AMP launches Super product for growing middle market employer segment

AMP has launched a new corporate superannuation solution for the growing middle market, a segment which now accounts for 25 per cent of Australian workers.

AMP SignatureSuper Select will offer medium sized companies with between 50-750 employees a sophisticated corporate superannuation product with over 30 investment options, flexible insurance arrangements, a tiered pricing structure and access to AMP’s leading MySuper lifecycle solution.

AMP Director Corporate Superannuation Libby Roy said AMP had worked hard to build an attractive superannuation solution for the growing middle market.

“AMP SignatureSuper Select brings the best of AMP’s corporate superannuation to medium sized companies. We know how important the employee value proposition is to mid-sized businesses.

“With SignatureSuper Select employers can offer their employees a first rate superannuation solution with flexible features, including an option for employers to pay employees insurance premiums and a diversified range of investment options.

“AMP recognises the importance of the middle market as a growth engine for the Australian economy.  It’s important that these businesses get superannuation right for their employees, and we recognise that can sometimes be onerous to manage.

“SignatureSuper Select allows them to offer a customised and holistic superannuation offer to their employees regardless of the size of their business,” Ms Roy said.

SignatureSuper Select customers will have access to AMP’s MyPortfolio so they can manage their account information online.

SignatureSuper Select will complement AMP’s existing superannuation product range, including SignatureSuper which caters predominantly to the large and mega employer market.

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