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Simple Super

Past 5-year return
New fund
Admin fee
$85
Calculated Fees on 50k
$665
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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.
Simple Super was established in 1999 as a corporate superannuation product, catering to employer groups. It has been closed to new employer plans, while remaining open to new members of existing schemes. Simple Super offers a range of 15 Single-Sector and Diversified investment strategies. Members can choose to invest in a maximum of 5 portfolios The Multi-Manager Balanced option underperformed the SuperRatings Index over the 5 years to 30 June 2018. Fees associated with this product are higher than the industry average across all account balances assessed. As member fee and administration fee discounts may apply depending on the size of an employer plan and a member's account balance, our ratings are indicative only. Exit fees are also charged for partial and full withdrawals.Simple Super provides members with access to basic Death and TPD insurance cover with limited flexibility. Default insurance cover is provided automatically to employee members upon joining, with the level of cover set by the employer. Income Protection (IP) insurance is offered over a 2 year benefit payment period, covering up to $20,000 a month or 75% of salary, with a 90 day waiting period. 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 can manage their superannuation on desktops or mobile devices via MyPortfolio. Access to financial advice is also provided to members. Members who cease employment with their participating employer will be transferred to the Super Directions for Business Rollover Plan.
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Fees & fund features

Admin fee
Admin fee
$85
Administration fee (%)
Administration fee (%)
0.18%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.13%
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
0.85%
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
$85
Administration fee (%)
Administration fee (%)
0.18%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.13%
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
0.85%
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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