Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 92 results for "AMP Super"

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
AMP has settled a class action brought against N.M. Superannuation, AMP Superannuation and AMP Services, agreeing to pay $120 million. The class action was brought on behalf of superannuation clients and their beneficiaries for the period of July 2008 ...

Super funds break records, inactive accounts balloon

KARREN VERGARA  |  WEDNESDAY, 10 SEP 2025
... idle money and ART with $30.6 billion. AustralianSuper has 515,390 inactive accounts while ART has 364,750. MLC Super, AMP Super and Mercer Super Trust have $18.3 billion, $16.6 billion and $14.8 billion respectively in active accounts - the highest ...

AMP Super rolls out cashback feature

MATTHEW WAI  |  THURSDAY, 14 AUG 2025
The new feature will allow AMP Super members to boost their retirement savings by earning cashbacks, which could grow their balances by as much as $100,000 when they retire. Despite the significant benefits of compounding, AMP found the concept is poorly ...

Cbus, MLC, AMP Super pump more into Atmos Renewables

MATTHEW WAI  |  TUESDAY, 12 AUG 2025
Cbus, MLC and AMP Super have contributed to a $400 million capital raise for Atmos Renewables, which will support two landmark developments and the creation of some 70 jobs. Atmos was acquired by First Sentier's Igneo Infrastructure Partners in March ...

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... who held life insurance, total and permanent disability (TPD) insurance and/or salary continuance insurance through an AMP super fund between June 2019 and April 2024. Shine Lawyers is encouraging affected members to register their interest, adding that ...

AMP hit with multiple court filings

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
AMP has been served two separate legal proceedings; one a fresh class action and the other from Dexus Funds Management. The class action - which has been lodged in the Federal Court of Victoria - has been filed against N.M. Superannuation Proprietary ...

AMP Super delivers double digit returns in FY25

MATTHEW WAI  |  WEDNESDAY, 2 JUL 2025
AMP delivered strong returns for its MySuper and Future Directions members in the year to June 30. For the period, members of AMP's MySuper 1970s, 1980s and 1990s options have achieved returns of 12.7%, 12.9% and 12.8% respectively. Meanwhile, MySuper ...

AMP launches superannuation feature to boost retirement income

ANDREW MCKEAN  |  MONDAY, 2 JUN 2025
AMP has launched AMP Super Lifetime; a superannuation feature it claims could lift members' retirement incomes by over $100,000 in the first decade post-work. AMP Super Lifetime runs automatically in the background of a member's super account, creating ...

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
A class action that was filed against AMP for charging excessive superannuation fees is finally being heard in court, with the trial kicking off today. In 2019, following the Royal Commission, several law firms sought to commence class actions against ...

AMP super and investments business see more outflows

ELIZA BAVIN  |  THURSDAY, 17 APR 2025
... another quarter of reduced outflows," AMP chief executive Alexis George said. "This has been driven by our solid offer for AMP super through low fees, strong investment performance and a competitive insurance offer helping to drive retention." The wealth ...