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AMP SignatureSuper selected as super fund for Trio Capital super fund members

13 Dec 2010
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AMP SignatureSuper has been selected as the preferred successor superannuation fund for Trio Capital Limited’s (Trio) superannuation fund members by ACT Super Management Pty Ltd (ACT Super), the acting Trustee of Trio.

From mid December, each member’s initial account, which total approximately A$200 million of unimpaired assets overall, will be transferred to AMP SignatureSuper in tranches and invested in an investment profile comparable to their previous investment. The fund will be known as the Alliance Superannuation Plan.

AMP Director Product Manufacturing Paul Sainsbury said he was pleased AMP was selected as the preferred ongoing superannuation provider, following a rigorous assessment process by ACT Super.

“AMP SignatureSuper is a strong product which offers its members a choice of 69 investment options and value for money, backed by a pre-eminent brand,” Mr Sainsbury said.

AMP is one of Australia’s largest superannuation providers and one of the country’s top investment managers with A$111 billion (as at 30 June 2010) in assets under management and more than 3.8 million customers.

SignatureSuper, AMP’s flagship corporate superannuation product is one of Australia’s largest super funds with approximately $6.4 billion (as at 30 June 2010) in assets.

On 16 December 2009 APRA appointed ACT Super as the acting Trustee of the Trio superannuation funds when it went into liquidation.

The Trio superannuation funds include: Astarra Superannuation Plan, Astarra Personal Pension Plan and My Retirement Plan, including Seagrims Retirement Plan, TIC Super and Titanium Retirement Fund.

“Our aim is to make the transition process straight forward while also ensuring our new members can access their account as soon as possible following the transfer of assets and appropriate reconciliation,” Mr Sainsbury said.

All the typical features of AMP SignatureSuper such as call centre, administration and on-line access will be available to these members. Once funds are fully transferred to SignatureSuper members will be able to update details, make contributions, investment switches or withdrawals.

AMP will be communicating with individual members shortly, initially providing a detailed information kit and access to online services through Member Central and MyPortfolio.

Members requiring further information about this transition to AMP SignatureSuper can call AMP direct on 1300 506 445.

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