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Trustee information

On 1 July 2020, Equity Trustees Superannuation Limited (ETSL) ABN 50 055 641 757 AFSL No. 229757 was appointed trustee of the following RSEs and all products within them:

  • AMP Eligible Rollover Fund
  • National Mutual Pro-Super Fund
  • National Mutual Retirement Fund

ETSL is a specialist independent superannuation trustee that provides trustee services to superannuation funds. You can find more information, including the trustee disclosures, on ETSL's website.

Visit ETSL's website


Trustee details

AMP Superannuation Limited ABN 31 008 414 104 is the trustee of the following registrable superannuation entities (RSEs):

  • AMP Superannuation Savings Trust (SST)
  • AMP Retirement Trust (ART).

NM Superannuation Proprietary Limited ABN 31 008 428 322 is the trustee of the following RSEs:

  • Wealth Personal Superannuation and Pension Fund (Wealth)
  • Super Directions Fund (SDF)

AMP Superannuation Limited and NM Superannuation Proprietary Limited, as a trustee, are 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.

AMP Superannuation Limited and NM Superannuation Proprietary Limited are in compliance with The Financial Services Council Standard 20.

The executive officers of the trustees are the board of directors of the trustees as well as Sharon Suan, Superannuation Trustee Executive, Superannuation Trustee Office.

Sharon Suan

Superannuation Trustee Executive, Superannuation Trustee Office

Sharon was appointed to the role of Superannuation Trustee Executive, Superannuation Trustee Office in December 2019 after acting in this position since June 2019.  Prior to this time, Sharon was Head of Investment and Insurance Regulatory Governance for over 2 years. The Superannuation Trustee Office is responsible for assisting the trustees of AMP’s superannuation funds to operate in compliance with their regulatory, fiduciary and licensing obligations.

Prior to joining AMP in 2012, Sharon was at the Reserve Bank of Australia (RBA) for over 13 years where she worked on retail payments regulatory projects, supervised performance and risk reporting of the RBA’s foreign and domestic asset portfolios, and monitored compliance with the RBA’s portfolio and risk management framework.  Her last role prior to joining AMP was as Head of the Victorian Office (Economic Group), managing the local operations and liaison program with major businesses, industry organisations, and government agencies.

Sharon holds a Bachelor of Economics (Hons) from the University of Western Australia, and is a CFA Charterholder. 

Trustee Boards and Directors

Information on the composition of the Trustee Boards and details of Directors can be found here

Trustee documents and downloads

ASL policies and disclosure documents

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.

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.]

  Chairman Director

AMP Superannuation Limited Board, and

N.M. Superannuation Proprietary Limited Board

$190,000 (inclusive of all Committee attendances)

$125,000

AMP Superannuation Limited Audit Committee, and

N.M. Superannuation Proprietary Limited Audit Committee

$20,000

$15,000

AMP Superannuation Limited Risk Committee, and

N.M. Superannuation Proprietary Limited Risk Committee

$20,000

$15,000

AMP Superannuation Limited Investment Committee, and

N.M. Superannuation Proprietary Limited Investment Committee

$20,000

$15,000

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)
AMP Superannuation Savings Trust (SST)
Trust documents
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

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.

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)

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

Wealth Personal Superannuation and Pension Fund (Wealth)

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.

RSE Most recently issued PDS and associated material for the closed product
FirstQuest

First Quest Retirement Service - Superannuation and Income Stream

Synergy

East West Administration Service - Superannuation and Income Stream

Synergy

Synergy Retirement Service - Superannuation and Income Stream

Wealth InsuranceCare®
Wealth

PortfolioCare Elements - Term Allocated Pension

Wealth

PortfolioCare eWRAP - Term Allocated Pension

Wealth

PortfolioCare Service - Term Allocated Pension

Wealth

WealthView eWRAP- Term Allocated Pension

Wealth

PortfolioCare Elements Super Pension

Wealth

WealthView eWRAP Super Pension

Wealth

 

iAccess Portfolio Planning Solutions Personal Superannuation

Wealth

iAccess Strategic Service

Wealth

iAccess Term Allocated Pension

Wealth

Generations Personal Pension Term Allocated Pension

Wealth

Summit Personal Pension Term Allocated Pension

Wealth

Summit Personal Super - Remcon Plan

Wealth

Summit Personal Super and Pension - Limon

Wealth North Super and Pension Guarantee PDS – Part B
SDF Simple Super
SDF Tailored Super
SDF Super Directions for Business
SDF Super Directions for Business Rollover Section
SDF Coca-Cola Amatil Superannuation Plan – Pension Members Product Disclosure Statement
SDF Chevron Australia Employees Superannuation Plan -Defined Benefit Pension Members Product Disclosure Statement
SDF Sibelco Australia Superannuation Plan - Defined Benefit Pension Members Product Disclosure Statement

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

First Quest Retirement Service - Term Allocated Pension

Synergy Capital Management Limited

Synergy

Personal Choice Retirement Plan Allocated Pension

Synergy Capital Management Limited
Synergy

Personal Choice Retirement Plan Super

Synergy Capital Management Limited

Synergy

Synergy Retirement Services - Term Allocated Pension

Synergy Capital Management Limited

SDF

Flexible Lifetime - Term Pension

AMP Superannuation Limited

SDF

Flexible Lifetime - Allocated Pension

AMP Superannuation Limited

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