Retirement Products Fund profiles

Flexible Lifetime - Allocated Pension
	Principal Contact: Mark Tomlin Head of Product, Wealth Management Products 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 - Allocated Pension is part of the Flexible Lifetime Solutions range and is designed to help investors save for retirement, and to provide a regular income during retirement or whilst building for retirement.
Year of Establishment:	2003
Value of Funds:	$5.5 billion
Key Features:	Pension Refresh Facility available to sweep monies from Flexible Lifetime - Super to Flexible Lifetime - Allocated Pension Competitive and simple fee structure that offers discounts on larger balances  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 Fortnightly, monthly, quarterly, half yearly and annual payment frequencies
Administrator:	AMP
Auditor:	Ernst and Young
Custodian:	BNP Paribas
Asset Consultant:	AMPCI / 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 whilst 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 Securities Exchange.
Future Directions Geared Australian Share	To provide high returns (while accepting a high level of volatility)  over the long term. The Fund offers investors geared exposure to the returns of the Future Direction Australian Share Fund. The expected volatility of the returns for this Fund is high. The objective is to provide a total return (after costs and before tax) higher than the return from the S&P/ASX 300 Accumulation Index on a rolling 12 month basis.

Investment Performance  Performance to 30 June 2009 1 year 5 years Since inc. Future Directions Conservative -8.7% 2.6% 3.7% Future Directions Moderately Conservative -13.8% 2.3% 3.7% Future Directions Balanced -19.8% 1.7% 3.8% Future Directions Growth -22.1% 1.7% 4.0% Future Directions High Growth -23.7% 1.6% 4.1% Future Directions Property -34.1% - -2.5% Future Directions International Share -20.9% -4.1%  -0.7% Future Directions Australian Share 16.1% 6.7%  8.7% Future Directions Australian Small Companies -27.6% -  1.7%  Future Directions Geared Australian Share -39.2% 1.6%  4.1%

Extra Benefits:	Superannuation, Financial and Retirement Planning, My portfolio online account access, interactive online seminars, Non-super Savings option.
Communications:	Annual member reporting; Newsletters; online access to investment reports, interactive seminars and simulators.

FEES
Contribution Fee	Up to 4.5%
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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