Established in 1999 by Super Directions Fund, Retirement Directions Allocated Pension has been closed to new members since 2009.The investment menu of Retirement Directions Allocated Pension offers a range of 12 Single- Sector and Diversified investment strategies, as well as a Single Manager option. Members can invest in up to a maximum of six investment portfolios. The Multi-Manager Balanced option underperformed the SuperRatings Index over each time period assessed to 30 June 2020.Fees associated with this product are higher than the industry average on all account balances assessed. While contribution fees and adviser commissions may be applicable, members seeking to switch investment options are also subject to a fee of 2% of the amount switched from the seventh switch each financial year.This product offers a reasonable level of pension flexibility, allowing members to elect their pension payment start date and have payments automatically increase annually in-line with CPI or by a nominated percentage. Members can receive their pension payments as frequently as monthly and have the ability to nominate a fixed dollar or fixed percentage pension drawdown order. Pension payment details can also be altered at any time. 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. Members can also manage their superannuation accounts via MyPortfolio. Access to financial advice is also provided to members.

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