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AMP Flexible Lifetime - MySuper

Past 5-year return
6.21%
Admin fee
$91
Calculated Fees on 50k
$576
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Lifecycle investment strategy
Active portfolio management
Insurance available on an opt-in basis or built into employer plans
Online member access via My Portfolio with regular reporting functionality
AMP Flexible Lifetime MySuper was established in January 2014 and serves as the default option for AMP Flexible Lifetime members. AMP is Infinity Recognised, which is a result of its strong commitment to environmental and social principles.AMP Flexible Lifetime MySuper uses a life-cycle investment approach, which reduces the level of growth assets a member is exposed to as they approach retirement. The MySuper 1960s option underperformed the SuperRatings Index over the 3 years to 30 June 2018. Choice members have access to a wide range of Diversified, Single-Sector and Single Manager options, as well as Term Deposits. Fees are lower than the industry average across all assessed account balances, with MySuper members receiving reduced administration fees compared to Choice members. No switching fees are charged, although changing investment options may incur transactional costs. Exit fees are payable for full and partial withdrawals. A full suite of insurance cover is offered. Members can apply for unlimited Death cover and up to $5 million of Death & TPD insurance. Income Protection insurance is available over a 2 year or to age 65 benefit period, with a choice of a variety of waiting periods ranging from 30 to 720 days. Premiums are tailored on an individual basis, therefore premium rates provided here are indicative only. 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 material, tools and online learning. 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 (%)
0.29%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.36%
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
0.32%
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 (%)
0.29%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.36%
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
0.32%
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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