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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 June 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $148 $157 -$9
50k $706 $631 $75
100k $1,326 $1,164 $162

Investment Allocation

Intl shares 20.0%
Aus shares 23.0%
Property 7.0%
Alternative 17.0%
Fixed interest 26.0%
Cash 7.0%

Fees & Charges

Administration Fee ($) $86
Administration Fee (%) 0.64%
Investment Fee 0.60%
Switching Fee $0
Exit Fee $36.45
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 $53,718,067,000
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 the 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 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.44%
2.81%
2.44%
2.81%
7.87%
9.60%
Fund
Benchmark
High Growth 1.94%
0.68%
1.94%
0.68%
10.95%
11.66%
Fund
Benchmark
Conservative Balance 2.05%
2.82%
2.05%
2.82%
6.35%
7.28%
Fund
Benchmark
Capital Stable 1.82%
3.36%
1.82%
3.36%
6.10%
5.66%
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 30/06/2015, 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.

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 on the 1st of January 2014 to serve as the default option for SignatureSuper members.

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. Access to Term Deposits is also provided. The AMP SignatureSuper MySuper 1960s under-performed the SuperRatings Index in 2015. Long term returns are currently not available.

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

AMP SignatureSuper provides members with access to Death only, Death & TPD and Income Protection (IP) Insurance. As premiums are tailored to individual employer plans, our ratings are indicative only. Members can apply for an unlimited amount of 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.

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.


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