AMG Super - Account Based Pension
$65
$680
$65
$680
$117
$422
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Pros and Cons
Pros and Cons
- 5 managed and 6 sector specific options as well as over 50 managed funds at wholesale rates.
- Direct access to direct equities for members.
- Same fee structure as the employer and personal products but no tax rebate available.
- Online access to all transactions and investment performance.
- Access to all the same benefits (except insurance) as offered through the employer and personal products.
Summary
AMG Super was established to service the retirement needs of members from a wide range of industries. The fund is a public offer fund and allows members from all industries to apply for membership. The Account Based Pension requires a minimum initial investment of $20,000 to commence membership.AMG Super offers an investment menu of 5 diversified options, 6 single sector options, as well as access Direct Shares, ETFs, LICs, Managed Funds, IPOs and Term Deposits. Cumulatively, members have access to more than 80 managed funds. The Balanced option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are lower than the industry average across all account balances assessed. The administration fee is tiered and will reduce further for account balances greater than $250,001. The fund does not charge switching fees, although a buy-sell spread may apply.AMG Super Account Based Pension offers reasonable pension flexibility, with members able to select from monthly, quarterly, half-yearly and yearly payment frequencies. Members may also select from binding and non-binding death nominations, as well as reversionary pensions.The fund provides both members with account information, investment trading facilities and interactive portfolio performance history tools. Authorised advisers may also use a range of innovative administrative and investment tools through the Adviser Content Hub.
Features and Fees
AMG Super Fees and Features
Pros and Cons
- 5 managed and 6 sector specific options as well as over 50 managed funds at wholesale rates.
- Direct access to direct equities for members.
- Same fee structure as the employer and personal products but no tax rebate available.
- Online access to all transactions and investment performance.
- Access to all the same benefits (except insurance) as offered through the employer and personal products.
AMG Super was established to service the retirement needs of members from a wide range of industries. The fund is a public offer fund and allows members from all industries to apply for membership. The Account Based Pension requires a minimum initial investment of $20,000 to commence membership.AMG Super offers an investment menu of 5 diversified options, 6 single sector options, as well as access Direct Shares, ETFs, LICs, Managed Funds, IPOs and Term Deposits. Cumulatively, members have access to more than 80 managed funds. The Balanced option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are lower than the industry average across all account balances assessed. The administration fee is tiered and will reduce further for account balances greater than $250,001. The fund does not charge switching fees, although a buy-sell spread may apply.AMG Super Account Based Pension offers reasonable pension flexibility, with members able to select from monthly, quarterly, half-yearly and yearly payment frequencies. Members may also select from binding and non-binding death nominations, as well as reversionary pensions.The fund provides both members with account information, investment trading facilities and interactive portfolio performance history tools. Authorised advisers may also use a range of innovative administrative and investment tools through the Adviser Content Hub.
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AMG Super Fees and Features
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
Product | Past 5-year return | Admin fee | Company | Calc fees on 50k | Features | SuperRatings awards | Go to site | ||
|---|---|---|---|---|---|---|---|---|---|
4.40% | $65 | Promoted | $680 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | More details | Highlighted | |||
New | $100 | Promoted | $710 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | More details |
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