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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 goals.

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

  • Platinum
  • 5 Year Platinum Performance
Awards
Fund data valid as of June 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $445 $706 -$261
250k $1,765 $3,047 -$1,282
500k $3,415 $5,779 -$2,364

Investment Allocation

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

Fees & Charges

Membership Fee $115
Asset Admin Fee 0.51%
Investment Fee 0.15%
Switching Fee $0
Exit Fee $0
Account Size Discount No
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 262,892
Total Assets $15,896,500,556
Year Started 2010
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

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

Low cost & simple investment offering
One consolidated statement for super and pension accounts
Online straight through processing on investment switches 24/7
Family linking offered (includes linking to members of an employer plan to get the employer size discounts)
Pension Refresh Facility
Online access to My Portfolio with regular reporting functionality

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.23%
3.23%
11.36%
13.16%
17.80%
1.34%
Fund
Benchmark
High Growth 2.08%
0.82%
2.08%
0.82%
14.23%
13.21%
17.15%
17.79%
25.41%
22.59%
-2.44%
-3.09%
Fund
Benchmark
Conservative Balanced 3.80%
3.46%
3.80%
3.46%
9.88%
8.25%
10.66%
11.01%
13.04%
12.60%
3.06%
3.18%
Fund
Benchmark
Growth 2.50%
2.80%
2.50%
2.80%
12.94%
11.50%
14.99%
15.91%
20.52%
19.45%
0.08%
-1.21%
Fund
Benchmark
Capital Stable 3.73%
3.64%
3.73%
3.64%
7.78%
6.35%
8.16%
8.17%
8.76%
9.14%
4.63%
4.79%
Fund
Benchmark
Cash 1.96%
2.25%
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 30/06/2015, 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

AMP Flexible Super was launched in May 2009, with the aim to be a simple and low-cost superannuation product. It has achieved its 6th consecutive Platinum rating in recognition of its competitiveness across our key assessment criteria. The Select Package provides members with additional features such as greater investment choices.

Members have access to eight Diversified investment options and a Cash option. Over 80 investment options can be accessed by upgrading to the Choice Package. The Super Easy Balanced option has performed in-line with the SuperRatings Index over the five years to 30 June 2015.

Fees for this product are rated as excellent across all account balances assessed. No switching or exit fees are charged, although changing investment options may incur transactional costs. A higher member fee is applicable compared to Core members.

This product provides members with an excellent level of pension flexibility. Members can choose from a variety of pension payment frequencies ranging from fortnightly to annually, and can nominate a date to receive their payments. Members can also drawdown their pension pro-rata across their investments, or nominate a specific drawdown order.

With improved navigation, AMP's new look website contains a variety of financial simulators and retirement calculators, and a 'News and Insights' Centre to keep members informed with market updates and investing know-hows. Members can also manage their superannuation on desktops, tablets and their mobile phones via MyPortfolio.