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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 advisor or this fund before making an investment decision.

  • MySuper Silver
  • Infinity Recognised
Awards
Fund data valid as of March 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $149 $180 -$31
50k $707 $602 $105
100k $1,327 $1,106 $221

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 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 2,023,686
Total Assets $52,757,198,000
Year Started 2014
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by AMP Flexible Lifetime - MySuper

Lifecycle investment strategy
Active portfolio management
Insurance available on an opt-in basis or built into employer plans
Online member access via 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 6.88%
8.31%
2.44%
2.81%
7.87%
9.60%
Fund
Benchmark
High Growth 9.86%
11.46%
1.94%
0.68%
10.95%
11.66%
Fund
Benchmark
Conservative Balance 5.20%
5.45%
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

AMP Flexible Lifetime MySuper was established in January 2014 and serves as the default option for AMP Flexible Lifetime members. As one of the leading funds in responsible investment, AMP Flexible Lifetime has received a 2017 Infinity Recognised status for the 8th consecutive year.

AMP Flexible Lifetime MySuper uses a life-cycle investment approach, which reduces the level of growth assets a member is exposed to as they approach retirement. Choice members have access to over 60 Diversified, Single-Sector and Single Manager options, as well as Term Deposits. The MySuper 1960s option has under-performed the SuperRatings Index over the past two years. Long-term returns are currently not available.

Fees for this product are higher than the industry average across medium and large account balances assessed, while MySuper members receive a reduced Member fee compared to Choice members. No switching fees are charged, although changing investment options may incur transactional costs. Exit fees are payable for full and partial withdrawals.

AMP Flexible Lifetime MySuper provides members with Death only, Death & TPD and Income Protection (IP) insurance. Members can apply for unlimited Death only cover and up to $5 million of Death & TPD insurance. IP 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. As premiums can be tailored to individuals, our ratings 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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