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AMP Bank

Generations Personal Pension

Generations Balanced

Awards

Winner of SuperRatings Silver 2021 MyChoice Super, SuperRatings Silver 2021 Pension

Past 5-year return
7.62

% p.a

Admin fee

$0

Calc fees on 50k

$1k

SuperRatings awards
SuperRatings Silver 2021 MyChoice SuperSuperRatings Silver 2021 Pension
Past 5-year return
7.62

% p.a

Admin fee

$0

Calc fees on 50k

$1k

SuperRatings awards
SuperRatings Silver 2021 MyChoice SuperSuperRatings Silver 2021 Pension

Quick pension fund review

For Generations Personal Pension

These are the benefits of this pension fund.

  • Access to a broad range of investment options - multi-manager diversified and sector and single manager and wholesale managed funds.
  • Access to portfolio profiles via North Online with the ability to complete transaction and produce consolidated reports for all investments at any time.
  • No charge to switch investment options.

Established in 2004, Generations Personal Pension turns super savings into a regular income stream in retirement. It is part of the Wealth Personal Superannuation and Pension Fund and is administered by North.Generations Personal Pension provides members with access to 34 multi-manager and single-manager investment options. The Generations 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 across all account balances assessed; however, management fee rebates are applicable on each investment option. No switching fees are charged, although a buy/sell spread and transaction fees may apply.An excellent level of pension flexibility is provided. Members can choose from a variety of pension payment frequencies ranging from fortnightly to annually and can also elect payment dates. Furthermore, payments can be set to increase by CPI or a nominated percentage annually. Death cover is also available to pension members. Beneficiary options include non-binding and binding nominations, non-lapsing binding death nominations, as well as reversionary pensions.Members can monitor and produce reports on all investments through North Online. Additional benefits available through AMP's website include access to a variety of financial simulators and retirement calculators, as well as a Goals info centre, which provides members with a wealth of educational materials, tools and online learning. 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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Pension fund overview

For Generations Personal Pension

TMD

    Target Market Determination

    Visit AMP Bank to view Target Market Determination.

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    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
    GROWTH
    AUSTRALIAN SHARES
    INTERNATIONAL SHARES
    CAPITAL STABLE
    + View additional option performance information