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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 January 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $149 $156 -$7
50k $707 $614 $93
100k $1,327 $1,129 $198

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 SignatureSuper - MySuper

Lifecycle investment strategy
Active portfolio management
Insurance available on an opt-in basis or built into employer plan
Educational material provided via AMP@Work
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 4.72%
5.43%
2.44%
2.81%
7.87%
9.60%
Fund
Benchmark
High Growth 6.51%
7.44%
2.24%
0.68%
10.48%
11.66%
Fund
Benchmark
Conservative Balance 3.13%
3.72%
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 SignatureSuper MySuper was established in January 2014 to serve as the default option for SignatureSuper members. As one of the leading funds in responsible investment, AMP SignatureSuper has received a 2017 Infinity Recognised status for the 8th consecutive year.

AMP SignatureSuper MySuper uses a lifecycle investment approach, which reduces the level of growth assets a member is exposed to as they approach retirement. Choice members have access to 80 Diversified, Single-Sector and Single Manager options, as well as Term Deposits. The MySuper 1960s has underperformed the SuperRatings Index over the past two years. Long term returns are currently not available.

Fees associated with this product are rated as average across all account balances assessed. However, we note a MySuper Large Plan Discount (LPD) may apply and reduce the administration fee, hence, these ratings are indicative only. No switching fees are charged, although changing investment options may incur transactional costs. Exit fees are still applicable.

AMP SignatureSuper provides MySuper members with access to Death only, Death & TPD and Income Protection (IP) Insurance. Members can apply for unlimited Death only cover and up to $3 million of Death & TPD cover. IP is offered over a benefit period of 2 years or to age 65, with a choice of 30, 60, 90 or 180 day waiting periods. As premiums are tailored to individual employer plans, 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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