The changes further improve administrative functionality allowing for quick and easy access to client statements, more streamlined client correspondence, and the setting of dollar-based targets for client cash accounts, AMP said in a statement.
AMP noted phase two of MyNorth’s fee calculator has also launched, with advisers now able to assess multiple account fees and create investment templates for clients.
New features on the MyNorth fee calculator include:
- Advisers are now able to dynamically re-sequence accounts to see the effect of different date ordering on individual account fees; and
- Investment templates can be created, making data entry simple and efficient.
Further, upgrades to North Online include:
- All new client and account menus to better align with common client management tasks;
- Simpler switching between a client’s accounts using the new ‘Account Selector’ function;
- Activity tracking, client statements and a client review report will be accessible at an account level;
- An enhanced client account page to show advisers if their client is linked to a family fee group, if they have online transaction access and the date an account was closed;
- NorthCHAT will be located at the top of every page so it’s accessible from anywhere on North Online; and
- Investment information will have its own group on the main menu and restructured product pages will make it clearer and easier to access important information.
Advisers will have the ability to set cash account dollar targets, providing greater flexibility when implementing client cash strategies, including:
- The ability to specify a dollar amount to cover annual pension payments through the cash account; and
- Enabling easier cash management when a client’s account is receiving regular contributions through super.
“Seamless administrative functionality, access to diverse, contemporary and best in market investments, together with low cost, are the three attributes we know advisers and clients value most in a wrap platform,” said AMP managing director for superannuation, retirement and platforms, Lara Bourguignon.
“The investment in MyNorth will continue, with further enhancements and new investment offers in the pipeline.”
i am intrested in north for my super at this point
Take my advice and stay as far away from North as you can get!! I got suckered in when Paul Cliterroe set this fund up, Then AMP acquired it. Now i am desperately trying to get my money out to somewhere safe
why would i cry i am giving my opinion on the article and a proud Australian with no financials in or on AMP
Well, when it ends in tears, can’t say we didn’t try to tell you Gaz!
AMP will get stronger and set new standards is what i read here
Gary, AMP is currently systematically destroying advisers who are licensed to them. They were important to Australia in the past, let’s hope the moral vacuum that they now represent do not ever become important to Australia gain.
Are you an AMP shareholder gary?
AMP is important to this country we need AMP like them or not
AMP is about as important to Australia as Ansett, Dick Smith or Toy R Us used to be. Sorely missed by those relying on it to make an income, but everyone else couldn’t care less.
AMP manages billions of dollars for our country and people they have paid for there mistakes and heads have rolled we have some very good people to run the company now and we should support them
Sadly though the people that have paid for the mistakes are the clients and the advisers. The people who orchestrated the mistakes are still there and/or have been paid out and gone elsewhere.
As an independent adviser I am happy to recommend any products if they are in the best interest of my client, but I would never touch an AMP product.
Another AMP staff member trying to save a sinking ship.
The place is ethical and morally bankrupt amp could lie straight in bed if it tried
Dear Gary, “was” important is probably more accurate. Unfortunately, “Execs” like Messrs Fiat and Wade are counting on your sentimental and perhaps nostalgic thoughts to hold it all together and “restructure” the mess just long enough to make a lot of money for themselves – and then they’re gone. With your tacit support, they will do just that. AMP, as you once knew it, has long since passed. Geoff Wilson was right, it’s (now) rotten all the way through.
You cant polish a turd…
amp is important to australians