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Fund profiles
| AMP SignatureSuper |
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Overview:
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SignatureSuper is a unique master trust offering, able to be tailored to meet the needs of any business. SignatureSuper can support accumulation, defined benefit and hybrid plans and is administered using cutting edge, integrated technology. Clients can tailor the investment menu to suit their plan. Members of SignatureSuper are supported by one of the industry’s most comprehensive member education programs. AMP has been looking after Australians’ superannuation for more than 60 years and provides superannuation, retirement and insurance benefits for over 560,000 corporate members in Australia. |
| Year of Establishment: |
2003 |
| Value of Funds: |
$5.6 billion (as at 30 September 2009) |
| Key Features: |
- Highly tailored corporate solution.
- Flexible contributions - the member, the employer sponsor, third party employees and spouse can invest in a member's account.
- Dedicated Business Relationship Manager and Business Development Manager.
- Wide investment choice, members can choose up to 10 investment options from a range of 59 investment options managed by leading investment managers. Unlimited free switching available.
- Insurance cover options chosen by the employer sponsor - Death, TPD and TSC - at group rates (with a 2 year or "to age 65" benefit payment period for TSC) and with automatic acceptance up to a certain limit.
- Ability to attach an external insurer.
- Fully transparent and flexible fee and fee rebate structure. eg Large plan discounts -we take into account the combined "buying power" of all members in the plan.
- Comprehensive member education and communication and reporting to keep members informed and in control via electronic, face-to-face and hard-copy media.
- Members have 24 hour online access for up-to-date information on their super account.
- Leading administration making it easy for employers with online contribution and reporting.
- Flexibility in plan set-up, accommodating defined benefit, hybrid and accumulation, spouse and pension accounts.
- Access to the SignatureSuper Personal Allocated Pension product.
- Extra benefits such as family members can join the plan at the same fee structure as the emplyee member, financial/retirement planning, financial seminars, and banking package.
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| Administrator: |
AMP Life Limited |
| Auditor: |
Ernst & Young |
| Custodian: |
BNP Paribas |
| Asset Consultants: |
AMP Life Limited, AMP Capital Investors, Mercer Investment Consulting principal adviser, Dorset (absolute return funds adviser) and StepStone Group LLC (private equity investment management and advisory services for the multi manager Future Directions Funds range). |
| Lawyer: |
AMP Legal
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SignatureSuper has a dynamic investment menu
SignatureSuper's investment menu is designed to accomodate a wide range of investment preferences of members. The SignatureSuper investment menu offers:
- An actively monitored range of options
- 59 investment options
- Multi-manager and single manager options
- Variety of investment styles
- Diversfied, single sector and specialist options
SignatureSuper's dynamic menu provides exposure to the latest strategies
AMP recognises that members have different investment goals. SignatureSuper allows members to tailor their investment strategy to meet their objectives. The signatureSuper investment menu includes the following strategies:
- Absolute return via fund of hedge funds
- Geared share investing
- Extended markets investing (i.e. in emerging markets, international small caps, Asian shares, etc.)
- International infrastructure
- Socially responsible investing
Members have the flexibility to choose their investments
AMP recognise that members have different investment goals. SignatureSuper allows members to tailor their investment strategy to meet their objectives. Some of the features of SignatureSuper's flexible invsetment offering to members are:
- Members can choose any combination of up to 10 options, or use the SignatureSuper LifeStages investment approach
- There are no minimum balance or contribution requirements
- There are no requirements to invest in AMP options
- A separate approach is allowed for account balance, and future contributions
- Daily unit pricing (except for AMP Super Cash which is a crediting rate investment option)
- Free switching
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| Insurance Available: |
Death, Death / TPD, Income Protection. |
| Extra Benefits: |
Family members can join the plan at the same fee structure as the emplyee member, allocated pension, financial/retirement planning, financial seminars, online account details/transactions and banking package. |
| Communications: |
Membership, insurance and investment booklets; publications and monthly investment performance available on website. |
| Employer Services: |
Dedicated account manager, policy committee assistance, online contribution payments, clearing house, regular and online reporting, full range of member seminars and education program. |
| FEES |
| Asset Administration fee |
0.70% of your account balance less any Large Plan Discount negotiated between the employer and AMP Corporate Superannuation |
| Insurance Administration fee |
Up to 10% of the insurance premium (including stamp duty) for an external insurer. |
| Trustee/Expense Recovery fee |
Included in the Investment Management Fee |
| Management Cost - member fee ($ per week / annum) |
Plan by plan basis |
| Management Cost - investment fee (% p.a.) |
0.25% to 1.20%, depends on the investment option selected by the member. |
| Additional Adviser Servicing fee |
Negotiated between the client and the planner |
| Fee Discounts |
Large Plan Discounts apply - negotiated on a case by case basis. The Large Plan Discount is calculated and credited monthly to members' accounts as a fee rebate. |
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