AMP member report to boost super engagement
AMP will be rolling out a superannuation member benefits report that the company says is designed to be highly personalised, easy to read and understand, and helpful for member engagement.
AMP said the report would be sent to all 280,000 members of AMP CustomSuper and SignatureSuper across both direct and planner managed plans by the end of the year.
The report will help members make an informed decision about further education and advice, according to AMP’s director of customer value Peter Nicholas.
“By engaging and helping members understand their superannuation, the report helps members realise whether their super will be adequate or not and allows members to take action where it is in their best interests,” he said.
The report contains a summary of a member’s details including salary, superannuation balance, contributions and insurance, with a projection of the lump sum balance at retirement and post-retirement income.
AMP said the report earned an “Excellence in member communications” award at the recent Association of Superannuation Funds of Australia (ASFA) Communications Awards.
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