Investment, Insurance, Superannuation
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 will now be provided through the RPS instead of the OPMF. The transfer also allows ANZ to progress with the simplification of its wealth business and enables the sale of OnePath Life Limited (OnePath Life) to Zurich Financial Services Australia Limited (Zurich), which we expect to complete on or around 31 May 2019.
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:
