AMP diversifies North’s managed accounts offering

Yasmine Raso

Senior Journalist, Financial Newswire

17 July 2025

New fixed income managed accounts portfolios have been added to the North platform suite, providing advisers and clients a greater range of flexible options to generate stable returns.

BondAdviser, MST Income and Elston Income’s managed accounts offerings are the latest additions to North’s investment menu for the June quarter, which come as the platform records a 900 per cent increase in managed accounts funds under management (FUM) in the last four years.

The new portfolios are targeted towards both retirees and income-seeking investors, offering exposure across hybrid securities, fixed income and data-driven strategies.

“Our mission is to be the home for retirement income solutions in Australia and that means ensuring advisers are well supported with efficient, market-leading tech and solutions to help their clients prepare for and thrive in retirement,” Edwina Maloney, AMP Group Executive, Platforms said.

“We’re delivering that in several ways: one is through innovation and the fantastic retirement solutions we have on offer – such as MyNorth Lifetime Super.

“We’re also continuing to expand our investment menu to meet the changing needs of practices today, working with the industry’s leading investment managers to provide advisers and their clients with access to high quality products both in and near retirement.

“The beauty about our platform and solution is North’s open architecture. By giving advisers access to a broad and diverse range of investment options, we’re empowering them to tailor strategies that truly suit their clients’ individual needs and goals.

“This flexibility not only supports better client outcomes, but also gives advisers the freedom and confidence to adapt as markets and client circumstances change. North’s open architecture is all about putting choice, transparency and control in the hands of advisers, so they can deliver the best possible advice every time.”

AMP confirmed that the number of managed portfolios now available on North, with the three new additions, has jumped to 165 – with representation from 27 different managers.

“We’re passionate about empowering and enabling advisers with access to choice and flexibility through North, thanks to our long-standing partnerships with world class investment managers,” David Hutchison, AMP’s General Manager of Managed Portfolios and Investments, said.

“That’s why we’re excited to be teaming up again with MST Financial for their Fixed Income series, providing our advisers with optionality and confidence when it comes to retirement income solutions for their clients. The addition of the MST Income, Elston Income and BondAdviser series highlights our commitment to growing the breadth of our offer.

“We have the fastest growing offer in the market and we’ll continue to focus on expanding the breadth of our menu, helping ensure North is the easiest platform for advisers to do business with.”