Personal Super Fund profiles

Flexible Lifetime - Super
	Principal Contact: Mark Tomlin Head of Product, Personal Wealth Management Telephone: Facsimile: 131 267 1300 301 267 Address: Customer Service AMP Life Ltd GPO Box 300 Paramatta NSW 2124 Website: Email: www.amp.com.au askamp@amp.com.au
Overview:	Flexible Lifetime - Super (FLS) is a simple and flexible superannuation plan which can be tailored to the changing needs of individuals and employers.  FLS offers a selection of over 60 investment options, flexible contribution options and optional insurance benefits that can be tailored to suit your needs.  FLS also has a competitive and simple fee structure including fee rebates for larger account balances.  Members have the ability to monitor their investment via our on-line services, and an auto-rebalancing facility allows clients to automatically rebalance their portfolio in line with their preferred investment strategy. Employers with FLS as their fund will have the additional benefit of a clearing house facility when they use eSuper to pay their superannuation contributions.
Year of Establishment:	1996
Value of Funds:	$21.0 billion
Key Features:	Competitive and simple fee structure that offers discounts on Management Fees for account balances $100,000 and over. Auto Rebalancing of the amounts invested in the investment options in line with preferred strategy. Members have on-line access to monitor their investment via My Portfolio services. A choice of over 60 investment options from leading investment managers. Clients can switch between investment options at any time, free of charge. Flexible contributions and insurance benefits.
Administrator:	AMP
Auditor:	Ernst and Young
Custodian:	AMP
Asset Consultant:	Mercer
Lawyer:	AMP

INVESTMENT OPTIONS
Future Directions Conservative	To provide moderate returns over medium term through a diversified portfolio, with a bias towards defensive assets such as cash and fixed interest.
Future Directions Moderately Conservative	To provide moderate returns over the medium to long term through a diversified portfolio of assets such as fixed interest, shares, property and alternative assets.
Future Directions Balanced	To provide moderate to high returns over the medium to long term through a diversified portfolio, with a bias towards growth assets such as shares and property.
Future Directions Growth	To provide high returns over the medium to long term through a diversified portfolio investing mostly in shares with some property, fixed interest and alternative assets exposure.
Future Directions High Growth	To provide high returns over the long term through a portfolio investing mostly in Australian and International shares and a limited exposure to property and alternative assets.
Future Directions Property	To provide moderate returns over the medium term primarily through investing in a diversified portfolio of Australian and global property related securities and direct property.
Future Directions International Share	To provide high returns over the long term whilst accepting a higher level of volatility over the long term through a diversified portfolio of international shares.
Future Directions Australian Share	To provide high returns (while accepting a higher level of volatility) in the long term by investing in shares listed on the Australian Stock Exchange.
Future Directions Australian Small Companies	To provide high returns (while accepting a higher level of volatility) in the long term by primarily investing in smaller companies (outside the top 100 by market value) listed on the Australian Stock Exchange.In addition, an exposure of up to 20% may be invested in unlisted companies that are likely to be listed or companies that have recently moved into the top 100 category.
Future Directions Geared Australian Share	To provide high returns (while accepting a high level of volatility)  over the long term, by investing primarily in shares (through the Future Directions Australian Share Fund) listed on the Australian Stock Exchange. Capital will be increased through gearing (also known as borrowing) to provide magnified returns and losses compared to non-geared investments.

Investment Performance (crediting rates) Growth Asset Weighting Performance to 30 June 2008   1yr 3yr 5yr Future Directions Conservative 30/70 -3.1% 3.7% 5.2% Future Directions Moderately Conservative 50/50 -6.2% 4.5% 6.5% Future Directions Balanced 70/30 -9.1% 5.3% 8.0% Future Directions Growth 85/15 -10.5% 6.2% 9.0% Future Directions High Growth 100/0  -12.3% 6.7% 9.9% Future Directions Property 100/0  -14.6% 4.9% - Future Directions International Share 100/0  -20.3% 0.4%  3.4% Future Directions Australian Share 100/0  -13.8% 8.7%  12.9% Future Directions Australian Small Companies 100/0  -22.8% 8.7%  -  Future Directions Geared Australian Share 100/0  -32.2% 9.0%  -

Insurance Available:	Extra Death Benefit (including Terminal Illness Benefit and Guaranteed Future Insurability), TPD Benefit, Temporary Salary Continuance Benefit, Business Safeguard, Waiver Benefit, Interim Accident Cover
Extra Benefits:	Allocated pension, Financial and Retirement Planning, Client seminars, My portfolio online account access, interactive online seminars, Non-super Savings option.
Communications:	Annual member and employer reporting; Newsletters; Client seminars; online access to investment reports, interactive seminars and simulators.
Employer Services:	Employer has on-line transacting facility with a clearing house. Ability for eligible employers to nominate employees for automatic insurance cover under InstantCover which includes Extra Death Benefit, Total and Permanent Disability Benefit and Temporary Salary Continuance.

FEES
Contribution Fee	Up to 4.5%
Management Cost - Member Fee	$7.30 per month for balances below $10,000
Management Cost - Management Fee (% pa)	Ranges from 0.75% pa to 2.80% pa depending on the investment option chosen
Additional Adviser Servicing Fee	Negotiated with Planner
Fee Discounts	Management Fee Rebate (reduces the Management Fee) Balances of: $100,000 to $499,999 receive a discount of 0.40% pa $500,000 to $999,999 receive a discount of 0.60% pa $1,000,000 to $1,499,999 receive a discount of 0.75% pa $1,500,000 and over receive a discount of 0.85% pa

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