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North Pension

Past 5-year return
8.54%
Admin fee
$91
Calculated Fees on 50k
$516
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Guaranteed income stream for life
North 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
Growth locked in annually and Bi-annually
North is a full service wrap platform which was launched in 2007. It is designed for individuals looking for greater flexibility, choice or advisor involvement in managing their wealth. North Pension has been closed to new members since March 2016.Members have access to a wide range of Diversified and Single Manager investment strategies, Direct Equities, ETFs, LICs and Term Deposits. The North Index Balanced option underperformed the SuperRatings Index over the 5 years to 30 June 2019.Fees for this product are lower than the industry average across all assessed account balances (we note the ratings assume administration fee discounts are applied). Further savings can be obtained through individual or family fee aggregation. No switching fees are applicable, although transactional costs may be incurred when changing investment options. An excellent level of pension flexibility is provided. Members have the ability to select a pension payment date and can receive their pension payments in a variety of frequencies ranging from fortnightly to annually. 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. 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 track their retirement goals.
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Fees & fund features

Admin fee
Admin fee
$91
Administration fee (%)
Administration fee (%)
0.40%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.00%
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
0.45%
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 (%)
0.40%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.00%
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
0.45%
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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Calculated Fees on 50k
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