AMP Super review
Long-established retail fund, post-royal-commission remediation.
Who it's best for
Members who want to stay for existing insurance or adviser relationship after running the numbers.
The good
- Broad adviser network
- Wide Choice menu
The less-good
- MySuper default fees among the higher end of the market
- Historical returns in some AMP products have been a known underperformer — APRA has flagged several
- Active simplification program — expect product mergers and fee changes
The numbers in detail
| MySuper product | Lifestages |
|---|---|
| Asset mix | Lifestages — age-based glidepath |
| Fixed admin fee | $104/yr |
| % fee (investment + indirect) | 1.20% |
| Insurance default | Default varies by product tier |
| Choice options available | 40 |
| APRA performance assessment | Mixed |
How AMP Super compares
Run AMP Super through our fund comparison tool alongside AustralianSuper, Hostplus, and UniSuper at your actual balance — the dollar fees at $50k can look very different at $250k or $15k, and the ranking sometimes flips. You can also project your own retirement outcome with its fee and return using the retirement projection calculator.
Switching to (or from) AMP Super
Switching supers involves four steps that matter: check the insurance you'd lose when closing, update your employer's Standard Choice form so SG flows to the right place, consolidate via myGov, and confirm the rollover lands. Our consolidation guide has the full walkthrough.
The official source
Always verify current fees, insurance terms and investment options on the fund's own PDS before making a decision. amp.com.au has the latest. The figures on this page are indicative and updated periodically from the APRA heatmap and the fund's PDS.
General information only — not financial advice. Super decisions are long-term; verify with a licensed adviser. Figures on this page are indicative — verify on the fund's PDS.