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AMP Bank

WealthView eWRAP Pension Account

AMP Capital Balanced Growth Fund - Wholesale

Awards

Winner of SuperRatings Other 2022 Pension

Past 5-year return
9.31

% p.a

Admin fee

$1.1k

Calc fees on 50k

$1.5k

SuperRatings awards
SuperRatings Other 2022 Pension
Past 5-year return
9.31

% p.a

Admin fee

$1.1k

Calc fees on 50k

$1.5k

SuperRatings awards
SuperRatings Other 2022 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, including over 330 multi-sector and single-sector managed funds, managed portfolios, as well as Direct Shares listed on ASX, ETFs, LICs and Term Deposits. The AMP Capital Balanced Growth Fund - Wholesale option outperformed the SuperRatings Index over the 1- and 3-year periods to 30 June 2021; however, underperformed over the longer term. 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.A limited level of pension flexibility is offered, with members able to select from 3 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. Members can monitor and produce reports on all investments and access the latest product information and news through North Online. The fund further allows members to manage their banking, insurance, investments and super accounts all from one place from My AMP online or via the AMP app.

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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
    HIGH GROWTH
    CONSERVATIVE BALANCE
    DIVERSIFIED FIXED INTEREST
    GROWTH
    AUSTRALIAN SHARES
    INTERNATIONAL SHARES
    + View additional option performance information