AMP Flexible Super Review
Returns to June 30 2021
|Investment Option||1 Year||3 Year||5 Year|
|Super Easy Conservative||6.56%||4.27%||3.90%|
|Super Easy Conservative VS Median||-1.34%||-0.33%||-0.90%|
|Super Easy Balanced*||18.01%||7.99%||7.83%|
|Super Easy Balanced* VS Median||0.01%||0.09%||-0.97%|
|Super Easy Growth||22.56%||9.25%||9.27%|
|Super Easy Growth VS Median||0.16%||0.05%||-1.13%|
|Investment Option||Flat Fee||Percentage Based Fee||Fee Based on 50k|
|Super Easy Conservative||120.96||0.65%||$445.96|
|Super Easy Balanced*||90.84||0.72%||$450.84|
|Super Easy Growth||120.96||0.75%||$495.96|
|AMP Flexible Super||-||-||-|
*Please note this is not the default Investment Option for this fund.
Insurance is available through AMP Flexible Super. However, it is not rated by Omnilife. To compare all available options for insurance through your super fund please click below.
ABN: 78 421 957 449
Address: GPO Box 300 Paramatta NSW 2124
About AMP Flexible Super
AMP Flexible Super is a retail super fund, one of a few superannuation products owned by AMP Limited.
The AMP Flexible Super product replaced AMP Flexible Lifetime Super as the preferred product for new members without an adviser.
AMP Flexible Super’s Super Easy Balanced investment option fees are below the median for funds on Review My Super for a balanced/MySuper risk profile.
AMP Flexible Super offers life, TPD and income protection insurance.
When Reviewing Super funds like AMP Flexible Super it’s a good idea to learn more about choosing a super fund. Consider the following:
Firstly, are you invested in the right risk profile? This is essentially the amount of risk you’re willing to take to achieve your desired investment return. High Growth investments will achieve the highest returns over the long run, and also carry the highest risk of loss in any one year.
Secondly, what to do about the insurance in your super? Most funds will come with a default amount of insurance cover for instance. For some people this will be very insufficient and for others it will be too much, for example. Therefore, tailoring your cover to your own circumstances is key.
Thirdly, what are the different ways you can contribute to super? Understanding contributions like salary sacrifice and the government co-contribution can help you make the most of your super.
Fourthly, and most importantly, make sure you review your super against other super funds under the ‘Fund Profiles’ tab and check out the top super funds, to see who the leaders are.
In addition, If you would like to speak to someone for some guidance when reviewing your super, then please fill in the ‘Speak To An Advisor’ form above and an advisor will be in touch to see how they can assist you.
In conclusion, understanding the key elements of super, conducting the appropriate research and seeking the best advice will help with choosing the best fund.
Frequently Asked Questions
AMP Flexible Super’s balanced and growth options have both slightly out performed the median over 1 and 3 years and under performed the median over 5 years. The conservative option has under performed over 1, 3 and 5 years.
Fees are slightly below average across these 3 options.
Based on this evidence, you could say it’s not a bad fund. However, it has not made the top funds lists.
No, AMP Flexible Super is a retail fund.