AMP SDF MySuperInformation shown is for the balanced option.
What the Researchers Say:
An OTHER rated fund usually has average or below average features and/or performance across a number of assessment areas. These funds frequently have many competitors that offer superior performance and structures in a more efficient environment.
You should contact your financial adviser and/or this fund directly before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$87|
|Administration Fee (%)||0.73%|
|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 SDF MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||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 30/06/2016, 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.
Percentage of Growth Assets
What the researchers say
Established in January 2014, AMP SDF MySuper is the MySuper offering for Super Directions for Business, Super Directions for Business Rollover Section, Tailored Super & Simple Super products.
The AMP SDF MySuper investment strategy uses a lifecycle investment approach, which is designed to reduce the level of growth assets in the actively managed portfolio as a member approaches retirement. The MySuper 1960s has underperformed the SuperRatings Index over the last two years. Long term returns are currently not available. For members wishing to exercise investment choice, a wide range of investment options are available in the Super Direction offerings.
Fees associated with this product are lower than the industry average on small account balances, however become more expensive compared to an average fund???s fees across medium to large account balances assessed. Exit fees also apply for partial and full withdrawals.
The assessment of insurance covers and costs assumes the use of the Super Directions for Business insurance offering, which provides access to Death only, Death & TPD and Income Protection (IP) insurance. Members can apply for up to $5 million of Death only cover and $2 million of Death & TPD cover. Income Protection insurance is offered over a 2 year or to age 65 benefit period, covering 75% of a member's salary up to $20,000 per month, with a waiting period of 30, 60 or 90 days. As insurance can be tailored for sub-plans, these ratings are indicative only.
AMP's website contains a variety of financial simulators and retirement calculators, as well as a Q& info centre, which provides members with a wealth of educational materials, tools and online learning. Members can manage their superannuation on desktops or mobile devices via MyPortfolio. Access to financial advice is also provided to members.