Enhanced Fixed Term Arrangement ASFs now available for OnePath products

In September 2021 IOOF launched the ability to charge Fixed Term Arrangement Adviser Service Fees (ASF) for OneAnswer and OptiMix products.

What are the enhancements?

In continuing to support business efficiencies, from 26 April 2022 Fixed Term Arrangement ASFs:

  • may be forward dated up to 90 days
  • will have a Start Date and End Date applied
  • will have a fully integrated solution available online for OneAnswer products (excluding ANZ OneAnswer and OptiMix products).

 

How can I apply a Fixed Term Arrangement ASF for my clients?

From 26 April 2022 you can apply a Fixed Term Arrangement ASF using the following methods:

  • Logging into Account Access for an end-to-end digital solution:

- For new clients, you can apply within the OneAnswer Frontier New Business forms.

- For existing clients, go to the Adviser Service Fee Maintenance form.

- Note there is no Fixed Term Arrangement ASF online solution for ANZ OneAnswer or OptiMix products.

  • Completing an Adviser Service Fee Alteration and Consent form dated 26 April 2022.
  • Completing a OneAnswer Frontier application form dated 26 April 2022.
  • Click here  for frequently asked questions.


Where are the ASF forms located?

To access OnePath Adviser Service Fee Alteration and Consent forms:

DocuSign and Adobe Sign e-signatures are accepted for this form. Completed ASF forms can be scanned and emailed to: adviser@onepathsuperinvest.com.au

If the ASF form is incomplete, we cannot accept or process the form. An Adviser Services representative will contact you, and you will need to complete a new form.

 

Is there a form grace period?  

We will accept the below forms dated 20 September 2021 until 16 June 2022:

  • Adviser Service Fee Alteration and Consent form
  • OneAnswer Frontier application form.

 

How do I nominate an ‘End Date’ for a Fixed Term Arrangement ASF?

You must specify a Fixed Term Arrangement ASF End Date of up to 12 months from the nominated Start Date. Click here for frequently asked questions.

 

Will my client’s Fixed Term Arrangement ASF details show in Account Access?

Yes. Your client’s Fixed Term Arrangement ASF details will be displayed on the Policy Details page and Client Report in Account Access. Click here  for frequently asked questions.

 

What type of Adviser Service Fees are available?

See below for products and the type of ASF that may be applied. Note there is no Fixed Term Arrangement ASF online solution for ANZ OneAnswer or OptiMix products.

 

Product Fixed Term Arrangement ASF Ongoing ASF - annual member consent required One-off ASF

OneAnswer Frontier Pension

OneAnswer Frontier Pension TTR

OneAnswer Frontier Investment Portfolio

OneAnswer Frontier Personal Super

OneAnswer Allocated Pension

OneAnswer Allocated Pension TTR

OneAnswer Term Allocated Pension

OneAnswer Personal Super

OneAnswer Investment Portfolio

ANZ OneAnswer Allocated Pension

ANZ OneAnswer Allocated Pension TTR

ANZ OneAnswer Personal Super

ANZ OneAnswer Investment Portfolio

OptiMix Superannuation

 n/a

OptiMix Allocated Pension

 n/a

OptiMix Term Allocated Pension

 n/a

OptiMix Trust

 n/a

Any questions?

If you’d like further information, please:

The information in this document has been prepared by OnePath Funds Management Limited (ABN 21 003 002 800, AFSL 238342) (OPFM) and OnePath Custodians Pty Limited (ABN 12 008 508 496, AFSL 238346, RSE L0000673) (OPC) as issuers of superannuation, pension and investment products (‘the Issuers’). This information is current as at April 2022 and may be subject to change.

The Issuers are members of the Insignia Financial group of companies, comprising Insignia Financial Ltd (formerly known as IOOF Holdings Ltd) (ABN 49 100 103 722) and its related bodies corporate (‘Insignia Financial Group’).

The information provided in this document is for Advisers only, is of a general nature and does not take into account the objectives, financial situation or needs of any person. It is not intended for distribution to retail clients. Retail clients should obtain a Product Disclosure Statement (PDS) relating to the financial products mentioned in this communication and consider it before making any decision about whether to acquire or continue to hold those products. Target Market Determinations (TMDs) for relevant products are also required to be made available and considered by distributors/clients. A copy of the PDS (or other disclosure documents) and TMD are available upon request by phoning 133 665 or by searching for the applicable product on our website at onepathsuperinvest.com.au