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What the Researchers Say:

A "good value for money" superannuation fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.

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

  • Gold
  • Infinity Recognised
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $1,156 $707 $449
250k $4,106 $3,049 $1,057
500k $7,356 $5,783 $1,573

Investment Allocation

Intl shares 24.5%
Aus shares 33.0%
Property 10.0%
Alternative 1.5%
Fixed interest 25.0%
Cash 6.0%

Fees & Charges

Membership Fee $106
Asset Admin Fee 1.44%
Investment Fee 0.66%
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 2,144,697
Total Assets $53,718,067,000
Year Started 2003
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by AMP Flexible Lifetime - Allocated Pension

A wide range of over 80 investment options from leading Australian and International investment managers plus Term Deposits on the menu
Pension refresh facility & super consolidation account
Fee rebates available on large account balances
Auto-rebalancing facility to smooth fluctuations in investment allocation
Minimum initial investment of $20,000 required to commence a pension
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 0.54%
11.82%
12.78%
17.46%
-0.70%
8.78%
Fund
Benchmark
High Growth -1.15%
3.50%
13.45%
13.21%
16.18%
17.79%
22.26%
22.59%
-5.64%
-3.09%
9.52%
11.80%
Fund
Benchmark
Conservative Balanced 2.23%
3.85%
7.94%
8.25%
9.74%
11.01%
12.25%
12.60%
1.58%
3.18%
6.84%
9.13%
Fund
Benchmark
Secure 0.72%
3.85%
1.09%
8.25%
1.38%
11.01%
2.31%
12.60%
3.28%
3.18%
3.98%
9.13%
Fund
Benchmark
Diversified Fixed Interest 4.66%
3.91%
2.93%
4.29%
3.92%
6.40%
0.42%
4.74%
11.35%
9.58%
5.60%
6.56%
Fund
Benchmark
Growth -0.17%
4.21%
14.42%
11.50%
14.33%
15.91%
19.47%
19.45%
-2.53%
-1.21%
9.01%
11.20%
Fund
Benchmark
Australian Shares 0.59%
5.54%
5.59%
6.75%
16.87%
18.31%
23.12%
23.30%
-7.32%
-6.67%
12.67%
12.47%
Fund
Benchmark
Overseas Shares 2.57%
0.46%
24.56%
20.36%
20.49%
19.88%
31.49%
29.76%
-4.24%
-3.07%
1.97%
7.44%
Fund
Benchmark
Capital Stable 2.36%
3.63%
5.81%
6.35%
7.31%
8.17%
9.26%
9.14%
3.91%
4.79%
6.17%
7.97%
Fund
Benchmark
Property 18.08%
11.94%
15.85%
10.92%
9.28%
10.68%
21.49%
12.91%
8.69%
7.92%
2.90%
11.91%
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 Lifetime Allocated Pension was established in 2003 and closed to new members on 1 July 2010. AMP Flexible Lifetime received an Infinity Recognition Award for the seventh consecutive year in 2015, in recognition of excellence in environmental and social principals.

Members can access over 80 Diversified, Single-Sector and Single Manager investment options. Access to Term Deposits is also provided. The AMP Balanced Growth option has performed in-line with the SuperRatings Index over the 10 years to 30 June 2015.

Fees associated with this product are higher than the industry average across all account balances assessed. However, rebates are available on large account balances. Furthermore, no exit fees and switching fees are charged, although changing investment options may incur transactional costs.

This product provides an excellent level of pension flexibility. Members can elect to receive their pension payments in a variety of frequencies ranging from fortnightly to annually. They can also draw-down their pension pro-rata across all investments, or nominate a specific drawdown order. The Pension Refresh Facility is also well regarded, enabling members to 'top-up' their pension through a super consolidation account.

AMP's new look website contains a variety of financial simulators and retirement calculators. Members can also manage their superannuation on desktops, tablets and their mobile phones via My Portfolio.


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