Important updates to the insurance cover in OnePath’s OneAnswer Frontier Personal Super

Effective 1 October 2023, we’ve updated the insurance offering in OnePath’s OneAnswer Frontier Personal Super to:

  • reduce the Death and Total and Permanent Disablement (TPD)* premiums for impacted members with cover under the Group Life arrangement, and
  • change the TPD terms and conditions including the definitions to improve insurance outcomes for the majority of members when they need it most.

Impacted advisers were notified about the changes via email on 17 August 2023. Impacted members were notified by mail in late August 2023.

For a summary of the changes view the ‘Important information about insurance flyer’ available at www.onepathsuperinvest.com.au/insuranceflyer .

 

Any questions?

If you have any questions or would like further information, please:

  • speak with your Insignia Financial Business Development Manager
  • call Adviser Services on 1800 804 768, weekdays between 8.30am and 6.30pm (AEST/AEDT)
  • email us at adviser@onepathsuperinvest.com.au
* The Group Life insurance offering is closed to new members. For adviser use only. OnePath Custodians Pty Limited (ABN 12 008 508 496, AFSL 238346, RSE L0000673) (OPC) is the Trustee of the Retirement Portfolio Service (ABN 61 808 189 263) and issuer of OneAnswer Frontier Personal Super and Pension. OPC is part of the Insignia Financial Group of companies, comprising Insignia Financial Limited (ABN 49 100 103 722) and its related bodies corporate. This information has been prepared without taking into account your clients’ objectives, financial situation or needs. Before clients make a decision based on this information, they should consider the appropriateness of the information, having regard to their objectives, financial situation and needs. Your clients should obtain a Product Disclosure Statement (PDS) relating to the financial product mentioned in this communication and consider it before making any decision about whether to acquire or continue to hold the product. Target Market Determinations (TMDs) where required for relevant products have to be available for consideration by distributors/members.