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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.

  • MySuper Gold
  • Infinity Recognised
Awards
Fund data valid as of December 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $136 $154 -$18
50k $428 $620 -$192
100k $753 $1,143 -$390

Investment Allocation

Intl shares 32.0%
Aus shares 28.0%
Property 6.0%
Alternative 6.0%
Fixed interest 23.0%
Cash 5.0%

Fees & Charges

Administration Fee ($) $103
Administration Fee (%) 0.50%
Investment Fee 0.15%
Switching Fee $0
Exit Fee $36.90
Account Size Discount No
Employer Size Discount No

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 2014
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by AMP MySuper Balanced

Diversified balanced investment option
One consolidated statement for super and pension accounts
Online straight through processing on investment unit 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 5.07%
5.52%
2.68%
2.81%
8.55%
9.60%
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

AMP MySuper Balanced was established in January 2014 and forms the MySuper offering for AMP Flexible Super Core, Select and Choice packages. As one of the leading funds in responsible investments, AMP Flexible Super has received a 2017 Infinity Recognised status for the 8th consecutive year.

The MySuper Balanced investment strategy is actively managed and provides members with exposure to a wide range of asset classes. For members wishing to make investment choices, AMP Flexible Super Choice Package provides access to over 70 investment options. AMP MySuper Balanced option has under-performed the SuperRatings Index over the past two years. Long term returns are currently not available.

Fees for this product are lower than the industry average across all assessed account balances. No switching fees are charged, although changing investment options may incur transactional costs. However, exit fees apply for partial and full withdrawals.

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 insurance and unlimited Death only cover. Income Protection insurance is available over a 2 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 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.