AMG Super - MySuperInformation shown is for the balanced option.
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 adviser or this fund before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$65|
|Administration Fee (%)||0.00%|
|Account Size Discount||Yes|
|Employer Size Discount||No|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Target Market||All industries|
|Offered to Public?||Yes|
|Fund Type||Master Trust-MySuper|
Fund Highlights - provided by AMG Super - MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2015||FY 2014||FY 2013||FY 2012||FY 2011||Comparison|
- 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.
Percentage of Growth Assets
What the researchers say
AMG Super is a boutique, public offer superannuation fund that was established in 2000 from a joint venture between DDH Graham and Pension Investment Limited.
The fund's default MySuper option aims to achieve a net investment return of 3% above the CPI index. The default MySuper option has underperformed the SuperRatings Index over the shorter term. An extensive investment menu is also offered to Choice members, with a further 11 core options available, plus access to over 50 Single Manager options and Direct Equities.
Fees are higher than the industry average across medium and large account balances assessed. No fees are charged for switching investments, contributions, or establishing an account, however a $50 withdrawal fee is applicable.
Members are provided with a full insurance suite offering. Voluntary TPD insurance is offered up to $3 million and Death only cover is unlimited. Income Protection (IP) insurance provides cover up to a maximum of 85% of salary (subject to a maximum benefit of $25,000 per month) with 3 waiting periods and a 2 year or to age 65 benefit period. An eligible employer sponsored member can automatically receive either 'Basic Cover' (Death and TPD cover) or 'Employer Plan Cover' (Death only, TPD, and IP cover) up to an Automatic Acceptance Limit, and may also apply for voluntary or additional insurance cover in excess of the automatic insurance cover.
Members have access to account details online and financial planning services are available.