OneAnswer Disclosure Documents Reissue

1 December 2024

Product Disclosure Statements (PDSs) will be reissued on 1 December 2024 to reflect product and regulatory changes for the following products:

  • OneAnswer Frontier Personal Super and Pension
  • OneAnswer Frontier Investment Portfolio
  • OneAnswer Investment Portfolio (closed to new members from 1 July 2013)
  • OnePath Alternatives Growth Fund.

The reissued PDSs will be available to download from onepathsuperinvest.com.au from 1 December 2024.

WHAT ARE THE CHANGES?
The key changes reflected in the new PDSs are:

  • Updates to investment fees and costs
  • Updates to standard risk measures (SRM) and asset allocation
  • Updates to environmental, social and governance considerations
  • Updates to fund investment profiles, including:
    • MultiSeries
    • Ardea Real Outcome
    • Arrowstreet Global Equity (Hedged)
    • OnePath Active Growth
    • OnePath Conservative 
    • OnePath Global Smaller Companies Shares
    • OnePath Managed Growth
    • Optimix Australian Fixed Interest
    • Perpetual Australian Shares
    • Perpetual Balanced Growth
    • Perpetual Conservative Growth
    • Perpetual ESG Australian Share
    • Platinum Asia
    • Platinum International
    • Schroder Sustainable Growth
    • Tyndall Australian Shares 
    • Walter Scott Global Equity (Hedged)
    • Updates to funds previously communicated and available through Adviser Online
  • Introduction of an Ongoing Fee for ANZ Cash Advantage
  • Other regulatory updates.

DELIVERING BETTER FINANCIAL OUTCOMES LEGISLATION – CHANGES TO ADVICE FEE ARRANGEMENTS
The Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 received Royal Assent on 9 July 2024, delivering Tranche 1 of the Government's response to the Quality of Advice Review. For more information read the flyer attached


We’ll be updating our advice fee forms to reflect the new requirements.


ACCEPTANCE OF ONEANSWER FRONTIER APPLICATIONS FROM 1 DECEMBER 2024
For OneAnswer Frontier products, previous versions of application forms attached to the PDS dated 1 December 2023, where the signature is dated before 29 November 2024, will be accepted until 5 pm (AEST/AEDT) on 30 December 2024. However please note if you are submitting a previous version of the application form:

  • All outstanding items must be received by 30 December 2024, otherwise a new application form dated 1 December 2024 will be required; and
  • Applications with allocations to closed investment options will not be accepted. Please be aware that due to investment menu updates, some investment options may no longer be available or may have changed names. Please refer to previous communications issued to advisers available on Adviser Online.

 

PDS NO LONGER BEING PRINTED
With growing expectation for digital communications for convenience and cost reduction, we’ll no longer be offering printed PDS documents. These documents are available from onepathsuperinvest.com.au and can be downloaded and printed as required.

 

ANY QUESTIONS?
If you have any questions or require further information, please:

 

 

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) are the issuers of these investment (OPFM) and superannuation (OPC) products (‘the Issuers’). 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) (RPS). The Issuers are members of the group of companies, comprising Insignia Financial Ltd (ABN 49 100 103 722) and its related bodies corporate (‘Insignia Financial Group’). This communication is based on information that is believed to be accurate and up to date at the time of publication. No member of the Insignia Financial Group shall be liable for any error or omission in this email.

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 the 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 (where relevant) are available upon request by phoning 133 665 or by searching for the applicable product at onepathsuperinvest.com.au