AMP Flexible Super reaches $10 billion AUM

From
Patricia Montague

Patricia Montague

AMP’s award winning all-in-one super and retirement product, AMP Flexible Super, has notched up over $10 billion in assets under management (AUM), capping off a remarkable period of growth since its launch in 2010.

AMP’s Director of Contemporary Wealth Management Patricia Montague said the $10 billion milestone was testament to the products flexible structure which made it suitable to individuals regardless of their superannuation balance or stage of life.

“The success of AMP Flexible Super since its launch in 2010 has been phenomenal, and we are continuing to see strong growth with customer numbers increasing by more than 26 per cent, up from 172, 000 customers at FY 12 to 216, 000 at the end of October.

“The appeal of AMP Flexible Super is that for customers, from their first job, to having a family and through to retirement, it provides customers with one account for life at a low cost.

“AMP Flexible Super keeps up with customers changing needs as they move through different stages of their life, offering a single entry-level low cost option through to a more sophisticated option with an extensive investment menu.

“We know from our customers they want that sense of control with their finances, and AMP Flexible Super offers this, allowing customers to log on to My Portfolio at home or at work at a time convenient to them to view their super balance, insurance cover, check transactions and contributions and manage their account in line with their attitude to risk,” said Ms Montague.

Underpinning the success of AMP Flexible Super, in the last year it has picked up a suite of awards, including a five star rating in the recent CANSTAR ratings for the third year in a row, Chant West 5 apples ratings and winning the Selecting Super Personal Product of the Year Premium Choice award.

AMP Flexible Super was launched in 2010 as part of changes to streamline AMP’s superannuation offering.

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