This product is closed to new business
As we simplify our business, we’re looking to reduce the number of our investment products to focus on more contemporary and sustainable ways to invest. We’ve decided to close Flexible Lifetime - Investments to new investment from 20th November 2020.
What this means for you
The following arrangements will end from 1.00pm on 20 November 2020.
- Debits from your nominated bank account into any regular investment plan set to Flexible Lifetime – Investments.
- Switching from one Flexible Lifetime - Investments option to another.
- Any auto-rebalancing facility for Flexible Lifetime – Investments.
- Reinvestment of distribution payments – these will instead be credited to your nominated bank account.
As a current investor, you can choose to:
- stay invested in the investment options
- withdraw some of your investment
- withdraw all your investment, or
- transfer your investment to another product.
To stay up to date about how your product is tracking, take a look at its performance and unit prices.
Flexible Lifetime – Investments (Series 1)
Flexible Lifetime – Investments (Series 2)
Why is this happening?
AMP is simplifying its product range so we can offer excellent value and competitive products to meet investor’ needs.
Who will this affect?
This change affects all clients within the Flexible Lifetime – Investments.
When will I receive information about this change?
AMP is letting Flexible Lifetime - Investment clients know via letter or email in early November 2020. You can access the letter on My AMP.
If AMP does not have your current bank account details, you should receive a request to confirm your bank details so we can action your withdrawal promptly and issue you a direct credit for your distribution payments. Please return your details as quickly as possible by completing and returning the Changing your bank account details form.
How do I update my bank account details?
Who do I contact for more information?
If you have any other questions, please speak with your adviser or call us on 133 267 from 8.30am to 7.00pm (Sydney time), Monday to Friday.
Mon - Fri: 8.30am – 7pm (AEST)
Before deciding what’s right for you, it’s important to consider your particular circumstances and read the relevant Product Disclosure Statement, Target Market Determination or Terms and Conditions available from AMP at amp.com.au or by calling 131 267.
Any advice and information provided is general in nature, hasn’t taken your circumstances into account, and is provided by AWM Services Pty Ltd ABN 15 139 353 496 (AWM Services), which is part of the AMP group (AMP). Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.
ipac Asset Management Limited (ipac) is the issuer of Flexible Lifetime – Investments. Flexible Lifetime is a registered trademark of AMP Limited.
ipac has elected to shorten the maximum period by which an exit statement must be given in respect of Flexible Lifetime – Investments from six months to three months from the date an investor ceases to hold the product. The effect of this election is that exit statements given to investors who exit Flexible Lifetime – Investments from 1 October 2017 will contain information about fees and other costs that complies with the enhanced fee and cost disclosure requirements as set out in Regulatory Guide 97 issued by the Australian Securities and Investments Commission (ASIC).