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AMP Flexible Lifetime - Allocated Pension

Past 5-year return
6.90%
Admin fee
$110
Calculated Fees on 50k
$1,290
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A wide range of over 60 investment options from leading Australian and International investment managers plus Term Deposits on the menu
Pension refresh facility & super consolidation account
Fee rebates available on large account balances
Auto-rebalancing facility to smooth fluctuations in investment allocation
Minimum initial investment of $20,000 required to commence a pension
Online access to My Portfolio with regular reporting functionality
Established in 2003, AMP Flexible Lifetime Allocated Pension has been closed to new members since July 2010. AMP is Infinity Recognised, which is a result of its strong commitment to environmental and social principles.Members have access to a wide range of Diversified, Single-Sector and Single Manager options, as well as Term Deposits. The AMP Balanced Growth option has underperformed the SuperRatings Index over the short and long term. Fees are higher than the industry average across all assessed account balances. However, rebates are available to members with account balances over $100,000, resulting in fee reductions of up to 0.85% p.a. for account balances greater than $1 million. Furthermore, no exit or switching fees are charged, although changing investment options may incur transaction costs. This product provides members with an excellent level of flexibility. Members can choose from multiple payment frequencies ranging from fortnightly to annually and elect any dates for pension payments. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. 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 material. The fund's interactive digital advice tool 'AMP Goals 360' is designed to assist members to plan and track their retirement goals.
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Fees & fund features

Admin fee
Admin fee
$110
Administration fee (%)
Administration fee (%)
1.40%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.35%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.61%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$110
Administration fee (%)
Administration fee (%)
1.40%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.35%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.61%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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Calculated Fees on 50k
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