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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.

  • MySuper Other
Awards
Fund data valid as of November 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $154 $154 $0
50k $752 $619 $133
100k $1,417 $1,143 $274

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 (%) 0.73%
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 367,521
Total Assets $3,867,495,000
Year Started 2014
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-MySuper

Fund Highlights - provided by AMP SDF MySuper

No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 3.56%
3.36%
0.77%
2.81%
8.27%
9.60%
Fund
Benchmark
High Growth 5.09%
4.97%
-0.07%
0.68%
10.89%
11.66%
Fund
Benchmark
Conservative Balance 2.51%
2.24%
0.74%
2.82%
6.67%
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 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&AMP 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.


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