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.
Equity Trustees Superannuation Limited
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.
Trustee details
AMP Superannuation Limited ABN 31 008 414 104 is an RSE Licensee.
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)
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.
Executive Officers
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.
Ilaine Anderson
Director, Superannuation and Retirement, AMP Australia
Ilaine was appointed into the role of Director, Superannuation and Retirement within AMP Australia in June 2021. Prior to this, Ilaine was the Managing Director of Workplace Superannuation in AMP.
Ilaine has extensive experience in professional services and wealth management industries, leading client facing teams and marketing functions in Australia and the UK. Ilaine is an experienced senior executive known for building best-practice customer-centric businesses delivering exceptional outcomes for customers and members.
Ilaine is MBA Qualified, is a graduate of Australian Institute of Company Directors and a Board Member for “Financial Executive Women”.
Julia Pryor
Chief Risk Officer, Superannuation, Retirement & Platforms
Julia was appointed to the role of Chief Risk Officer (CRO), Superannuation, Retirement & Platforms in September 2020. As CRO for Superannuation, Retirement & Platforms, Julia has responsibility for the risk oversight of the wealth products business at AMP and is the risk partner to the Trustees.
Prior to joining AMP, Julia held executive risk and legal roles at other major RSE (superannuation) licensees, including MLC Limited (which was part of National Australia Bank). She has 25 years experience in the superannuation and funds management industry in Australia.
Julia has degrees in Law and Arts, and an Executive MA, from Melbourne University.
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 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 2020
- 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
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 2021, the NM Super Board’s progress towards the gender diversity target is 43% women and 57% 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.
AMP Super Fund (ASF)
Note: effective 1 October 2021 Super Directions Fund (SDF) was renamed to AMP Super Fund)
- ASF annual report 2021
- ASF register of significant event notices
- ASF remuneration disclosures
- ASF trust deed
Wealth Personal Superannuation and Pension Fund (Wealth)
- Wealth annual report 2021
- Wealth register of significant event notices
- Wealth remuneration disclosures
- Wealth trust deed
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
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 2020
- ASL board meeting attendance record
- ASL constitution
- ASL nomination, appointment and removal of directors and governance policy
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 2021, the ASL Board’s progress towards the gender diversity target is 43% women and 57% 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 Super Fund and 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) 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.
