by Sarah Simpkins - January 31, 2020 5 comments, Advice acquisitions boost IOOF FUMA in 2H19, Aussies financially stretched but blind to value of advice: Fidelity, Receive daily online news,analysis, reports and business strategies, How IFAs can use money coaching in their practice, Helping clients take advantage of the mortgage market, COVID-19 as a catalyst for positive change, Service innovation: How technology can make us more human, Service innovation: How to adopt data and analytics as a core business strategy, The Lockdown Effect on Australia’s Businesses and a Look Ahead. Products in the Super Directions Fund and the Wealth Personal Superannuation and Pension Fund are issued by N.M. Superannuation Proprietary Limited (N.M. Super) ABN 31 008 428 322 (trustee), which is part of the AMP group (AMP). AMP has promised a simpler governance structure, a stronger trustee operating model, and lower costs. Super Directions - Personal Super Plan (AMP Super) Fund Address. The group anticipates the reshaping of its wealth business will be completed in the second quarter. The fund address for AMP Super is: PO Box 300, Parramatta , NSW 2124. Products in the Super Directions Fund and the Wealth Personal Superannuation and Pension Fund are issued by N.M. Superannuation Proprietary Limited (N.M. Super) ABN 31 008 428 322 (trustee), which is part of the AMP group (AMP). After being criticised for measures across its superannuation offering during the royal commission, such as the fees-for-no-service scandal, AMP committed to a simplification program for the segment, which will see changes take place across its funds, trustees, products and wrap platforms. The cuts have followed separate fee deductions for AMP’s MySuper products and MyNorth wrap platform clients in 2018 and 2019. AMP reported the trustee will also be directly engaging its investment manager and custodian, as well as using a new related party service provider, AWM Services, for administration and product development. Subscribe to the ifa bulletin. But the group later provided an updated answer to the House of Representatives standing committee on economics, saying the simplification process would see AMP move to two funds from seven, Super Directions Fund and the Wealth Fund, and its one super trustee would be its subsidiary NM Super. “The fee cuts form part of AMP’s major program to simplify our superannuation and wrap platform businesses, which will see a significant reduction of super products and enable us to provide more benefits to clients,” Ms Bourguignon said. Products in the Super Directions Fund and the Wealth Personal Superannuation and Pension Fund are issued by N.M. Superannuation Proprietary Limited (N.M. Super) ABN 31 008 428 322 (trustee), which is part of the AMP group (AMP). The USI for Super Directions - Personal Super Plan is NML0258AU. For more information on what these details describe, please scroll down for a more detailed description. Currently, the group’s super funds invest in life-backed insurance policies issued by the life insurance business, and they also outsource administration, product development and product development functions to AMP Life. National Priorities List and Superfund Alternative Approach Sites.

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