AMP MySuper BalancedInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$102|
|Administration Fee (%)||0.50%|
|Account Size Discount||No|
|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 AMP MySuper Balanced
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
AMP MySuper Balanced was established on 1st January 2014 and forms the MySuper offering for AMP Flexible Super Core, Select and Choice Packages.
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 80 investment options. AMP MySuper Balanced option under-performed the SuperRatings Index in 2015. Long term returns are currently not available.
Fees associated with this product are rated as average for small account balances, and excellent for assessed medium and large account balances. No switching fees are charged, although changing investment options may incur transactional costs. An exit fee applies for partial and full withdrawals.
Basic insurance cover (Essential Protection) is automatically provided and limits the amount of Death & TPD cover to $250 000. However, additional cover (Super Protection) is available allowing members to apply for up to $5 million of Death & TPD cover, and an unlimited amount of Death only cover. Income Protection insurance is available with 2 year and to age 65 benefit periods.
With improved navigation, AMP's new look website contains a variety of financial simulators and retirement calculators, and a regularly updated 'News and Insights' Centre to keep members informed with market movements and investing know-how. Members can also manage their superannuation on desktops, tablets and their mobile phones via MyPortfolio.