Clients approaching retirement are often concerned about market volatility and how major market downturns could impact their standard of living. MyNorth Guarantees can help safeguard your clients' wealth and we have introduced new guarantees that are more flexible and easier to use. They will be available from a MyNorth Super, Pension and Investment account. Here’s a snapshot on what’s new (more information is in the MyNorth Super and Pension Guarantee PDS - Part B and MyNorth Investment Guarantee PDS).
At a glance
5-year guarantees |
10-year guarantees | |
Protection of initial investment |
✓ | ✓ |
Early access |
✓ |
✓ |
Growth lock-in |
Optional | ✓ |
Vesting |
Not available | Optional |
Guarantee fees(i)
|
1.25% pa 1.95% pa with optional growth lock-in |
1.45% pa 1.85% pa with optional vesting |
Savings invested in(ii) |
MyNorth Guardian Max 85 Fund | MyNorth Guardian Max 100 Fund |
Investment management costs |
0.60% pa | 0.63% pa |
Income |
Automatically reinvested into existing units | Automatically reinvested into existing units |
Investment objective |
To provide moderate growth over the medium to long term, with moderate fluctuations in value likely. | To provide moderate to high growth over the long term, with larger fluctuations in value likely. |
Investment strategy |
To primarily invest in a diversified mix of defensive and growth assets, with a long-term average allocation to equities of approximately 70%. | To primarily invest in a diversified mix of defensive and growth assets, with a long-term average allocation to equities of approximately 85%. |
Investment range |
This fund will rebalance allocations between equities and cash in response to market volatility. Equity exposure has a floor of 11% and is capped at 85%. | This fund will rebalance allocations between equities and cash in response to market volatility. Equity exposure has a floor of 14% and is capped at 100%. |
Asset class allocation – long term target |
|
|
Key considerations for MyNorth Guarantees
(i) Guarantee fees are deducted from the cash account linked to the guarantee. Product administration fees, taxes and account fees may also apply – refer to the relevant PDS for more information.
(ii) The actual asset allocation (for equities and cash) for the MyNorth Guardian Funds can vary at any point in time within the above pre-determined ranges due to market volatility, as per the investment objective of the funds. AMP also reserves the right to review the investment strategy limits annually, we’ll let you know of any changes in advance. Refer to the MyNorth Guardian Investment Options PDS for more information.
How MyNorth Guarantees work
Here's an example of how the 10-year guarantee with vesting works

Things you need to know
This illustration does not account for the guarantee fees or tax liabilities attributed from the guaranteed investment over the life of the guarantee. The guarantee fee for the 10-year guarantee with vesting feature is 1.85%pa, based on the protected balance. While this hypothetical scenario illustrates a guarantee benefit payment at the end of the term, there are circumstances where the investment value will be greater than the protected balance at the end of the term and a guarantee benefit is not payable. This is for illustrative purposes only and not an indicator of actual performance or investment returns
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Important information
This page has been provided by NMMT Limited ABN 42 058 835 573, AFSL 234653 (NMMT). It’s for professional adviser use only and must not be distributed or made available to retail clients. It contains general advice only and doesn’t considered any person’s personal goals, financial situation or needs. A person should consider whether this information is appropriate for them before making any decisions. Visit northonline.com.au to obtain the disclosure documents for MyNorth Super and Pension, MyNorth Investment Guarantee and the MyNorth Investment IDPS Guide. You should also be aware that past performance is no guarantee of future performance.
You can read the AMP Financial Services Guide online for more information, including the fees and benefits that AMP companies and their representatives may receive in relation to products and services provided. You can also ask us for a hard copy on Contact us on 1800 667 841 for a copy.
MyNorth is a trademark registered to NMMT. MyNorth Super and Pension is issued by N.M. Superannuation Pty Limited (ABN 31 008 428 322, AFSL 234654). MyNorth Investment is operated by NMMT. MyNorth Investment Guarantee is issued by National Mutual Funds Management Limited ABN 32 006 787 720, AFS Licence No. 234652.