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AMP Bank

MyNorth AP - Choice

North Guardian Max 85

Awards

Winner of SuperRatings Gold 2021 Pension

Past 5-year return
8.01

% p.a

Admin fee

$91

Calc fees on 50k

$701

SuperRatings awards
SuperRatings Gold 2021 Pension
Past 5-year return
8.01

% p.a

Admin fee

$91

Calc fees on 50k

$701

SuperRatings awards
SuperRatings Gold 2021 Pension

Quick pension fund review

For MyNorth AP - Choice

These are the benefits of this pension fund.

  • Choice of over 450 underlying investments
  • MyNorth is flexible and open-ended which allows contributionsand withdrawals, as well as transition to retirement pensions
  • Easy-to-use online website to check investments, makecontributions and update details

Launched in February 2016, MyNorth is an innovative all-in-one super and investment solution allowing members to easily move to a pension account upon retirement, with the option of capital guarantee to protect their super savings.The MyNorth Choice menu offers an extensive list of multi-manager and single manager funds, managed portfolios, as well as access to direct equities, ETFs, ETCs, LICs, LITs and AREITs. The North Guardian Max 85 option underperformed the SuperRatings Index over each time period assessed to 30 June 2020.Fees for this product are lower than the industry average across all assessed account balances, with the total administration fee capped at $2,800 pa. Further fee savings can be obtained through individual or family fee aggregation. No switching fees are charged, although a buy/sell spread and transaction fees may apply. A higher administration fee is applicable, compared to members invest in the Core and Select menus. An excellent level of pension flexibility is provided. Members have the ability to receive their pension payments in a variety of frequencies ranging from fortnightly to annually and can also elect anypayment dates. Payments can also be set to increase automatically by CPI or a nominated percentage annually. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions and non-lapsing binding nominations.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 MyNorth AP - Choice

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    Target Market Determination

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    Fund fees vs. Industry average
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    INDUSTRY AVERAGE
    Fund past-5-year return vs. Industry average
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    INDUSTRY AVERAGE
    Investment allocation
    INTERNATIONAL SHARES
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    ALTERNATIVES
    FIXED INTEREST
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    Investment option performance
    BALANCED
    CONSERVATIVE BALANCE
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