AMP launches new range of funds for KiwiSaver and corporate superannuation investors

28 July 2016

AMP has today launched 16 new funds within its AMP KiwiSaver Scheme providing members access to a total of 27 funds managed by five of the industry’s leading fund managers. Backed by the full range of benefits AMP offers its customers the enhancements create one of the most compelling KiwiSaver schemes in the market.

The new range includes funds managed by ANZ Investments, ASB Group Investments, Fisher Funds Management, Nikko Asset Management New Zealand and single sector and diversified fund options through AMP Capital Investors. The fund managers each have different styles, philosophies and a variety of asset allocation approaches so members can create a best-of-breed investment solution, all through the AMP KiwiSaver Scheme.

It also includes a responsible investment option for the increasing number of Kiwis who want to invest in a socially responsible way, backed by a report1 launched yesterday by the Responsible Investment Association Australasia (RIAA) that shows a significant sum of New Zealand’s capital now being invested responsibly (totaling $78.7 billion).

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Therese Singleton, AMP’s General Manager of Insurance and Investments, says, “KiwiSaver members increasingly want more options when it comes to saving for retirement, particularly as their balances grow and they take a more active role in managing their investments. The new range of funds enables members of our AMP KiwiSaver Scheme to easily access and switch between more funds through a single provider, so they can better manage their investments to help them achieve their financial goals, both now and in the future as their needs change.

“More ‘hands-off’ investors will continue to be well looked after through investment options such as AMP’s Lifesteps, which automatically allocates savings to funds that match a customer’s age over time. However, we are receiving increased demand from members who would like even more fund choice so they can take greater control of their investments, even in retirement with options like the new AMP Income Generator Fund.

“AMP also offers our members a broad range of contemporary benefits, including regular communications, access to digital services including the My AMP app, and member only benefits such as our recent bundled insurance offer, AMP Essentials – all backed by New Zealand’s largest and most diverse network of financial Advisers. That’s why we believe we can do more to help our KiwiSaver members achieve the retirement they deserve.”

From today 9 new funds are also available in AMP’s New Zealand Retirement Trust (NZRT).

AMP has received its licence to receive transfers from UK pension schemes and is preparing to launch a Qualifying Recognised Overseas Pension Scheme (QROPS) product within NZRT. This means AMP customers will be able to transfer their UK pensions to New Zealand and to AMP from existing QROPS in New Zealand and take full advantage of the new range of investment options. AMP expects to be open to QROPS transfers in the next few weeks.

AMP is the third largest KiwiSaver Scheme provider with 12 per cent of the total KiwiSaver market and approximately 240,000 KiwiSaver customers. AMP is a leader in workplace savings with $2.4 billion in its NZRT.

Funds available to AMP KiwiSaver Scheme and NZRT members

KiwiSaver NZRT Fund type
AMP Default fund   Diversified Fund
  AMP Capital Assured Fund Diversified Fund
AMP Conservative Fund * AMP Conservative Fund * Diversified Fund
ANZ Conservative Fund ANZ Conservative Fund Diversified Fund
Nikko AM Conservative Fund Nikko AM Conservative Fund Diversified Fund
AMP Moderate Fund * AMP Moderate Fund * Diversified Fund
ASB Moderate Fund ASB Moderate Fund Diversified Fund
AMP Moderate Balanced Fund * AMP Moderate Balanced Fund * Diversified Fund
AMP Balanced Fund * AMP Balanced Fund * Diversified Fund
ANZ Balanced Growth Fund ANZ Balanced Growth Fund Diversified Fund
ASB Balanced Fund ASB Balanced Fund Diversified Fund
Fisher Balanced Fund Fisher Balanced Fund Diversified Fund
Nikko AM Balanced Fund Nikko AM Balanced Fund Diversified Fund
AMP Growth Fund * AMP Growth Fund * Diversified Fund
ANZ Growth Fund ANZ Growth Fund Diversified Fund
ASB Growth Fund ASB Growth Fund Diversified Fund
Nikko AM Growth Fund Nikko AM Growth Fund Diversified Fund
AMP Aggressive Fund * AMP Aggressive Fund * Diversified Fund
AMP Global Multi-Asset Fund 2 AMP Global Multi-Asset Fund Goal-Based Fund
AMP Income Generator Fund 3 AMP Income Generator Fund Goal-Based Fund
AMP Responsible Investment Balanced Fund 4 AMP Responsible Investment Balanced Fund Responsible Fund
AMP Cash Fund AMP Cash Fund Single-Sector Fund
AMP NZ Fixed Interest Fund AMP NZ Fixed Interest Fund Single-Sector Fund
AMP International Fixed Interest Fund AMP International Fixed Interest Fund Single-Sector Fund
AMP Australasian Shares Fund AMP Australasian Shares Fund Single-Sector Fund
AMP International Shares Fund AMP International Shares Fund Single-Sector Fund
AMP Passive International Shares Fund AMP Passive International Shares Fund Single-Sector Fund
AMP Property Fund AMP Property Fund Single-Sector Fund

* Funds in the Lifesteps Investment Programme (Lifesteps)
New funds are highlighted in blue

Some things to know about AMP:

  • AMP has one of the largest financial advice networks in New Zealand.
  • AMP’s customers hold more than 830,000 investment, savings and insurance products.
  • AMP is the third largest KiwiSaver Scheme provider with 12 per cent of the total KiwiSaver market and approximately 240,000 KiwiSaver customers.
  • AMP holds licences as a Manager of Managed Investment Schemes and to provide a Discretionary Investment Management Service.
  • Since 1998, AMP has awarded more than $2 million through the AMP Scholarship Programme to help Kiwis achieve their dreams. Visit amp.co.nz/scholarships.

In 2015, AMP:

  • Supported 2,048 families in their time of need by paying out $108.5 million in life insurance and $26.3 million in trauma claims.
  • Helped 486 New Zealanders who were unable to return to work because of an illness or injury by paying out $16.8 million in income protection insurance.
  • Assisted 116 Kiwis to return to work following a major illness or injury.
  • Paid $79.7 million in general insurance claims.
  • Wrote $504.2 million in new mortgages.
  • Helped 42,904 New Zealanders by providing advice over the phone.

Important information

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1 http://responsibleinvestment.org/resources/benchmark-report/

2 The introduction of the AMP Global Multi-Asset Fund provides investors a positive return above inflation and actively responds to changing market conditions with a flexible approach to investing. It gives investors a smoother investment journey.

3 The AMP Income Generator Fund is designed for income focused investors, which specifically targets income-producing assets and pays a monthly distribution, which will be reinvested into units. Members can set up a regular withdrawal from this fund in accordance with the permitted withdrawal rules of the Scheme/Plan. Whilst the AMP Income Generator Fund is well diversified into many types of investments, there is risk of capital loss and should not be compared with lower risk investments, such as bank deposits.

4 The Responsible Investment Balanced Fund provides an option for investors who want to invest in a diversified balanced fund, but also want to ensure environment, social, governance and ethical considerations are taken into account.

1 http://responsibleinvestment.org/resources/benchmark-report/