AMP Flexible Super Retirement (Select Package)

Launched in May 2010, AMP Flexible Super Retirement is designed to be a simple and low-cost retirement solution. It has achieved its 8th consecutive Platinum rating in recognition of its competitiveness across our key assessment criteria. The Select package provides members with additional features such as greater investment choices compared to its Core product.Members have access to 10 Diversified investment strategies which include a AMP Retirement Choice option specific for pension members, and a Cash option. Over 70 investment options can also be accessed by upgrading to the Choice Package. The Super Easy Balanced option has underperformed the SuperRatings Index over the short and long term.Fees associated with this product are lower than the industry average across all assessed account balances. No switching or exit fees are charged, although changing investment options may incur transactional costs. A higher member fee is applicable compared to Core Package.The product provides members with an excellent level of flexibility. Members can choose from multiple payment frequencies ranging from fortnightly to annually, and can also nominate a specific drawdown order and elect any dates for pension payments. A Pension Refresh Facility offers members a quick and easy way to rebalance between their super and retirement accounts.AMP's website contains a variety of financial simulators and retirement calculators, as well as a Goals info centre with a wealth of online tools and educational materials available. The fund's interactive digital advice tool 'AMP Goals 360' is designed to assist members to plan and track their retirement goals.