POWERED BY MOMENTUM MEDIA
Corporate super solution for mid-sized businesses
AMP has launched a new corporate superannuation solution for the middle market, a section that now makes up 25 per cent of Australian workers.
AMP SignatureSuper Select offers medium-sized companies with between 50-750 employees a corporate superannuation product with over 30 investment options, insurance options, a tiered pricing structure and access to AMP MySuper lifecycle options.
"With SignatureSuper Select employers can offer their employees a first rate superannuation solution with flexible features, including an option for employers to pay employees' insurance premiums and a diversified range of investment options," director corporate superannuation Libby Roy said.
"AMP recognises the importance of the middle market as a growth engine for the Australian economy.
"It's important that these businesses get superannuation right for their employees, and we recognise that can sometimes be onerous to manage."
Customers with the corporate super solution will have access to AMP's MyPortfolio so they can manage their account information online.
"SignatureSuper Select allows them to offer a customised and holistic superannuation offer to their employees regardless of the size of their business," Roy said.
The solution joins the existing super products, including SignatureSuper, which caters mostly to the large and mega employer market.
Recommended for you
With the latest print of GDP figures overshooting economist expectations, analysts have warned that the Reserve Bank of Australia (RBA) could face a difficult policy path ahead.
The peak body has called on the corporate watchdog to add superannuation to its recently announced simplification process that aims to cull red tape in financial services.
APRA has highlighted cyber security, AI oversight, geopolitical risks, and system stress testing as key concerns for superannuation and banks.
AustralianSuper CEO Paul Schroder has warned the superannuation system must be “reset” to deal with a looming wave of retirements, as millions of Australians prepare to leave the workforce over the next decade.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
