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Corporate super solution for mid-sized businesses
AMP has launched a new corporate superannuation solution for the middle market, a section that now makes up 25 per cent of Australian workers.
AMP SignatureSuper Select offers medium-sized companies with between 50-750 employees a corporate superannuation product with over 30 investment options, insurance options, a tiered pricing structure and access to AMP MySuper lifecycle options.
"With SignatureSuper Select employers can offer their employees a first rate superannuation solution with flexible features, including an option for employers to pay employees' insurance premiums and a diversified range of investment options," director corporate superannuation Libby Roy said.
"AMP recognises the importance of the middle market as a growth engine for the Australian economy.
"It's important that these businesses get superannuation right for their employees, and we recognise that can sometimes be onerous to manage."
Customers with the corporate super solution will have access to AMP's MyPortfolio so they can manage their account information online.
"SignatureSuper Select allows them to offer a customised and holistic superannuation offer to their employees regardless of the size of their business," Roy said.
The solution joins the existing super products, including SignatureSuper, which caters mostly to the large and mega employer market.
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