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.
Recommended for you
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
