MySuper for Anglican National Super Plan members

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 the Anglican National Super Plan that continues to provide competitive features and fees. This new MySuper default is called ANS MySuper Responsible Investment Leaders (RIL) LifeStages. It's the same as the Plan's current default—Responsible Investment Leaders LifeStages—but with a different fee structure.

The Responsible Investment Leaders investment options (provided by AMP Capital) are the main vehicles for accessing multi-manager responsible investing. The Responsible Investment Leaders investment options have a long-term investment strategy recognising that broader social, ethical, governance, labour and environmental factors can impact long-term business success.

Read a full description of the ANS MySuper RIL LifeStages investment approach.

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 Anglican National Super Plan your contributions will now be automatically directed to the ANS MySuper RIL LifeStages investment option.

You'll continue to have one super account, but for the time being you'll have two balances split between:

1. ANS MySuper RIL LifeStages, 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.

For your Anglican National Super plan 9054335 or 9064435 you can choose to switch your investment option by completing and returning the Investment option selection form (80009.18).

For your Anglican National Super plan 9061625 or 9054515 you can choose to switch your investment option by completing and returning the Investment option selection form (80009.19).

Before July 2017, the balance of your current default investment option will be transitioned across to ANS MySuper RIL LifeStages. We'll give you 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 the Anglican National Super Plan, you can switch your investment from your current default investment option or ANS MySuper RIL LifeStages.

The fees associated with the ANS MySuper RIL LifeStages are listed in the MySuper information brochure, the 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.

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

• ANS MySuper RIL dashboard - Conservative investment option
• ANS MySuper RIL dashboard - Balanced investment option
• ANS MySuper RIL dashboard - Growth investment option
• ANS MySuper RIL dashboard - High Growth investment option
  

When you leave the Anglican National Super Plan, we'll transfer you to the Anglican National Super Personal Plan.

You'll remain invested in ANS MySuper RIL LifeStages and the MySuper fees as listed in the information brochure you received will continue to apply.

The MySuper fees outlined in the information brochure will continue to apply in your personal plan however insurance, investments and other choice fees are some of the features that may change.

When you leave your employer plan, we'll write to you to confirm the details of your membership in the personal plan and to provide you with details of any differences.

To comply with the requirements of MySuper, changes to some of the current product features have been made.

Changes to your existing LifeStages approach

Since we have now introduced a new MySuper LifeStages approach, any existing LifeStages arrangements will cease from 1 January 2014.

What does this mean?

If you continue to have a balance in RIL LifeStages (the Plan's current default) after 1 January 2014, then you will remain in the same underlying investment option appropriate to your age (as at 31 December 2013) until such time that your balance is transitioned across to ANS MySuper RIL LifeStages.

Alternatively, if you have chosen the RIL LifeStages approach, you will remain in the same underlying investment option appropriate to your age (as at 31 December 2013) until you choose to switch your balance to ANS MySuper RIL LifeStages or to another investment option(s) in the Plan.

You can switch your balance by logging onto My Portfolio or by completing and returning to us an Investment Options Selection form.

Small account protection

From 1 January 2014, the small account protection feature will no longer apply. This means that members with account balances less than $1,000 will no longer receive rebates relating to fees on their account.

It's a great time to review your investment choices and select an investment strategy that best suit your needs. As your preferences, financial situation and long term goals change, you can adjust your investment strategy and investment mix to meet your changing needs. Before making an investment choice, please refer to Choosing investment options.

Staying on top of your super is easy through AMP's secure member site, My AMP, an online site that provides you with the ability to manage your AMP accounts online 24/7.

It takes two minutes to register and you can plan you super future online including selecting investment options, checking your balance, updating contact details, simulating your retirement future and producing your own Super Future report.

You can access or register for My Portfolio at amp.com.au/myamp.

ANS MySuper RIL LifeStages investment approach

ANS MySuper RIL LifeStages automatically lowers your investment risk profile as you get older by switching your savings to less risky investments.

In the early stages of your working life, ANS MySuper RIL LifeStages gives you greater exposure to investments with potential for growth (historically having higher returns and higher levels of risk). As you get older, ANS MySuper RIL LifeStages automatically switches your investment, at particular ages, to have an increasing exposure to defensive investments (less risky, mainly cash and fixed interest investments).

The aim is for your savings to have greater stability in the years before retirement, when your account balance is more sizeable and there's less time to recover any short-term losses.

The following table shows the different age bands, risk profiles and investment options attached to each stage of ANS MySuper RIL LifeStages:

ANS MySuper Responsible Investment Leaders Conservative

Aim and strategy: To provide a total return (primarily income with some capital growth) after costs and before tax, above the return from the relevant benchmarks of the underlying investments on a rolling three-year basis. The portfolio invests in all asset classes, with a core of cash and fixed interest and some exposure to shares and property.

With the exception of cash, the portfolio is managed using a responsible investment approach, (see additional information about Responsible Investment Leaders for more information).

Suggested minimum investment timeframe: 3 years

Standard risk measure: 3/ Low to medium

ANS MySuper Responsible Investment Leaders Balanced

Aim and strategy: To provide a total return (income and capital growth) after costs and before tax, above the return from the relevant benchmarks of the underlying investments on a rolling five-year basis and to provide a rate of return of 3.5% pa above inflation (Consumer Price Index (CPI)), after costs and before tax, over a 5 year period.

The portfolio invests in all asset classes, but with an emphasis on growth assets (shares and property). With the exception of cash, the portfolio is managed using a responsible investment approach (see additional information about Responsible Investment Leaders for more information).

Suggested minimum investment timeframe: 5 years

Standard risk measure: 5/ Medium to high

ANS MySuper Responsible Investment Leaders Growth

Aim and strategy: To provide a total return (income and capital growth) after costs and before tax, above the return from the relevant benchmarks of the underlying investments on a rolling five-year basis. The portfolio invests in all asset classes, but with an emphasis on growth assets (shares and property). With the exception of cash, the portfolio is managed using a responsible investment approach (see additional information about Responsible Investment Leaders for more information).

Suggested minimum investment timeframe: 5 to 7 years

Standard risk measure: 6/ High

ANS MySuper Responsible Investment Leaders High Growth

Aim and strategy: To provide a total return (primarily capital growth with some income) after costs and before tax, above the return from the relevant benchmarks of the underlying investments on a rolling 7 year basis through a diversified portfolio of Australian and international shares.
With the exception of cash, the portfolio is managed using a Responsible Investment approach – an approach that focuses on investing in companies that contribute to a socially and environmentally sustainable world (see additional information about Responsible Investment Leaders for more information).

Suggested minimum investment timeframe:: 7 years

Standard Risk Measure: 6/ High

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

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

Investment options selction forms

Investment options switch form (80009.18) for plans 9054335 or 9064435
Investment options switch form (80009.19) for plans 9061625 or 9054515