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Freedom of Choice Pension

Phase: Retirement
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Product Overview
Superannuation Product Phase TypeRetirement
Superannuation Product TypeChoice Product
Open to Public?Yes
Open to New Members?Yes
Open to New Employers Superannuation?Yes
Superannuation Product Inception Date2018-11-01
Superannuation Product End Date0
Product Size
Member Accounts (rounded to nearest 10)70
Member Assets30933000
Investment Overview
Lifecycle Investments?No
Multi-Sector Investments?Yes
Single Sector Investments?Yes
Direct Investments?Yes
Fund Overview
RSE NameAMG Super
RSE ABN30099320583
Fund TypeRetail
Estimated median account balance28325
Median member age40
Fund Size & Assets (Fund vs Industry)
Membership Growth & Scale (Fund vs Industry)
Age Distribution – Accounts
<25 8.53
25 to 29 11.95
30 to 34 13.99
35 to 39 14.47
40 to 44 13.96
45 to 49 10.05
50 to 54 8.26
55 to 59 6.36
60 to 64 4.59
65 to 69 3.38
70 to 74 2.2
75 to 84 1.9
85+ 0.37
Age Distribution – Members’ Benefits
<25 0.59
25 to 29 2.27
30 to 34 4.92
35 to 39 8.75
40 to 44 12.12
45 to 49 10.73
50 to 54 10.78
55 to 59 10.96
60 to 64 12.51
65 to 69 10.13
70 to 74 8.36
75 to 84 6.81
85+ 1.08
Members’ Benefits by Gender
Members' Benefits : Female1086304000
Members' Benefits : Male1752187000
Account Movements
Number of member accounts at beginning of period 28033
Number of new member accounts 5573
Of which: Rollovers 2425
Of which: Successor funds transfers 0
Number of closed member accounts 2978
Number of member accounts at the end of period 30628
Net movement in the number of member accounts 2595
Growth in the number of member accounts 9%
Contributions
Employer contributions146809
Member contributions91546
Defined benefit contributions0
Contribution tax and surcharge24580
Other members’ benefits flows in0
Total Members' benefit flows in213775
Returns
One-year rate of return 3.4%
Five-year rate of return 5.9%
Ten-year rate of return 4.6%
Insurance
Claims Volume
Insurance Claims Received Count<20
Insurance Claims Withdrawn Count
Insurance Claims Undetermined Count
Insurance Claims Declined Count
Insurance Claims Finalised - Other Count
Insurance Claims Admitted Count<20
Claims Outcomes & Efficiency
Insurance Claims Admitted Amount
Claims Admittance Rate (1 year) 0%
Claims Admittance Rate (5 years) 0%
Insurance Average Claim Duration Number (Admitted claims) 0
Licensee Overview
RSE LicenseeEquity Trustees Superannuation Limited
RSE Licensee Ownership TypeFinancial services corporation ownership
RSE Licensee Profit StatusFor profit status
RSE licensee board structureNon equal representation
Board Directors by Gender
Number of female directors on trustee board4
Number of male directors on trustee board3