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Trustee information

Annual Performance Test

The Annual Performance Test (APT) was introduced in July 2021 to assess the long-term investment performance of MySuper products. From 1 July 2023, the APT was expanded to apply to Trustee-Directed Products (TDPs), being multi-asset investment options in the accumulation phase of superannuation and managed by the Trustee or a connected entity (related party).

The test is conducted by APRA and investment options that don’t meet the benchmark, as set out by the regulations, are classed as underperforming.

APRA has notified NM Superannuation Pty Ltd (as Trustee) of the AMP Super Fund and Wealth Personal Superannuation and Pension Fund of the APT results for 2023.

  • AMP Super Fund – all MySuper and Choice TDPs on SignatureSuper that were subject to the test have passed.
  • Wealth Personal Superannuation and Pension Fund – To view the TDP investment options that were subject to the test and failed, click here.

Summary of Retirement Income Strategy


The AMP Retirement Income Strategy (the Strategy) is comprised of the Retirement Income Strategies for the AMP Super Fund and Wealth Personal Superannuation and Pension Fund.  The Strategy is issued by N.M. Superannuation Pty Ltd as trustee (the Trustee).

The Strategy aims to increase comfort and confidence for Australian retirees. Our strategic ambition is to be the leading provider of retirement solutions in Australia, and to support retirees with a broad range of guidance, support and advice to empower them to enjoy their best possible retirement. This aligns to the Trustee’s vision to operate with autonomy and objectivity in providing the best possible retirement outcomes for members.

This Strategy applies to all AMP superannuation members approaching and in retirement, and more broadly to all Australians who wish to experience a more comfortable and confident retirement by joining AMP.

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.


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

Executive Officer since January 2024

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. 

 

Kavita Mistry

Chief Technology Officer

Executive Officer since January 2024

Kavita Mistry is an accomplished technology leader with expertise in driving transformational change to deliver strategic and commercial objectives. Kavita has more than 20 years' experience across a variety of technology roles specialising in financial services, including superannuation, investments, digital, data, lending, and corporate applications.

Prior to AMP Kavita was at AustralianSuper, where she held the roles of co-acting-CTO and Head of Enterprise Technology. At AustralianSuper she established and transformed technology capabilities across investments, member experience, cloud infrastructure, employee experience, data, CRM and enterprise technology assets. Prior to this, Kavita held various senior positions over 14 years at ANZ, including leadership roles within Home and Business lending technology.

 

Melinda Howes

Group Executive, Superannuation and Investments

Executive Officer since January 2024

Melinda joins AMP from KPMG, where she has worked since April 2022, consulting across the superannuation, insurance and actuarial practices, leveraging her 30 plus years of experience in superannuation and insurance.

Prior to KPMG, Melinda was Managing Director of Superannuation for BT Financial Group, successfully delivering a three-year business simplification program. Additionally, Melinda developed the business’s capability in digital services, building digital journeys and launching a market leading supercheck tool.

Melinda has also held senior roles previously at AMP, as well as with the Actuaries Institute and the Association of Superannuation Funds Australia.

 

Anna Shelley

Chief Investment Officer, Executive Director

Executive Officer since December 2023

Anna has an extensive background in investment management, investment advice, business strategy and product strategy and development. Anna spent the first 14 years of her career at JANA Investment Advisers as a Principal Consultant, Head of Australasian Equities research and Deputy Head of Consulting. She then worked at MLC Investment Management as Head of Product, responsible for $62bn of retail and institutional products, before moving to Perpetual Investments where she was General Manager, Product and Strategy across Perpetual's $33bn FUM. After relocating to Melbourne, Anna became Chief Investment Officer of Catholic Super, a $10bn industry fund which then merged with Equipsuper in October 2019 to form a $30bn fund. As CIO of the combined funds, she had responsibility for all aspects of investment management, and was responsible for the new investment design which has more than halved Catholic Super's investment fees. Anna is currently Chief Investment Officer of AMP Wealth Management, with circa $105bn FUM across Super, Retirement and Goals-Based Products.

 

Edwina Maloney

Group Executive, Platforms

Executive Officer since June 2021

Edwina was appointed as the Director for Platforms at AMP in June 2021 following over 20 years’ experience in asset and wealth management industries.  Her previous roles included Global Head of Product for AMP Capital and various leadership roles at Perpetual Limited and Accenture. 

Edwina has over 20 years’ experience building and leading high performing global teams across a range of functions including product, business development, sales, strategy and business transformation change programs.

Edwina holds a Bachelor of Laws from the Queensland University of Technology and was admitted as a Lawyer to the QLD Supreme Court in 1999.  She also has a Graduate Diploma In Applied Finance and Investment (FINSIA).

 

Julia Pryor

Chief Risk Officer, Wealth

Executive Officer since October 2020

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.

 

Miriam Herold

Acting Superannuation Trustee Executive, Superannuation Trustee Office

Executive Officer ceased January 2024

Miriam Herold joined AMP as the Head of Member Investment Outcomes and Advice for the Superannuation Trustee Office in May 2020. Miriam is currently a member of the leadership team in the Superannuation Trustee Office for Product and Insurance with responsibility for oversight of the product and insurance arrangements of AMP’s superannuation funds. 

Miriam is an experienced financial services executive with over 20 years’ experience across investment research, portfolio construction and governance roles in Australia and the United Kingdom.  

Prior to joining AMP, Miriam has held various roles at IOOF, Pengana Capital, J.P. Morgan, Dresdner Kleinwort and Henderson Global Investors.

Miriam is currently a member of the Diversity Committee for the CFA Society Sydney and a member of the Women in Super NSW Committee.

 

Jason Sommer

Director, Transformation and Investments and Acting Group Executive, Superannuation & Investments

Executive Officer ceased January 2024 

Jason is a highly successful transformational executive leader. His executive leadership experience spans the superannuation, investment management and life insurance sectors of financial services, and includes investment operations, product, people and culture, finance, strategy and transformation functions.

He has more than 25 years' experience in the financial services industry. Before joining AMP, Jason was an executive at Sunsuper and within the Corporate and Institutional Wealth business of the NAB Group. At both organisations he was part of the executive team to transform these businesses into high performing industry leaders. At AMP Jason is accountable for the Investments business and transformation across Australian Wealth Management. Jason holds a Bachelor of Economics and is a Fellow of the Institute of Actuaries of Australia.

 

Felicia Trewin

Chief Technology Officer

Executive Officer ceased December 2023

Felicia has more than 25 years of experience in technology and joins AMP from AustralianSuper, where she served as Group Executive, Technology Services since 2018, leading the technology function and strategy globally.

Prior to this role, Felicia worked at ANZ Bank in technology leadership roles, including establishing the bank's Emerging Technology Labs, as well as in strategy and business optimisation for the corporate and commercial bank. Felicia also has worked at Microsoft, Deloitte and Accenture, working across Australia, the US and UK.

 

Stuart Eliot

Acting Chief Investment Officer

Executive Officer ceased December 2023

Stuart Eliot joined AMP in April 2022 as the Head of Portfolio Management for AMP Investments. 

Stuart brings more than 30 years of diverse financial markets experience to AMP from his previous roles including 12 years with Pendal Group as Senior Portfolio Manager, Multi-Asset Investments and Portfolio Manager, Diversified Funds. 

Stuart’s experience extends across strategic and dynamic asset allocation, portfolio management and investment research, including a strong focus on responsible investing. 

Prior to joining AMP, Stuart held senior investment banking, trading and quantitative research roles encompassing multiple asset classes at several leading investment banks.

 

Ilaine Anderson

Director, Superannuation and Retirement

Executive Officer ceased December 2023

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”.

 

Scott Hartley

Chief Executive Officer (CEO), Australian Wealth Management

Executive Officer ceased July 2023

Scott was appointed CEO of Australia Wealth Management in January 2021, responsible for AMP’s wealth management division with a focus on delivering leading customer outcomes to drive the long-term growth of the business. 

Scott Hartley has more than 25 years’ experience in executive management roles including over 20 years in the wealth management industry.

Most recently, Mr Hartley was the CEO of Sunsuper. Under his leadership from 2014 to 2019, Sunsuper grew to become the fourth largest by number of clients and the fastest growing “Top 10” superannuation and retirement business. Strong organic growth of the business was also supplemented by two successful mergers with Kinetic Super (A$4 billion and 250,000 members) and Austsafe Super (A$2.7 billion and 100,000 members).

Prior to Sunsuper, Mr Hartley was the Executive General Manager of Corporate and Institutional Wealth at NAB Wealth from 2009 to 2013, including leading subsidiaries Plum Financial Services and Jana Investment Advisors.

Mr Hartley holds a Bachelor of Business Administration from the Queensland University of Technology.

 

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.

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.

Voting - The Proxy Voting Policy applies to NM Super. 

AMP Super Fund (ASF)

Note: effective 1 October 2021 Super Directions Fund (SDF) was renamed to AMP Super Fund)

Wealth Personal Superannuation and Pension Fund (Wealth)

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.

RSEMost 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

WealthInsuranceCare®
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

WealthNorth Super and Pension Guarantee PDS – Part B
WealthGenerations Personal Super and Personal Pension PDS
WealthGenerations Additional information
WealthSummit Personal Super and Personal Pension PDS
WealthSummit Additional information
Wealthipac iAccess Personal Super and Allocated Pension PDS
Wealthipac iAccess Additional information
ASF (was SDF)Simple Super
ASF (was SDF)Tailored Super
ASF (was SDF)Super Directions for Business
ASF (was SDF)Super Directions for Business Rollover Section
ASF (was SDF)Coca-Cola Amatil Superannuation Plan – Pension Members Product Disclosure Statement
ASF (was SDF)Chevron Australia Employees Superannuation Plan -Defined Benefit Pension Members Product Disclosure Statement
ASF (was 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.

RSEMost recently issued PDS and associated material for the closed productIssued 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

ASF (was SDF)

Flexible Lifetime - Term Pension

AMP Superannuation Limited

ASF (was SDF)

Flexible Lifetime - Allocated Pension

AMP Superannuation Limited

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

ASL policies and disclosure documents

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. 

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.]

 ChairmanDirector

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
AMP Superannuation Savings Trust (SST) is now closed; the following documents are presented for historical purposes
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.