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Over the weekend of 10 June 2023 your clients in legacy products, noted in the table below, will be transferred to either OneAnswer Frontier Personal Super or OneAnswer Frontier Pension products.
On this page, OneAnswer Frontier Personal Super and OneAnswer Frontier Pension are collectively referred to as OneAnswer Frontier.
This transfer is the result of a review we undertook to ensure our product offering remains relevant for clients. This review took into consideration factors such as legacy product fees and costs, the range of investment options on offer and legacy product account features. It was determined that permanently closing the legacy products, noted in the table below, and transferring clients into OneAnswer Frontier is in the best financial interest of members.
On transfer, the majority of clients will pay lower ongoing fees and costs, while being able to access new investment options such as MultiSeries.
While the transfer will be similar to a seamless transfer in nature and approach, there are some differences between the investment options available in the legacy products compared to OneAnswer Frontier. Clients will be invested in the same investment option/s where available, or the most appropriate alternative investment option/s with a similar risk and return profile, where not available.
All legacy product accounts will be closed once the transfer to OneAnswer Frontier is completed.
Legacy products being closed | Product which clients will be transferred into |
---|---|
ANZ OneAnswer Personal Super |
OneAnswer Frontier Personal Super |
ANZ Personal Superannuation Bond |
|
OneAnswer Personal Super |
|
OptiMix Superannuation |
|
ANZ OneAnswer Allocated Pension |
OneAnswer Frontier Pension |
ANZ Allocated Pension |
|
Integra Pension |
|
OneAnswer Allocated Pension |
|
OptiMix Allocated Pension |
The OneAnswer Frontier Personal Super and Pension Product Disclosure Statement (PDS) and Additional Information Guide are available from www.onepathsuperinvest.com.au
Transaction freeze period
To enable us to complete the transfer to OneAnswer Frontier, there will be a transaction freeze period.
The transaction freeze period will start from 5pm (AEST/AEDT) Friday 2 June 2023 until 9am (AEST/AEDT) Tuesday 13 June 2023. Click here to find out more.
You’ll continue to be the nominated adviser once your clients have transferred to their new OneAnswer Frontier account.
To find out which of your clients are in the legacy products listed above, log into Adviser Advantage, go to Account Access and run the Client Portfolio Balances report.
Note, as a result of the transfer your clients will receive new member numbers for their new OneAnswer Frontier accounts. These new accounts will appear in Account Access once the transfer is complete.
Click on the relevant sample client letter and accompanying Reference Guide in the table below.
If you have a Fixed Term or Ongoing Adviser Service Fee (ASF) arrangement in place with your clients at the date of transfer, we will continue the ASF arrangements in your clients’ new OneAnswer Frontier accounts unless you or your clients instruct us otherwise. The ASF will be deducted from your client’s new account on the same date each month as it was deducted in your client’s previous account.
Any pending or future ASF arrangements commencing after 10 June 2023 will be deducted on or about the 10th day of each month (to coincide with the commencement date of the OneAnswer Frontier account).
If any of your clients don’t wish to transfer to OneAnswer Frontier, they have the option of rolling over their account to another super fund before 5pm (AEST/AEDT) 2 June 2023.
Any questions?
If you have any questions or would like further information, please: