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Summit Personal Pension

Past 5-year return
10.86%
Admin fee
$660
Calculated Fees on 50k
$1,180
Suited to investors with diverse and complex investment needs
Sophisticated suite of investment options - including managed funds and direct assets across both super and non-super investments
Consolidated investment reports, with online access to view portfolio details
Fee aggregation between super and non-super investments
Established in 1992 as a platform service managed by AMP, Summit Personal Super and Pension are designed for individuals with diverse and complex investment needs, wanting a convenient way to build their super savings and transition to a pension. Summit Personal Pension provides members with access to over 270 Diversified and Single Manager options. Access to Direct Shares, ETFs, LICs and Term Deposits is also provided. The Summit Select Diversified Active Balanced option has performed in line with the SuperRatings Index over the 5 years to 30 June 2017.Fees for this product are higher than the industry average across all account balances assessed. A minimum member fee of $396 pa applies to small account balances, while a tiered administration fee scale provides discounts for larger account balances. Further savings can be obtained from family fee aggregation. No exit fees or switching fees are applicable, although changing investment options may incur transaction costs. Adviser commissions are charged as separate costs.An excellent level of pension flexibility is provided. Members can choose from a variety of pension payment frequencies ranging from fortnightly to annually and can also elect payment dates. Furthermore, payments can be set to increase by CPI or a nominated percentage annually. Death cover is also available to pension members.Through North Online, members can obtain investment portfolio information, complete transactions and produce 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.

Fees & fund features

Admin fee
Admin fee
$660
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.85%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$660
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.85%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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