North is the investment wrap platform operated by AMP, offering superannuation, transition to retirement, and account-based pension products. It is primarily sold through financial advisers and targeted at higher-balance members who want investment flexibility.
Key Facts
| Feature | Detail |
|---|---|
| Fund type | Retail (wrap platform) |
| Operated by | AMP |
| Target market | Higher-balance members with advisers |
| Website | amp.com.au/north |
North Products
- North Super — accumulation super
- North Transition to Retirement — TTR pension
- North Pension — account-based pension
- North Investment — non-super investment account
Fees
North uses a tiered fee structure:
- Platform fee (account keeping fee): Reduces as balance increases
- Investment management fees: Depend on chosen managed funds or investments
- Adviser fees: North is predominantly adviser-accessed — adviser ongoing fees may apply
At lower balances, North’s fees may be higher than industry alternatives. At higher balances with lower-cost investment options, costs can be competitive.
Investment Options
North offers a broad investment menu:
- Listed managed funds and index funds
- Direct ASX shares (via certain tiers)
- Term deposits
- Conservative to high-growth diversified options
- Responsible investment options
Insurance
North Super supports AMP’s insurance offering, including death cover, TPD, and income protection. Cover arrangements are separate from the platform fee.
Who North Super Suits
- Members working with a financial adviser who uses AMP’s ecosystem
- Higher-balance members ($200,000+) who want investment platform flexibility
- Members transitioning to retirement who want a single platform for super and pension
For members not actively using an adviser, a simple industry fund with lower fees is worth considering.
Past performance is not a reliable indicator of future performance. For advice on North Super, speak with a licensed financial adviser. Ask about any conflicts of interest if your adviser is aligned with AMP. Find an adviser via MoneySmart. For more: AMP Super Review, Super Fund Comparison Table.