Trustee documents and downloads

AMP Superannuation Limited (ASL)

The conflicts management policy documents the policy, controls and processes that ASL and NM Super have implemented to identify, monitor and manage / avoid all potential and actual conflicts of interest and duty that arise in relation to the trustee's business. This policy also documents the processes to identify conflicts arising from ASL and NM Super's relationship (or the relationship of a responsible person) with an existing or prospective service provider, including those that have the potential to affect the service provider's performance of the obligations undertaken by it in respect of the trustee's business operations.

Diversity - ASL has adopted the AMP inclusion and diversity policy. The ASL Board has a gender diversity target of 40:20:20 whereby board positions are to be filled by 40% women, 40% men and 20% either men or women by 2020, having regard to the current size of the board and tenure of the incumbent directors, given the benefits of continuity of experience. Representation of women on the ASL Board is currently at 40%.

Environmental social governance - ASL has adopted the AMP Capital environmental social governance and responsible investment philosophy.

Remuneration - The non-executive directors are paid a single fee in their capacity as directors of the ASL and NM Super Boards and in connection with the management of ten Trusts (AMP Retirement Trust, AMP Superannuation Savings Trust, AMP Eligible Rollover Fund, Super Directions Fund, National Mutual Retirement Fund, National Mutual Pro Super Fund, Wealth Personal Superannuation and Pension Fund, Synergy Superannuation Master Fund, First Quest Retirement Service and The Retirement Plan).

The following fees (exclusive of superannuation) applied for roles undertaken by individual non-executive directors effective from April 2015:

Role $
Board  
Chair 74,200
Non-executive directors 56,700
Audit Committee  
Chair 15,500
Non-executive directors 10,300

The only benefit provided to non-executive directors for the 2015 financial year was superannuation. Superannuation contributions totalling 9.50 per cent of fees are paid in addition to board and committee fees. No retirement benefits are provided to non-executive directors.

For further information, including remuneration of the executive director and other executive officer, refer to the remuneration disclosures for each of the ten Trusts published on this webpage.

Voting - The AMP Proxy Voting Policy applies to ASL. The assets of the ASL funds ART, ERF and SST are invested solely in an investment life policy issued by AMP Life Limited (AMP Life). ASL has no right to vote on the corporate actions of the underlying assets held by AMP Life.

Representation of women on the ASL Board is currently at 20%, and ASL remains committed to meeting its 30% target by 2017.

 

From time to time a trustee will close a product. This means the product is no longer open to new members although existing members can continue to make contributions and withdrawals.

Once a product is closed to new members, the trustee will continue to notify all members of any changes to the product's features and benefits that may affect them. However, the trustee is no longer required to update the product's product disclosure statement (PDS) and any associated material, such as fact sheets.

The most recent copy of the PDS for all closed ASL products for which a PDS has been issued for your information. The information in the PDS was only current to the date on the front of the document. For information on the product after this date please visit the product web page on amp.com.au/superannuation. Information can also be obtained by calling 131 267 or emailing askamp@amp.com.au.

RSE Most recently issued PDS and associated material for the closed product
SST

Flexible Lifetime - Term Pension

SST

Flexible Lifetime - Allocated Pension

SST

AMP Retirement Savings Account

NM Superannuation Proprietary Limited (NM Super)

The conflicts management policy documents the policy, controls and processes that ASL and NM Super have implemented to identify, monitor and manage / avoid all potential and actual conflicts of interest and duty that arise in relation to the trustee's business. This policy also documents the processes to identify conflicts arising from ASL and NM Super's relationship (or the relationship of a responsible person) with an existing or prospective service provider, including those that have the potential to affect the service provider's performance of the obligations undertaken by it in respect of the trustee's business operations.

Diversity - NM Super has adopted the AMP inclusion and diversity policy. The NM Super Board has a gender diversity target of 40:20:20 whereby board positions are to be filled by 40% women, 40% men and 20% either men or women by 2020, having regard to the current size of the board and tenure of the incumbent directors, given the benefits of continuity of experience. Representation of women on the NM Super Board is currently at 40%.

Remuneration - refer to ASL policies and disclosure documents for ASL and NM Super’s non-executive directors’ remuneration.

Environmental social governance - NM Super has adopted the AMP Capital environmental social governance and responsible investment philosophy.

Voting - The AMP Proxy Voting Policy applies to NM Super. The assets of the NM Super funds SDF, NMRF and NM Pro-Super are invested solely in an investment life policy issued by The National Mutual Life Association of Australasia Limited (NMLA). NM Super has no right to vote on the corporate actions of the underlying assets held by NMLA. The assets of the NM Super platform funds (Wealth and TRP) are invested through the platform operator, NMMT Limited (NMMT). NMMT (as an agent of NM Super) exercises any proxy voting rights that vest in NM Super in line with the AMP Proxy Voting Policy.

Summary of voting behaviour over the past financial year for investments in the platform funds - Proxy Voting Summary.

From time to time a trustee will close a product. This means the product is no longer open to new members although existing members can continue to make contributions and withdrawals.

Once a product is closed to new members, the trustee will continue to notify all members of any changes to the product's features and benefits that may affect them. However, the trustee is no longer required to update the product's product disclosure statement (PDS) and any associated material, such as fact sheets.

The most recent copy of the PDS for all closed NM Super products for which a PDS has been issued is provided for your information. The information in the PDS was only current to the date on the front of the document. For information about the product after the issue date of PDS, please visit the product web page at the following sites:

SDF, NMRF, Wealth, TRP products: www.amp.com.au/superannuation, or emailingaskamp@amp.com.au

First Quest products: www.firstquest.com.au

Synergy products: www.scml.com.au

Closed products with PDSs issued by NM Super

The AMP Group merged with AXA Asia Pacific Holdings Limited (now called AMP AAPH Limited) on 30 March 2011. At the time of the merger, NM Super was a subsidiary of AXA Asia Pacific Holdings Limited. NM Super is now a member of the AMP Group. Some of the PDSs below were issued by NM Super prior to the merger and do not feature current AMP Group branding.

RSE Most recently issued PDS and associated material for the closed product
FirstQuest

First Quest Retirement Service - Superannuation and Income Stream

SDF

Living Security Program - Superannuation

SDF

Retirement Directions Allocated Pension Plan

SDF

Superannuation Life Protection Plan

SDF

Super Directions Personal Super Plan

Synergy

East West Administration Service - Superannuation and Income Stream

Synergy

Synergy Retirement Service - Superannuation and Income Stream

TRP

PortfolioCare Elements - Term Allocated Pension

TRP

PortfolioCare eWRAP - Term Allocated Pension

TRP

PortfolioCare Service - Term Allocated Pension

TRP

WealthView eWRAP- Term Allocated Pension

Wealth

iAccess Portfolio Planning Solutions Personal Superannuation

Wealth

iAccess Strategic Service

Wealth

iAccess Term Allocated Pension

Wealth

Generations Personal Pension Term Allocated Pension

Wealth

Summit Personal Pension Term Allocated Pension

Wealth

Summit Personal Super - Remcon Plan

Wealth

Summit Personal Super and Pension - Limon

Closed products with PDSs issued by another trustee

NM Super is now the trustee for some funds previously managed by another trustee. Some of the products in these funds are closed and the most recent PDS was issued by the previous trustee. The PDSs for these products are shown below. Some of the PDSs below were issued prior to the transfer of trustees and do not feature current AMP Group branding. NM Super makes no warranty as to the accuracy of the information they contain.

RSE Most recently issued PDS and associated material for the closed product Issued by
FirstQuest

First Quest Retirement Service - Term Allocated Pension

Synergy Capital Management Limited

SDF

Life Insurance Superannuation Plan & Income Insurance Superannuation Plan

NMLA
Synergy

Personal Choice Retirement Plan Allocated Pension

Synergy Capital Management Limited
Synergy

Personal Choice Retirement Plan Super

Synergy Capital Management Limited

Synergy

Synergy Retirement Services - Term Allocated Pension

Synergy Capital Management Limited

For any queries regarding these documents, please e-mail polinfo@amp.com.au.

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