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What the Researchers Say:

A "reasonable value for money" superannuation 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.

  • MySuper Silver
  • Infinity Recognised
Awards
Fund data valid as of November 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $149 $154 -$5
50k $707 $619 $88
100k $1,327 $1,143 $184

Investment Allocation

Intl shares 24.0%
Aus shares 23.0%
Property 7.0%
Alternative 18.0%
Fixed interest 23.0%
Cash 5.0%

Fees & Charges

Administration Fee ($) $87
Administration Fee (%) 0.64%
Investment Fee 0.60%
Switching Fee $0
Exit Fee $36.90
Account Size Discount No
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 2,144,697
Total Assets $52,757,197,000
Year Started 2014
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by AMP CustomSuper - MySuper

Lifecycle investment strategy
Active portfolio management
Insurance available on an opt-in basis or built into the employer plan
Online member access via My Portfolio

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 2.78%
3.36%
2.44%
2.81%
7.87%
9.60%
Fund
Benchmark
High Growth 4.19%
4.97%
2.02%
0.68%
10.87%
11.66%
Fund
Benchmark
Conservative Balance 1.65%
2.24%
2.05%
2.82%
6.35%
7.28%
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

Established in 1993 to cater for large employer groups, AMP CustomSuper has been closed to new employer plans. AMP CustomSuper - MySuper was introduced in January 2014.

The AMP CustomSuper - MySuper uses a lifecycle investment approach, which is designed to reduce the level of growth assets members are exposed to as they approach retirement. The MySuper 1960s option has underperformed the SuperRatings Index over the last two years. Long term returns are currently not available. Choice members have access to over 70 Multi-Manager and Single Manager investment options. Access to Lifestage investment strategies and Term Deposits is also provided.

Fees associated with this product are higher than the industry average across medium and large account balances assessed. However, discounted MySuper Administration Fees may be negotiated by an employer plan. No switching fees are charged, although changing investment options may incur transaction costs. However, exit fees apply for partial and full withdrawals.

AMP CustomSuper provides members with access to Death only, Death & TPD and Income Protection (IP) cover. Members can apply for up to $3 million of Death & TPD cover, or increase their existing cover upon the occurrence of certain life events without medical evidence. IP is available over a 2 year or to age 65 benefit period, with a choice of 30, 60, 90 and 180 day waiting periods. As premiums are tailored to individual employer plans, our assessments are indicative only.

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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