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MyNorth Pension

Past 5-year return
New fund
Admin fee
$91
Calculated Fees on 50k
$366
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Guaranteed income stream for life
Choice of over 410 underlying investments (3 with a guarantee)
MyNorth is flexible and open-ended which allows contributions and withdrawals, as well as transition to retirement pensions
Easy-to-use online website to check investments, make contributions 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.MyNorth Pension offers three levels of investment menus (Core, Select and Choice), with access to over 410 Diversified and Single Manager investment strategies, as well as 3 guaranteed investment options. Access to Direct Equities, ETFs, ETCs, LICs, LITs, AREITs and Term Deposits is also provided. The MyNorth Index Balanced option underperformed the SuperRatings Index over the year to 30 June 2018.The fee structure for this product is highly flexible, with the asset administration fee linked to the level of investment menu selected by members and applied to the total portfolio value. Our ratings assume Core investment options are selected. Further fee savings can be obtained through individual or family fee aggregation. 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 any payment dates. Payments can also be set to increase automatically by CPI or a nominated percentage annually. Furthermore, Death cover is available for pension members.Members can monitor and report on all investments through North Online. Further, AMP's website contains 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 keep on track of their retirement goals.
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Fees & fund features

Admin fee
Admin fee
$91
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
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
0.55%
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
$91
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
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
0.55%
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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