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AMP Bank

WealthView eWRAP Pension Account

AMP Capital Balanced Growth Fund - Wholesale

Awards

Winner of SuperRatings Other 2021 Pension

Past 5-year return
8.75

% p.a

Admin fee

$1.1k

Calc fees on 50k

$1.5k

SuperRatings awards
SuperRatings Other 2021 Pension
Past 5-year return
8.75

% p.a

Admin fee

$1.1k

Calc fees on 50k

$1.5k

SuperRatings awards
SuperRatings Other 2021 Pension

Quick pension fund review

For WealthView eWRAP Pension Account

These are the benefits of this pension fund.

  • No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS

Launched in 2003 by AMP Financial Planning Pty Limited, WealthView eWRAP Pension is an all-in-one investment vehicle, with the aim to provide sophisticated retirement and investment services to high net worth investors. It has been closed to new members since October 2016.An extensive range of investment options are offered, giving members a high level of choice including over 300 managed funds, listed securities, Listed Investment Companies and ETFs, as well as Term Deposits. The AMP Capital Balanced Growth Fund - Wholesale option outperformed the SuperRatings Index over the 3 years to 30 June 2020; however, unperformed over other assessed time periods. Fees associated with this product are higher than the industry average across all account balances assessed. A high minimum administration fee of $1,128 pa is payable on account balances under $100,000. However, the percentage administration fee reduces on a sliding scale, which benefits members with larger account balances. Members may choose to pay their financial adviser either a one-off flat dollar fee or an ongoing fee for the advice received about their account. Contribution fees also apply and can be negotiated with the financial adviser.This product provides members with limited flexibility, including three payment frequencies, monthly, quarterly and annually. Members’ pension payments are funded from the Cash Account, with a top-up process selling down managed investments using either the Priority sell method or the Default sell method. Members are able nominate the Priority sell order for their managed investments. A choice of binding, non-binding lump sum death benefit nomination or reversionary pension is also provided. 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. Members are also provided with consolidated reporting and can manage their portfolio via Investor Online at any time.

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Pension fund overview

For WealthView eWRAP Pension Account

TMD

    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
    DIVERSIFIED FIXED INTEREST
    AUSTRALIAN SHARES
    INTERNATIONAL SHARES
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