Australian financial services firm AMP has launched a new integrated wealth mobile app to allow customers to access their banking, superannuation, insurance and investments.
The new AMP.Own Tomorrow app will also allow customers to access AMP’s North platform and non-AMP investments and direct shares.
Additionally, the new app will include features such as SMS notifications related to AMP Bank account balance, enhanced security, BPAY, ATM locator, internal and external bank transfers and ability to consolidate super accounts.
Available to Apple and android users via the Apple store and Google Play, the new app will also offer updated news and insights articles on retail and investment trends.
A online survey conducted recently by the Newspoll and AMP over around 1200 people aged 18-64 has reported that 26% of respondents either did not know how their super was invested or knew nothing about super at all.
The survey found that 44% of them said they decided how their super was invested while 34% left this decision to their super fund. Also, 15% of those surveyed thought the decision on how their super was invested was made by someone else.
Paul Sainsbury, chief customer officer of AMP, said: "We know that people engaged with their superannuation are more likely to achieve their retirement goals so it’s never too soon for people to increase their understanding of their superannuation choices, and their finances in general.
"One of the ways the AMP app helps customers be more engaged is that it enables customers to choose to be notified when they and their employer pays money in their superannuation account, "he added.