The sale of OnePath Life to Zurich Financial Services Australia Limited (Zurich) was completed on 31 May 2019. The sale means that OnePath Life is now owned by Zurich. Read a statement from Tim Bailey, Zurich’s Chief Investment Officer, Life & Investments.
Successor Fund Transfer complete
To enable the sale to Zurich, the transfer of members and assets from the OnePath MasterFund (OPMF) to the Retirement Portfolio Service (RPS) superannuation fund was successfully completed on 13 April 2019.
This means that the products affected by the SFT are now provided through the RPS instead of OPMF.
The SFT triggered new Product Disclosure Statements (PDSs) for OneCare and OneAnswer, dated of 13 April 2019. You can order hard copies of these here and start using them with customers.
A reminder that transition rules do apply, please read through the explainers below:
This information is current as at June 2019 but may be subject to change. Updated information will be available by contacting your ANZ Wealth Business Development Manager. This information is for the use of advisers only and may not be reproduced without the prior written permission of the issuers.