AMP Bank

AMP SignatureSuper Allocated Pension

Past 5-year return
4.02%
Admin fee

$91

Calc fees on 50k

$921

SuperRatings awards
GoldInfinity Recognised
Past 5-year return
4.02%
Admin fee

$91

Calc fees on 50k

$921

SuperRatings awards
GoldInfinity Recognised

Pros and Cons

Pros and Cons

  • Flexible income payments in retirement
  • Dynamic investment menu providing access to over 80 investment options, including a range of multi-manager ethical investment options
  • 24/7 online access via MyAMP

Summary

AMP SignatureSuper was established in 2003 to cater for corporate superannuation plans wanting greater flexibility and tailored features, with the Allocated Pension established in 2007. This product was moved to the Super Directions Fund effective 15 May 2020.Members have access to an extensive investment menu, featuring a wide range of Multi-Sector and Single-Sector options, as well as Term Deposits. The Future Directions Balanced option underperformed the SuperRatings Index over each time period assessed to 30 June 2020.Fees for this product are higher than the industry average across all assessed account balances. However, we note member fees can be tailored to individual employer plans and a large plan discount may apply to reduce the asset administration fee, hence, these ratings are indicative only. No switching fees are charged, although changing investment options may incur transactional costs.This product offers an excellent level of pension flexibility. Members can choose from multiple payment frequencies ranging from fortnightly to annually and can apply for EasyDraw which allows them to make an additional income payment by phone or via the online account without completing a withdrawal form. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions.AMP's website provides members with access to a variety of financial simulators and retirement calculators, as well as a Goals info centre with a wealth of online tools and educational materials. Furthermore, the fund's interactive digital advice tool 'AMP Goals 360' is designed to assist members to plan and track their retirement goals.

Features and Fees

AMP Bank Fees and Features

    Pros and Cons

    • Flexible income payments in retirement
    • Dynamic investment menu providing access to over 80 investment options, including a range of multi-manager ethical investment options
    • 24/7 online access via MyAMP

    AMP SignatureSuper was established in 2003 to cater for corporate superannuation plans wanting greater flexibility and tailored features, with the Allocated Pension established in 2007. This product was moved to the Super Directions Fund effective 15 May 2020.Members have access to an extensive investment menu, featuring a wide range of Multi-Sector and Single-Sector options, as well as Term Deposits. The Future Directions Balanced option underperformed the SuperRatings Index over each time period assessed to 30 June 2020.Fees for this product are higher than the industry average across all assessed account balances. However, we note member fees can be tailored to individual employer plans and a large plan discount may apply to reduce the asset administration fee, hence, these ratings are indicative only. No switching fees are charged, although changing investment options may incur transactional costs.This product offers an excellent level of pension flexibility. Members can choose from multiple payment frequencies ranging from fortnightly to annually and can apply for EasyDraw which allows them to make an additional income payment by phone or via the online account without completing a withdrawal form. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions.AMP's website provides members with access to a variety of financial simulators and retirement calculators, as well as a Goals info centre with a wealth of online tools and educational materials. Furthermore, 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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    AMP Bank Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      BALANCED
      HIGH GROWTH
      CONSERVATIVE BALANCE
      SECURE
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
      + View additional option performance information