North Super Review (2026) — AMP's Investment Wrap Super Platform

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

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.

Frequently Asked Questions

Is North Super available without a financial adviser? No — North Super is an adviser-only platform. You cannot join North directly as an individual member without a relationship with a licensed financial adviser who uses the North platform. If your adviser leaves or retires, you may need to either find a replacement North-aligned adviser or roll your balance to a fund with direct member access.

What is the connection between North and AMP? North is AMP’s flagship super and investment platform, operated by AMP Life (now owned by Resolution Life) as trustee within the AMP group. AMP retains significant operations in the platform space through North. Advisers using North may be aligned with AMP’s adviser network (Hillross, AMP Financial Planning) or may be independent advisers who access North via their own AFSL. Understanding whether your adviser has commercial ties to AMP is important for conflict-of-interest assessment.

How does North’s managed portfolio option work? North offers managed portfolios (sometimes called separately managed accounts or SMAs) where a portfolio manager actively rebalances the holdings on your behalf within the super structure. This allows professional portfolio management with tax-efficient direct security ownership. Managed portfolio fees are in addition to North’s platform fee and should be compared against the total cost of alternative solutions.

Can I hold direct Australian shares in North Super? Yes — North’s investment menu includes direct ASX-listed shares and ETFs alongside managed funds and term deposits. Direct share access makes North suitable for members who want to hold individual company shares or ETFs inside super rather than through a managed fund structure. Brokerage applies per trade.

What if AMP or North exits the super market? AMP has undergone substantial restructuring since the Banking Royal Commission (2018–2019) and has sold various business divisions. North continues to operate as AMP’s core platform product. In the event of any future exit or sale, member super accounts would be protected under APRA’s member protection rules — your money cannot disappear. However, a change in platform ownership could affect fees, investment menus, and adviser relationships. Keep your account details current and monitor any communications from North.

Are AMP’s ongoing adviser fees still an issue in North accounts? Following the Banking Royal Commission, the industry has moved to explicit opt-in fee arrangements. Any ongoing adviser fee in a North account requires member consent and periodic reconfirmation. If you have a North account and are unsure whether you are paying ongoing adviser fees, log in to your account or contact North member services to check. Remove any fees for advisers who are not actively serving you.

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.