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AMP Flexible Super (Core Package)

Past 5-year return
9.64%
Admin fee
$89
Calculated Fees on 50k
$494
Simple investment offering
One consolidated statement for super and pension accounts
Ability for customers to receive all communications electronically
One single member fee across super and pension accounts
Family linking offered (includes linking to members of an employer plan to get the employer size discounts)
No built-in commissions
Facility to upgrade investment or insurance packages at any time
Launched in May 2009, AMP Flexible Super is designed to be a simple and low-cost superannuation product suitable for members wanting their super to move with them through to retirement.The Core Package offers simple investment choice, providing members with 4 Diversified investment options, a Lifecycle Active investment strategy and a Cash option. Members can access over 70 investment options by upgrading to the Choice Package. The Super Easy Balanced option has underperformed the SuperRatings Index over the five years to 30 June 2017. Fees for this product are lower than the industry average across all assessed account balances. No switching or exit fees are charged, although changing investment options may incur transactional costs. Compared to members in the Select and Choice Packages, Core members enjoy a reduced member fee. 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 and unlimited Death only cover. Income Protection insurance is available over a 2 year, 5 year or to age 65 benefit period, with a choice of a variety of waiting periods ranging from 30 to 720 days. AMP's website contains a variety of financial simulators and retirement calculators, as well as a Goals info centre with a wealth of online tools and educational materials. The fund's interactive digital advice tool 'AMP Goals 360' is designed to assist members to plan and track their retirement goals.

Fees & fund features

Admin fee
Admin fee
$89
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
0.15%
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
$89
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
0.15%
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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