ASL policies and disclosure documents

• ASL and NM Super conflicts management policy

The conflicts management policy documents the policy, controls and processes that ASL and NM Super have implemented to identify, monitor and manage / avoid all potential and actual conflicts of interest and duty that arise in relation to the trustee's business. This policy also documents the processes to identify conflicts arising from ASL and NM Super's relationship (or the relationship of a responsible person) with an existing or prospective service provider, including those that have the potential to affect the service provider's performance of the obligations undertaken by it in respect of the trustee's business operations.

• ASL and NM Super register of relevant duties and relevant interests
• ASL financial report 31 December 2019
• ASL board meeting attendance record
• ASL constitution
• ASL nomination, appointment and removal of directors

Diversity - The ASL Board has a gender diversity target of 40% women, 40% men and 20% either men or women, having regard to the current size of the board and tenure of the incumbent directors, given the benefit of continuity of experience.

As at 30 June 2020, the ASL Board’s progress towards the gender diversity target is 37.5% women and 62.5% men. 

Environmental social governance - ASL has adopted the AMP Capital environmental social governance and responsible investment philosophy.

Remuneration - The non-executive directors are paid a single fee in their capacity as directors of the ASL and NM Super Boards and in connection with the management of its Trusts (AMP Retirement Trust, AMP Superannuation Savings Trust,  Super Directions Fund, Wealth Personal Superannuation and Pension Fund).

The table below sets out the Board and Board Committee fees (effective from 1 March 2020) for roles undertaken by individual non-executive directors. [Note: Effective 1 November 2019, the Board Chairman is paid a single fee covering all Board and Board Committee responsibilities. The fee for the chairmanship of a Board Committee is payable if the chairman is a non-executive director other than the Board Chairman.]

Each non-executive director received superannuation contributions totalling 9.50 % of fees. This is included in the board and committee fees shown in the table above.

Each non-executive director may receive a supplementary payment for additional duties and time spent in regard to ASL and NM Super. These payments are in addition to the fees received in respect of Board and Board Committee duties.

No retirement benefits are provided to non-executive directors.

For further information, including remuneration received by each non-executive director and other executive officers, refer to the remuneration disclosures for each of the Trusts published on this webpage.

Voting - The Proxy Voting Policy applies to ASL.

AMP Retirement Trust (ART)

• ART annual report 2019
• ART register of significant event notices
• ART remuneration disclosures
• ART trust deed

AMP Superannuation Savings Trust (SST)

Trust documents

• 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).

NM Super policies and disclosure documents

• NM Super conflicts management policy

The purpose of this Conflicts Management Policy (Policy) is to document the policy, controls and pro cesses 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.

• ASL and NM Super register of relevant duties and relevant interests
• NM Super financial report 31 December 2019
• NM Super board meeting attendance record
• NM Super constitution
• NM Super nomination, appointment and removal of directors
• NM Super outsourced service providers

Diversity - The NM Super Board has a gender diversity target of 40% women, 40% men and 20% either men or women, having regard to the current size of the board and tenure of the incumbent directors, given the benefit of continuity of experience. 

As at 30 June 2020, the NM Super Board’s progress towards the gender diversity target is 37.5% women and 62.5% men.

Remuneration - refer to ASL policies and disclosure documents for ASL and NM Super’s non-executive directors’ remuneration.

Environmental social governance - NM Super has adopted the AMP Capital environmental social governance and responsible investment philosophy.

Voting - The Proxy Voting Policy applies to NM Super. 

Summary of voting behaviour over the past financial year for investments in the platform funds - Proxy Voting Summary.

Super Directions Fund (SDF)

• SDF annual report 2020
• SDF register of significant event notices
• SDF remuneration disclosures
• SDF trust deed

The Retirement Plan (TRP) − (TRP was wound up effective September 2018)

• TRP register of significant event notices

Wealth Personal Superannuation and Pension Fund (Wealth)

• Wealth North Summit Generations iAccess annual report 2019
• Wealth PortfolioCare annual report 2019
• Wealth WealthView annual report 2019
• Wealth register of significant event notices
• Wealth remuneration disclosures
• Wealth trust deed

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:

SDF 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.

For any queries regarding these documents, please e-mail polinfo@amp.com.au.