MyNorth Guarantees

Safeguard your savings from market lows and help grow them during market highs

Take comfort knowing you can ride out the storm during market downturns, even if there’s another global financial crisis. MyNorth Guarantees help you protect the part of your wealth that you can’t afford to lose during downturns, while allowing you to enjoy the highs of good market conditions.

At a glance

MyNorth Guarantees are available from a MyNorth Super, Pension and Investment account. This is a high-level summary of the features, for full details please refer to the relevant product disclosure statements (PDS).

 

5-year guarantee

10-year guarantee

Protection of initial investment

Yes Yes

Early access

Yes Yes

Growth lock-in

Optional Yes

Vesting

Not available Optional

Guarantee fees(i)

calculated on protected balance

1.25% pa

1.95% pa with optional 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

  • Australian shares - 35%
  • International shares - 35%
  • Australian fixed income - 12%
  • International fixed income - 5%
  • Cash - 13%
  • Australian shares - 42%
  • International shares - 43%
  • Australian fixed income - 1%
  • International fixed income - 1%
  • Cash - 13%

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.

Easy steps to a guarantee with the help of a financial adviser
 

Step 1 Step 2 Step 3 Step 4
Choose from a 5-year or 10-year guarantee.
Choose the options you value.
Choose the amount you wish to protect.
Take comfort that guarantees can help secure your retirement.


How the MyNorth Guarantees work

5-year guarantees

At the end of the 5-year term, you’ll receive the value of your investment in the MyNorth Guardian Max85 Fund or your initial investment amount (protected balance), whichever is higher (see key considerations).

With optional growth lock-ins

If you choose growth lock-ins (additional costs apply), any growth achieved on your guarantee anniversary date in the MyNorth Guardian Max85 Fund will lock in a new protected balance. At the end of the 5-year term, you’lll receive the value of your investment in the Guardian fund or your protected balance, whichever is higher.

10-year guarantees

Any growth achieved on your guarantee anniversary date in the MyNorth Guardian Max100 Fund will lock in a new protected balance (see key considerations). At the end of the 10-year term, you’ll receive the value of your investment in the guardian fund or your protected balance, whichever is higher.

With optional vesting

If you choose vesting (additional costs apply), any early withdrawal will include the investment value of the MyNorth Guardian Max100 Fund and part of the protected value that is in excess of this. This provides you some benefit of the guarantee, depending on how long you've been in the policy.

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

For help talk to a financial adviser or contact us on 1800 667 841

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Important information

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This product is only available through a financial adviser. This page has been provided by NMMT Limited ABN 42 058 835 573, AFSL 234653 (NMMT). It contains general advice only. It hasn’t considered your personal goals, financial situation or needs. Before deciding what’s right for you, it’s important you consider your particular circumstance and read the relevant Product Disclosure Statements online for MyNorth Super and Pension and MyNorth Investment. 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. Contact us on 1800 667 841. 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.