What is changing?

    We are updating the MySuper investment approach to better reflect your age and stage of life. Rather than the previous approach, which adjusted based on the decade you were born in, your investments will now gradually adjust on or around your birthday. This means your investment mix will become more personalised over time, helping to balance growth opportunities and risk as you move towards retirement. 

    How will this affect your super?

    Investments tailored to you 

    As you get older your investment mix changes. When you are young your super investments can carry a higher risk and will be invested in growth assets as you have a longer time horizon to wear the ups and downs of investment market volatility. As you move closer to retirement, this mix changes to become more defensive to reduce the risk around market fluctuations. 

    A simpler approach to investing  

    With the new AMP MySuper changes your mix of investments will change every year, ensuring you benefit from growth in your younger years and more protection as you head towards retirement.   

    You don’t need to do anything 

    There is nothing you need to do but you will notice some changes to the names of your investment strategy when you review this in your statement or in your online account.

    What is a lifecycle investment strategy?

    A lifecycle investment strategy changes with you over time. When you’re younger, and have a longer investment horizon, your super’s investment mix will generally have a higher percentage of growth assets. As you get closer to retirement, your investment mix can gradually become more balanced to help manage investment risk.

    The AMP MySuper changes mean that:

    • If you’re under age 43, you’ll be invested in 100% Long-Term Growth;
    • From ages 43-52 you’ll be in 100% High Growth;
    • Between ages 53 and 59, you’ll be in a mix of High Growth and Balanced specific to your age group, which will update every year.
    • From age 60+ you’ll be in a mix of Balanced and Cash, and reviewed every year.

    This offers a smoother adjustment to retirement as you get older.

    What the investment strategies mean

    • Long-Term Growth

      Focuses on long-term growth with most investments in growth assets such as equities. Designed for younger members with a long investment time horizon who are comfortable wearing the market ups and downs.

    • High Growth

      Focused on growth while introducing more diversification to help manage risk. Still growth oriented but with a broader mix of investments.

    • Balanced

      A mix of growth and defensive investments, aiming to balance growth potential with greater stability and lower risk.

    • Cash

      Focused on preserving capital and providing stability. Typically, lower risk but with lower expected returns over the long-term.

    Changes to investment strategy names

    As part of these changes, AMP MySuper investment strategies have been renamed. These new names will appear in your account, statements and future communications.
     
    Previous name New name
    AMP MySuper 1990s Plus  AMP MySuper Long-Term Growth 
    AMP MySuper 1980s AMP MySuper High Growth
    AMP MySuper 1970s AMP MySuper Balanced
    AMP MySuper 1960s Replaced
    AMP MySuper 1950s Replaced
    AMP MySuper Capital Stable Replaced
    - AMP MySuper Cash (New)

    Changes to fees and costs

    Some fees and costs will also change from 1 December 2026. These changes affect both the fees charged for managing your account and some investment fees associated with your super.

    Administration fees help cover the cost of running your account and providing member services. 

    The following table shows the administration fee changes from 1 December 2026.


      Current fee New fee
    Member fee $1.50 per week $0.99 per week
    Administration fee 0.19% p.a. 0.18% p.a.
    Administration fee cap $950 p.a. $1,080 p.a.
    The fees shown on this page are the standard fees and do not include any employer-negotiated discounts. Refer to your member communication for details of the fees and costs that apply to your account.
     
     
    What do the fee changes mean for you?
    The table below shows examples of how annual administration fees may change for different account balances. Your overall fees and costs may increase, decrease or stay about the same, depending on your circumstances.
     
    Account Balance Administration Fees and Costs ($ pa)(i)(ii)
      Current From 1 December 2026 Change
    $10,000 $103 $75 -$28
    $20,000 $127 $99 -$29
    $50,000 $201 $169 -$32
    $100,000 $324 $287 -$37
    $150,000 $447 $405 -$42
    $250,000 $693 $641 -$52
    $350,000 $939 $877 -$62
    $500,000 $1,308 $1,231 -$77
    $600,000 $1,364 $1,467 $103
    $1,000,000 $1,588 $1,691 $103

    (i) Includes 0.042% pa paid from super fund's assets and not deducted from your account balance.
    (ii) You may receive a tax deduction on your superannuation fees and costs. For details refer to the tax section of the PDS or member guide.
    Amounts are subject to change over time. Refer to the fees and costs section of the PDS or member guide for more information and other fees that may apply.
    Some employer plans have negotiated lower administration fees or may pay some of your fees for you. Your welcome letter will outline the fees specific to you. 

    Investment fees and costs help cover the cost of managing and investing your super.


    They include things like professional investment management and transaction costs.

    The table below shows the investment fee changes for MySuper from 1 December 2026. The fee for the new MySuper Cash investment option will apply from 23 November 2026.


    MySuper

    Investment name Investment fee
    %pa    		 Performance fees
    %pa     		 Other investment costs
    %pa    		 Transaction costs
    %pa
    Current MySuper Investments
    AMP MySuper 1990s 0.26% 0.08% 0.03% 0.04%
    AMP MySuper 1980s 0.26% 0.09% 0.03% 0.04%
    AMP MySuper 1970s 0.26% 0.09% 0.03% 0.04%
    AMP MySuper 1960s 0.26% 0.08% 0.03% 0.04%
    AMP MySuper 1950s 0.26% 0.04% 0.02% 0.04%
    AMP MySuper Capital Stable 0.26% 0.04% 0.02% 0.03%
    New MySuper Investments (Effective 1 Dec 2026)
    AMP MySuper Long-Term Growth 0.31% 0.10% 0.04% 0.04%
    AMP MySuper High Growth 0.31% 0.11% 0.04% 0.04%
    AMP MySuper Balanced 0.31% 0.10% 0.05% 0.04%
    AMP MySuper Cash (Effective 23 Nov 2026) 0.07% - - -

     

    If you've made your own investment choice, the table below shows the changes to investment fees for other investment options from 1 December 2026.

    Open Super

    Investment Option  Current Investment Fee
    %pa     		 New Investment Fee
    %pa
    Multi-Sector investment options
    Conservative    
    Conservative Index 0.17% 0.20%
    Future Directions Conservative 0.30% 0.36%
    Moderately Conservative    
    Moderately Conservative Index 0.19% 0.20%
    Future Directions Moderately Conservative 0.35% 0.40%
    Moderately Agressive    
    Future Directions Growth 0.45% 0.42%
    Agressive    
    Future Directions High Growth 0.50% 0.42%
    Single-Sector investment options
    Global Shares    
    Specialist International Share 0.50% 0.59%
    Specialist International Share (Hedged) 0.50% 0.59%



    Frequently asked questions

    We’re updating AMP MySuper from a decade-based structure to an age-based lifecycle approach. Your investment mix will now gradually adjust over time based on your age, with changes happening automatically.

    Lifecycle investing means your investment mix adjusts automatically as you get older. Earlier in life, your super generally has a greater focus on growth. As you move closer to retirement, the mix gradually introduces more balanced and defensive investments.

    We’re introducing a more gradual and consistent lifecycle approach, with an investment mix that is more tailored to your age. The updated structure is also designed to make AMP MySuper simpler and easier to understand.

    If you’re invested in AMP MySuper, your account will move to the new structure automatically. Depending on your age, you may notice a new investment name, changes to your investment mix or more than one investment line shown in your account.

    No. The changes will be applied automatically. If you’d like to review your super or explore other investment options, you can access digital advice through My AMP or speak to a financial adviser.

    No. Your insurance cover, premiums, claims process, beneficiaries and other account details won’t change as part of the AMP MySuper changes.

    From 1 December 2026, the standard weekly administration fee will reduce from $1.50 to $0.99, and the standard percentage-based administration fee will reduce from 0.19% to 0.18% per year. The administration fee cap will increase for members with large account balances, and some investment fees will also change. The new AMP MySuper Cash investment fee will apply from 23 November 2026.

    We regularly review our fees to make sure they remain fair, competitive and aligned with the costs of running AMP Super and managing investments on members’ behalf. The updated fee structure better reflects the services provided and how those costs apply across AMP Super.

    The overall amount you pay may increase, decrease or stay about the same, depending on your account balance and the investments you hold. Standard administration fee rates are reducing, while the administration fee cap and some investment fees are changing

    The fee changes may affect a range of AMP Super members. This includes members invested in AMP MySuper and Choice investment options, as well as Pension members. The overall impact will depend on your account balance and investment options held.

    We're here to help

    If you'd like more information about the changes or want help understanding what they mean for you, our customer support team is here to help.  

    Looking for more detailed information? Download our FAQs below. 

               

    Important information

    AMP Super (SignatureSuper) is issued by N. M. Superannuation Proprietary Limited ABN 31 008 428 322, AFSL 234654 (NM Super) as trustee of the AMP Super Fund ABN 78 421 957 449.

    Before deciding what is right for you, it is important you consider your particular circumstances and consider the AMP Super PDS and TMD available at amp.com.au or calling 131 267.

    Read AMP’s 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. 

    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 AFSL 366121 (AWM Services), which is part of the AMP group (AMP). All information on this website is subject to change without notice.