AMP has announced investment fee reductions on its superannuation products.
The company’s managing director, superannuation, retirement and platforms, Lara Bourguignon said the reductions formed part of AMP’s program to simplify its superannuation and wrap platform businesses which would see a significant reduction of super products and enable the company to provide more benefits to clients.
She said the fee reductions included:
The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively managed investment strategy.
HESTA has delivered a 10.18 per cent return for its MySuper Balanced Growth option in the 2024–25 financial year, marking the third consecutive year of returns above 9 per cent for the $80 billion industry fund’s default investment strategy.
Sally McManus, secretary of the Australian Council of Trade Unions (ACTU), commented on the proposal after former prime ...
Strong performance across domestic equities and infrastructure assets has seen the fund achieve solid returns for the 2024-25 financial year.