Annual Performance Test
The Annual Performance Test (APT) assesses the long-term investment performance of MySuper products and ‘Trustee-Directed Products’ (TDPs), being multi-asset investment options in the accumulation phase of superannuation which are managed by the Trustee or a related party.
The test is conducted by APRA under rules set out in the superannuation law. Investment options that don’t meet the benchmark, as set out by the superannuation regulations, are classed as underperforming.
APRA has notified NM Superannuation Pty Ltd (as Trustee) of the AMP Super Fund and Wealth Personal Superannuation and Pension Fund of the APT results for 2024.
- AMP Super Fund – all MySuper and Choice TDP investment options available on SignatureSuper investment menu that were subject to the test have passed.
- Wealth Personal Superannuation and Pension Fund – To view the TDP investment options that were subject to the test and their results, click here.
Summary of Retirement Income Strategy
The AMP Retirement Income Strategy (the Strategy) is comprised of the Retirement Income Strategies for the AMP Super Fund and Wealth Personal Superannuation and Pension Fund. The Strategy is issued by N.M. Superannuation Pty Ltd as trustee (the Trustee).
The Strategy aims to increase comfort and confidence for Australian retirees. Our strategic ambition is to be the leading provider of retirement solutions in Australia, and to support retirees with a broad range of guidance, support and advice to empower them to enjoy their best possible retirement. This aligns to the Trustee’s vision to operate with autonomy and objectivity in providing the best possible retirement outcomes for members.
This Strategy applies to all AMP superannuation members approaching and in retirement, and more broadly to all Australians who wish to experience a more comfortable and confident retirement by joining AMP.
Member annual outcomes assessments
As trustee of the AMP Super Fund and Wealth Personal Superannuation and Pension Funds, every year we’re required to assess the performance of the super and retirement products we oversee, to make sure they continue to promote members’ financial interests.
Our product determination is what we produce, to show the results of our assessment and must be provided for each superannuation product offered. (Note: effective from 1 October 2021 the Super Directions Fund was renamed to the AMP Super Fund.)
To view the product determinations for the AMP Super Fund – click here
To view the product determinations for the Wealth Personal Superannuation and Pension Fund (including North products) – click here
If you’d like more information about the member outcomes assessments or would like to speak to someone about your super or retirement, please contact AMP on 131 267, the North Service Centre on 1800 667 841, the PortfolioCare Service Centre on 1800 646 234, or the WealthView Service Centre on 1800 006 230.
To link to Annual Members Meeting (AMM) information - click here.
Trustee details
NM Superannuation Proprietary Limited ABN 31 008 428 322 is the trustee of the following RSEs:
- Wealth Personal Superannuation and Pension Fund (Wealth)
- AMP Super Fund (ASF)
NM Superannuation Proprietary Limited, as a trustee, is responsible for:
- all aspects of the operation of the RSEs
- ensuring the RSEs are properly administered in accordance with their trust deeds
- ensuring the RSEs comply with relevant legislation.
Key Management Personnel
The Key management Personnel of the Trustee (from 1 January 2023) are its board of directors for the period and the executives noted below.
Melinda Howes
Group Executive, Superannuation and Investments
Melinda was appointed Group Executive Superannuation and Investments in January 2024, joining from KPMG where she led the Actuarial and Data Analytic team. She leads AMPs investment business and the Superannuation (Master Trust) business which serves personal and corporate super members.
Melinda has deep expertise in superannuation with more than 30 years in the industry. She also has experience in wealth management, life insurance, general insurance and not for profit organisations, including as CEO of the Actuaries Institute and Policy Director at ASFA.
Having spent eleven years at BT Financial Group in the 1990-2000’s, Melinda was Managing Director, Superannuation for seven years from 2014 where she led the transformation and simplification of BT’s complex heritage superannuation business to a modern digital enterprise, migrating $31bn and 560,000 members from multiple products to the go-forward offer.
Melinda is an actuary and is a Fellow of the Institute of Actuaries of Australia. She has executive and non-executive director experience and is a graduate of the Australian Institute of Company Directors. She has been an active member of ASFA and the FSC over many years, including serving on ASFA’s board and the FSC superannuation board committee.
Anna Shelley
Chief Investment Officer, Executive Director
Anna has an extensive background in investment management, investment advice, business strategy and product strategy and development. Anna spent the first 14 years of her career at JANA Investment Advisers as a Principal Consultant, Head of Australasian Equities research and Deputy Head of Consulting. She then worked at MLC Investment Management as Head of Product, responsible for $62bn of retail and institutional products, before moving to Perpetual Investments where she was General Manager, Product and Strategy across Perpetual's $33bn FUM. After relocating to Melbourne, Anna became Chief Investment Officer of Catholic Super, a $10bn industry fund which then merged with Equipsuper in October 2019 to form a $30bn fund. As CIO of the combined funds, she had responsibility for all aspects of investment management, and was responsible for the new investment design which has more than halved Catholic Super's investment fees. Anna is currently Chief Investment Officer of AMP Wealth Management, with circa $105bn FUM across Super, Retirement and Goals-Based Products.
Edwina Maloney
Group Executive, Platforms
Edwina was appointed Group Executive Platforms in July 2023. The Platforms business provides superannuation, retirement and investment solutions to advisers and their clients.
Edwina is a seasoned executive, board director, consultant, and transformational leader having held senior executive roles across wealth management; superannuation and funds management businesses. In June 2021, Edwina was appointed Director, Platforms at AMP, with end-to-end accountability for AMP’s Wealth Superannuation Fund, Wrap Platforms and SuperConcepts SMSF business (which was sold on 30 June 2023).
Previously, Edwina led AMP Capital’s Global Product function, responsible for its Managed Investment Schemes, offshore domiciled funds and separate accounts. Before AMP, Edwina held various senior leadership roles at Perpetual Investments responsible for strategy; business development; product innovation and management functions. She was also a management consultant with Accenture specialising in wealth management and began her career as a lawyer with DLA Piper (then Phillips Fox).
Edwina holds a Bachelor of Laws (QUT) and a Graduate Diploma in Applied Finance & Investment (FINSIA). She is a Director of ASFA.
Former Key Management Personnel
Trustee Boards and Directors
Information on the composition of the Trustee Boards and details of Directors can be found here
Trustee documents and downloads
NM Super policies and disclosure documents
The purpose of this Conflicts Management Policy (Policy) is to document the policy, controls and processes that NM Super has in place to identify, record and manage conflicts of interest and conflicts of duty (each a Conflict). NM Super is responsible for managing each RSE for the benefit of the members of each RSE, in accordance with the relevant trust deeds, laws, regulations and licence conditions.
- NM Super register of relevant duties and relevant interests
- NM Super financial report 31 December 2023
- NM Super board meeting attendance record
- NM Super constitution
- NM Super nomination, appointment and removal of directors and governance policy
- NM Super outsourced service providers
Voting - The Proxy Voting Policy applies to NM Super.
AMP Super Fund (ASF)
Note: effective 1 October 2021 Super Directions Fund (SDF) was renamed to AMP Super Fund)
- ASF register of significant event notices
- ASF trust deed
- ASF Proxy Voting Summary
- ASF financial report 30 June 2024
- ASF defined benefit plan actuarial investigation reports:
Wealth Personal Superannuation and Pension Fund (Wealth)
- Wealth register of significant event notices
- Wealth trust deed
- Wealth Proxy Voting Summary
- Wealth financial report 30 June 2024
For links to the Product Disclosures and Financial Services guide please go to the following link.
NM Super closed products
From time to time a trustee will close a product. This means the product is no longer open to new members although existing members can continue to make contributions and withdrawals.
Once a product is closed to new members, the trustee will continue to notify all members of any changes to the product's features and benefits that may affect them. However, the trustee is no longer required to update the product's product disclosure statement (PDS) and any associated material, such as fact sheets.
The most recent copy of the PDS for all closed NM Super products for which a PDS has been issued is provided for your information. The information in the PDS was only current to the date on the front of the document. For information about the product after the issue date of PDS, please visit the product web page at the following sites: ASF and Wealth products: www.amp.com.au/superannuation, or emailing askamp@amp.com.au
Closed products with PDSs issued by NM Super
The AMP Group merged with AXA Asia Pacific Holdings Limited (now called AMP AAPH Limited) on 30 March 2011. At the time of the merger, NM Super was a subsidiary of AXA Asia Pacific Holdings Limited. NM Super is now a member of the AMP Group. Some of the PDSs below were issued by NM Super prior to the merger and do not feature current AMP Group branding.
Closed products with PDSs issued by another trustee
NM Super is now the trustee for some funds previously managed by another trustee. Some of the products in these funds are closed and the most recent PDS was issued by the previous trustee. The PDSs for these products are shown below. Some of the PDSs below were issued prior to the transfer of trustees and do not feature current AMP Group branding. NM Super makes no warranty as to the accuracy of the information they contain.
| RSE | Most recently issued PDS and associated material for the closed product | Issued by |
|---|---|---|
| FirstQuest | Synergy Capital Management Limited | |
| Synergy | Synergy Capital Management Limited | |
| Synergy | Synergy Capital Management Limited | |
| Synergy | Synergy Capital Management Limited | |
| ASF (was SDF) | AMP Superannuation Limited | |
| ASF (was SDF) | AMP Superannuation Limited |
For any queries regarding these documents, please e-mail polinfo@amp.com.au.
ASL policies and disclosure documents
AMP Retirement Trust (ART) is now closed; the following documents are presented for historical purposes
- ART annual report 2019
- ART register of significant event notices
- ART remuneration disclosures
- ART trust deed
AMP Superannuation Savings Trust (SST) is now closed; the following documents are presented for historical purposes
- SST annual report 2019
- SST remuneration disclosures
- SST trust deed
- SST register of significant event notices
ASL closed products
On 15 May 2020, all products, with the exception of the AMP Eligible Rollover Fund, were transferred to NM Superannuation Limited as part of a Successor Fund Transfer (SFT).
Refer to the Equity Trustees section (above) regarding the AMP Eligible Rollover Fund.
