MySuper for members of AFLPA & AFL Industry Superannuation Plan

MySuper is a simple default investment option for people who haven't made an active choice about how their super is invested.

If you haven't made an investment choice:

• your super contributions can be automatically directed to the AMP MySuper investment option
• you can choose to continue to contribute to your existing default investment option (if applicable), or
• you can select other investment options within your AMP super product.

If you have made an investment choice, your existing super balance and ongoing contributions will remain in your current investment option(s).

AMP has designed a MySuper arrangement, specifically for members of AFLPA & AFL Industry Superannuation Plan that continues to provide competitive features and fees. This MySuper default investment option is called AFLPA & AFL MySuper.

This default investment option is designed to give you a quality superannuation investment solution, one that takes you all the way through your superannuation savings journey.

This approach, known as lifecycle investing, delivers an investment strategy that continuously evolves to align with the changing stages of a member's life, because we all have different needs at different times.

It takes the hard work out of deciding how to invest your savings by providing the simplicity of a single investment choice.

For more information on AFLPA & AFL MySuper, refer to your plan summary or contact us.

If you have not selected an investment option, your super contributions will be invested in the AFLPA & AFL MySuper lifecycle investment option specific to your decade of birth. In this option, the investment strategy and asset allocation are actively managed and changes as the investment risk profile of your age group changes.

This means that younger investors will be invested into higher-growth investment strategies, because they have a long period to retirement and can afford to take more risk. For those approaching retirement, investments will focus more on preserving the capital you've have built up, reducing risk and changing the focus towards assets that preserve your savings.

Most importantly, your investment allocation will be actively managed as you get older, even if you don't take any interest in your super.

The following table shows the different decades of birth and the name of the applicable AFLPA & AFL MySuper investment option:

The following diagram shows the lifecycle investment of a member born in the 1990s:

Read a full description of the AFLPA & AFL MySuper investment options.

If you have made an investment choice, your existing super balance and ongoing contributions will remain in your current investment option(s).

If you haven't selected an investment option in the AFLPA & AFL Industry Superannuation Plan, your contributions will now be automatically directed to the AFLPA & AFL MySuper investment option.

You'll continue to have one super account but, for the time being, you'll have balances in two investment options:

1. AFLPA & AFL MySuper, where your contributions from 1 January 2014 will be invested, and
2. your current default investment option, where your contributions to 31 December 2013 are invested.

Alternatively, you can choose to switch your investment option by logging into My Portfolio or by completing and returning this Investment option selection form (80009.15).

Before July 2017, the balance of your current default investment option will be transitioned across to AFLPA & AFL MySuper. We'll give you at least three months' notice before this transition, as you may wish to provide an investment direction at that time. Before making an investment decision, please refer to Choosing investment options.

If you wish to consider any of the other investment options available to members of AFLPA & AFL Industry Superannuation Plan, you can switch your investment from your current default investment option or AFLPA & AFL MySuper at any time.

The fees associated with the AFLPA & AFL MySuper are listed in the MySuper information brochure, current Product Disclosure Statement (PDS) and Plan Summary available from AMP.

What advice fees can be charged?

You can agree with your Financial Planner to pay a fee for services provided to you. This fee may be:

• a one-off dollar amount paid as a lump sum, and/or
• an ongoing advice fee, paid monthly, which is either:
  • a fixed dollar amount, or
  • a set percentage of your account balance.

From 1 January 2014, if you have a percentage of your account balance or one-off amount that you have agreed to pay for financial planning services, this won't include the amount or be deducted from money invested in the AFLPA & AFL MySuper investment option.

These dashboards provide a summary of the investment performance, risk and fees for your MySuper option.

• AFLPA & AFL Industry MySuper dashboard - 1950s investment option
• AFLPA & AFL Industry MySuper dashboard - 1960s investment option
• AFLPA & AFL Industry MySuper dashboard - 1970s investment option
• AFLPA & AFL Industry MySuper dashboard - 1980s investment option
• AFLPA & AFL Industry MySuper dashboard - 1990s Plus investment option
• AFLPA & AFL Industry MySuper dashboard - Capital Stable investment option
  

We can help minimise the risks of investing by providing access to a wide range of investment options. This allows investors to diversify their portfolios across different asset classes, investment managers, investment styles or to select multi-sector investment options.

Here are three things to consider when selecting investment options:

1. Your investment goals

Once you've settled on your personal investment goals, you need to see how well various investment options match your goals and consider whether you require a high return or if a moderate or stable return will be enough. The information provided for each investment option covers issues like the returns the option aims to achieve and the level of risk to which you would be exposed.

2. Your timeframe

The amount of time you intend to invest for is a key factor when making your investment decisions. Investment markets move up and down over time and the value of your investment will move with them. For example, if you want to access your money in the near future, you might prefer investment options whose returns are expected to be less variable (or less volatile). This will give you greater protection against capital loss in the short term. The reverse is also true if you are looking for a long-term investment. In this case, the higher returning investment options usually come with the potential for much more volatility in capital values in the short term.

3. Your attitude to risk

Are you comfortable with receiving low or negative returns in the short term with the aim of obtaining higher returns in the long term or would you be more comfortable with receiving moderate but consistent returns? Your attitude to risk is one of the most important factors to consider before investing. Learn more about the risks of investing and how they are managed. Choosing investment options provides general information on investing and investment options. It's not a substitute for personal financial advice and we recommend that you consider obtaining advice from a qualified financial adviser before selecting investment options.

Investment option selection form (80009.15)