility offers members a quick and easy way to rebalance between their super and retirement accounts.

AMP's website contains a variety of financial simulators and retirement calculators, as well as a Q&AMP info centre, which provides members with a wealth of educational materials, tools and online learning. Furthermore, the fund's interactive digital advice tool 'AMP Goals 360' helps members to plan and keep on track of their retirement goals.