AMP and the AFL Players’ Association (AFLPA) today announced an extension of their 20-year partnership to provide AFL players with default superannuation.
The re-appointment follows a comprehensive review process commissioned by the AFLPA and AFL, conducted by independent consultants.
AMP Australia Chief Executive Alex Wade said he was delighted to be continuing AMP’s long-term partnership with the AFL Players’ Association.
“This new agreement is strong recognition of the quality, competitiveness and security of AMP’s workplace superannuation offer.
“The quality and flexibility of AMP’s insurance offer, competitive investment management fees and insurance premiums, investment performance, diversified MySuper portfolios, and AMP’s comprehensive Financial Wellness and education programs, were all identified by the AFLPA as reasons for their decision.
“AFL football is an important part of so many people’s lives, and we’re committed to helping players manage their unique career and income profiles, and build sustainable long-term wealth,” said Mr Wade.
AFLPA CEO Paul Marsh said the review process highlighted that AMP’s offering remains best placed to service the unique needs of current and past AFL players.
“After an extensive independent review process, the AFLPA Board made the decision to continue with the AFL Players’ Association’s longstanding partnership with AMP,” he said.
“Through the review it was clear that AMP’s super fund was the preferred option to support the unique requirements of AFL players.”
AMP will continue to provide superannuation plans to more than 3,500 past and present AFL players as part of the agreement, and provide education services in conjunction with Shadforth Financial Group.
AMP partners with thousands of large and small businesses across Australia to provide superannuation to their employees.