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AMP Super performance and fees
When joining the fund you'll be placed in the AMP MySuper Lifestage option for your age group. You can switch to another investment option at any time.
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The information in the table is based on data provided by Zenith CW Pty Ltd, ABN 20 639 121 403 (Chant West) unless indicated otherwise.
*Past performance data is for period ending June 2023 and fee data is updated monthly.
Key features of AMP Super
Default insurance options. Eligible members will get default insurance cover when joining the fund with no medical exams.
MySuper product. The AMP MySuper Lifestage investment option is the default investment option for all members when joining the fund, unless you choose otherwise. It invests your super in line with your age.
Pre-mixed investment options. Members can choose between a range of different pre-mixed investment options that each have a different risk level and asset allocation.
AMP Super pre-mixed investment options
Members can choose between different diversified investment options depending on the level of risk you want to take on. If you don't make an investment choice, you'll be placed in the MySuper Lifestage option, which is the default MySuper investment product designed to suit most members.
Investment option
Risk level
Conservative
The Conservative options have the lowest level of investment risk and invest largely in fixed interest and cash. They're designed for members looking to protect their balance, with some growth over the medium term.
You can choose between:
Conservative Index
Future Directions Conservative
Low to Medium
Moderately Conservative
These options have a more even balance between growth and defensive assets compared to the Conservative option. It's designed for members who aren't comfortable taking on too much risk and who wish to avoid market fluctuations in the short term, while still gaining some level of capital growth.
Moderately Conservative Index
Future Directions Moderately Conservative
Medium
Balanced
These options have more allocation to growth assets, with about two thirds of your balance invested in growth assets. These options sit in the middle, and are designed to suit most members. There's an ethical option in this group, too.
Balanced Index
Future Directions Balanced
Pendal Sustainable Balanced
High
AMP MySuper Lifestages investment option
This is the default investment option, and it's where you'll be invested if you don't make an investment preference. It includes a variety of different managed options depending on your age. You'll be invested in more growth assets when you're young and this will gradually decrease as you get closer to retirement.
AMP MySuper 1990s
AMP MySuper 1980s
AMP MySuper 1970s
AMP MySuper 1960s
AMO MySuper Capital Stable
Medium to High
Moderately Aggressive
These options provide more allocation to growth assets than the previous options, and may suit members looking for more exposure to shares. It's designed for members with a longer investment timeframe of at least 10 years, or members with a higher risk tolerance.
Future Directions Growth
Growth Index
High
Aggressive
The Aggressive option invests almost entirely in growth assets, with a much larger allocation to shares. It's the most high-risk investment option available, and aims to achieve higher returns over the long term. It's designed for members seeking higher long-term growth.
Future Directions High Growth
High Growth Index
High
Sector investment options
If you want more control over super, you can put together your own investment mix using one or more of the following individual sector options.
Australian Shares
Global Shares
Property and Infrastructure
Australian Fixed Interest
Global Fixed Interest
Diversified Fixed Interest
Cash and Term Deposits
AMP Super default insurance cover
Eligible members will receive the following default insurance cover when joining:
Death: This cover provides a lump sum payment to your nominated beneficiaries in the event of your death.
Total and Permanent Disablement (TPD): This cover provides a lump sum payment to you in the event that you become permanently disabled.
Income Protection: This cover is paid out in the even you can't work and lose your income.
You'll get a default, basic level of cover for the above insurances, however you can apply to increase your level of cover at any time if you think it's the right choice for you. You can also opt out of all insurance cover all together.
How to join AMP Super
You can join online by completing the application form on AMP's website. The application form should take you around 10-20 minutes to complete, and you'll need to provide the following bits of information:
Your full name, date of birth and contact information
Your Australian residential address
Your phone number and email address
Your tax file number (TFN)
Your chosen investment option (if you want to invest in something other than the Balanced option) and insurance cover
Details of your existing super fund if you'd like to consolidate your super
Once your application has been completed successfully, you'll receive your membership details by email. You can then give these to your employer so they can start paying your superannuation guarantee payments into your new fund.
Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds.
Resolution Life Australasia was established following the acquisition of AMP Life in 2020, and is now one of the largest life insurers in Australasia servicing ~1.1 million customers and managing A$30bn of assets.
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hi, i am with Resolution Life, i believe they were AMP!! Can you advise please
Thanks
Hi Simon,
Resolution Life Australasia was established following the acquisition of AMP Life in 2020, and is now one of the largest life insurers in Australasia servicing ~1.1 million customers and managing A$30bn of assets.
Thanks for reaching out!