AMP Planning recommends external master trusts
By Michael Bailey
AMP Financial Planning has for the first time added four non-AMP employer superannuation master trust providers to its approved products list.
AMP Financial Planning managing director Greg Kirk said the new providers added to the AMP Financial Planning list were ING’s Integra Super, BT’s Lifetime Super, Colonial First State’s FirstChoice and at least one Sealcorp platform, which is yet to be finalised.
Kirk said they had been chosen following a rigorous tender process.
They will accompany the existing range of AMP employer super products: Flexible Lifetime Superannuation, CustomSuper, SuperLeader and Signature Super.
Kirk said the funds all offered a good variety of options and product features with the providers all recognised experts in the employer superannuation market.
“Employer clients can work with their specialist AMP planner to select the right fund from a range of corporate super master trusts — not just one and not just ours,” he said.
AMP has shown a greater willingness in recent times to recommend products and platforms outside its own range.
Late last year, the group acknowledged the ongoing popularity of industry superannuation funds by adding 10 of the union-backed not-for-profit funds to its approved list.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
