Patricia Montague

AMP Flexible Super’s superannuation and retirement accounts have been awarded five star ratings in the recent CANSTAR ratings for the third year in a row.

The five star ratings, the highest available, recognise AMP Flexible Super’s low fee structure, member education and benefits, online and phone access and investment options.  AMP’s access to an extensive financial planning network also contributed to the high rating.

AMP Director Contemporary Wealth Management Products Patricia Montague said the ratings reflected the quality of the product and the accessible and transparent pricing structure which has made it an attractive choice for customers.

“We are thrilled AMP Flexible Super has achieved the highest possible rating for the third year in a row for the superannuation and retirement categories by CANSTAR in its annual ratings.

“The five star rating shows we’re continuing to provide a product that offers customers flexibility, choice and access to expert advice at an affordable price.

“We constantly monitor the superannuation and retirement market so we can continue to enhance the product to ensure it meets the changing needs of our customers,” said Ms Montague.

Since June 2012, AMP Flexible Super has grown its customers by 75 per cent and at AMP’s half year results in August, AMP Flexible Super assets under management increased to $8.8 billion, up from $5.7 billion in HY 12.

AMP Flexible Super has also unveiled a number of enhancements to its online portal improving the way financial advisers write new business, which will result in greater efficiencies for customers.

AMP Flexible Super business can now be written entirely online, eliminating paper based transactions.  Following an extensive pilot process, adviser feedback has shown the improved technology has made it quicker and easier to lodge customer applications.

“The improvements mean advisers will be able to more effectively write new business for AMP Flexible Super, reducing lodgement times by over 50 per cent.  The reduced application and approval times will result in much greater practice efficiency and an improved experience for the end customer,” said Ms Montague.

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