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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 October 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $181 $154 $27
50k $491 $623 -$132
100k $836 $1,150 -$314

Investment Allocation

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

Fees & Charges

Administration Fee ($) $146
Administration Fee (%) 0.54%
Investment Fee 0.15%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
Employer Size Discount Yes

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 262,852
Total Assets $16,587,201,292
Year Started 2010
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by AMP Flexible Super - Choice - Super Easy Balanced

A wide range of over 70 investment options plus Term Deposits
One consolidated statement for super and pension accounts
Online straight through processing on investment switches 24/7
Pension Refresh Facility
Online access to My Portfolio with regular reporting functionality

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 0.54%
2.31%
2.79%
2.81%
10.45%
9.60%
12.24%
12.66%
16.11%
14.73%
1.08%
0.45%
Fund
Benchmark
High Growth 0.74%
2.89%
1.69%
0.68%
13.47%
11.66%
16.17%
15.76%
23.17%
20.40%
-1.71%
-3.15%
Fund
Benchmark
Conservative Balance 0.06%
1.60%
3.32%
2.82%
9.06%
7.28%
9.94%
9.64%
11.87%
11.26%
2.73%
1.87%
Fund
Benchmark
Growth 0.46%
2.37%
2.11%
2.10%
12.18%
10.71%
13.95%
14.01%
18.98%
17.11%
0.02%
-0.95%
Fund
Benchmark
Australian Shares 3.68%
3.15%
-0.34%
1.50%
5.28%
5.70%
15.09%
16.77%
20.48%
21.07%
-5.63%
-6.15%
Fund
Benchmark
Overseas Shares 1.16%
2.29%
-0.40%
-2.30%
22.39%
19.16%
18.19%
17.63%
28.26%
26.14%
-3.30%
-2.45%
Fund
Benchmark
Capital Stable -0.25%
1.27%
3.22%
3.36%
7.14%
5.66%
7.52%
7.34%
7.91%
8.29%
4.21%
4.06%
Fund
Benchmark
Property -3.15%
1.16%
5.72%
12.55%
14.89%
10.78%
11.41%
9.09%
12.19%
10.99%
3.40%
7.12%
Fund
Benchmark
Cash 1.64%
0.58%
1.80%
1.90%
1.90%
2.25%
2.40%
2.42%
3.50%
2.94%
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

Launched in May 2009, AMP Flexible Super is designed to be a simple and low-cost superannuation product. As one of the leading funds in responsible investment, AMP Flexible Super has received a 2017 Infinity Recognised status for the 8th consecutive year. The Choice Package provides members with access to greater investment choice and comprehensive insurance cover.

The investment menu of this product features over 70 Diversified, Single-Sector and Single Manager investment options which include a Lifecycle Active investment strategy. Access to Term Deposits is also provided. The Super Easy Balanced option has outperformed the SuperRatings Index over the five years to 30 June 2016.

Fees for this product are lower than the industry average across all account balances assessed. A higher member fee applies for Choice members, however no switching or exit fees are charged, although changing investment options may incur transactional costs. Also, members with account balances greater than $100,000 may be eligible for rebates on Premium investment options.

Basic insurance cover (Essential Protection) is automatically provided with up to $250,000 of Death & TPD cover. Additional cover (Super Protection) is also available allowing members to apply for up to $5 million of Death & TPD cover. Income Protection is available over 2 year or to age 65 benefit periods, with a choice of a variety of waiting periods from 30 to 720 days.

AMP's website contains a variety of financial simulators and retirement calculators, as well as a Q&AMP info centre, which provides members with a wealth of educational materials, tools and online learning. Furthermore, the fund's interactive digital advice tool 'AMP Goals 360' helps members to plan and keep on track of their retirement goals.


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