Advertisement
What the Researchers Say:

A "reasonable value for money" fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.

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

  • Silver
Awards
Fund data valid as of November 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $685 $697 -$12
250k $3,423 $3,005 $418
500k $6,845 $5,703 $1,142

Investment Allocation

Intl shares 29.0%
Aus shares 28.0%
Property 8.0%
Alternative 7.0%
Fixed interest 22.0%
Cash 6.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.03%
Investment Fee 1.34%
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

Total Assets $37,366,793,570
Year Started 2004
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by Generations Personal Pension

Access to a broad range of investment options - multi-manager diversified and sector and single manager and wholesale managed funds
Access to portfolio profiles via North Online with the ability to complete transaction and produce consolidated reports for all investments at any time
No charge to switch investment options
Fee aggregation between super and non-super investment portfolio

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 2.87%
0.15%
8.22%
13.43%
18.55%
-0.60%
Fund
Benchmark
High Growth 4.81%
5.13%
-1.49%
0.82%
10.71%
13.21%
16.82%
17.79%
25.10%
22.59%
-4.40%
-3.09%
Fund
Benchmark
Conservative Balanced 1.19%
2.53%
6.37%
3.46%
10.33%
8.25%
14.40%
11.01%
2.20%
12.60%
Fund
Benchmark
Growth 3.83%
4.39%
-0.69%
2.80%
9.34%
11.50%
15.13%
15.91%
21.96%
19.45%
-2.50%
-1.21%
Fund
Benchmark
Australian Shares 5.82%
6.02%
-1.02%
2.22%
4.21%
6.75%
14.66%
18.31%
23.76%
23.30%
-7.10%
-6.67%
Fund
Benchmark
Overseas Shares 4.76%
5.56%
-4.27%
-2.72%
23.24%
20.36%
18.83%
19.88%
32.40%
29.76%
-3.60%
-3.07%
Fund
Benchmark
Capital Stable 0.94%
1.57%
1.63%
3.64%
4.70%
6.35%
8.17%
8.17%
10.24%
9.14%
3.70%
4.79%
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

Established in 2004, Generations Personal Super and Pension is a portfolio administration service through the North Online Platform, which offers members a simple and convenient way to build their super savings and transition to a pension.

Generations Personal Pension provides members with access to 34 Diversified, Single-Sector and Single Manager investment options. The Generations Balanced option has underperformed the SuperRatings Index over the long term.

Fees associated with this product are higher than the industry average across medium and large account balances assessed. No exit fees or switching fees are applicable, although changing investment options may incur transaction costs. However, adviser fees are charged as separate costs.

Generations Personal Pension provides an excellent level of pension flexibility. Members have the ability to receive their pension payments in a variety of frequencies ranging from fortnightly to annually and can also elect payment dates. Furthermore, pension payments can be set to increase automatically by CPI or a nominated percentage annually. Death cover is also available to pension members.

Through North Online, members can access investment portfolio information, complete transactions and generate consolidated reports at any time. Members also have access to a variety of financial simulators and retirement calculators, as well as a wealth of educational materials, tools and online learning through AMP's website.


Other Funds Promoted