OnePath

ANZ OneAnswer Pension

No. of members: 919797
Fund size: $38.8b
Public offer:
Product type: Master Trust-Allocated Pension
Target market: -
Year started: 2003
Past 5-year return
2.38%
Admin fee

$0

Calc fees on 50k

$1.3k

SuperRatings awards
Past 5-year return
2.38%
Admin fee

$0

Calc fees on 50k

$1.3k

SuperRatings awards

Pros and Cons

Pros and Cons

  • Comprehensive investment menu including access to the OptiMix multi-manager funds
  • Flexible fee options - Entry fee and Deferred Entry Fee structures available.
  • Anti-detriment payments available.
  • Tax effective super to pension transfers - bonus paid to refund unrealised capital gains tax and transaction.

Summary

ANZ OneAnswer is a comprehensive fee for service advice solution offered by OnePath, enabling members to tailor their investment solutions to help achieve their retirement goals. ANZ OneAnswer Pension is closed to new members and is only available to existing investors as at 1 July 2013. ANZ OneAnswer offers a comprehensive investment menu, providing members with access to both OptiMix and OnePath Multi-Manager funds, as well as a range of single manager investment funds and term deposits. The OnePath Managed Growth (NCF) option underperformed the SuperRatings Index over the 10 year period to 30 June 2019. Fees are higher than the industry average across all account balances assessed; however, the dollar admin fee is waived on account balances of $10K and over. Rebates apply to account balances over $100K and to all account balances after four years of each investment, with further ongoing rebates on financial planner commissions.ANZ OneAnswer offers excellent flexibility, with members having the ability to receive payments monthly through to annually and to choose from multiple payment dates. Members with more than one investment option can nominate the options from which payments are to be drawn. Members are furthermore able to invest in ANZ Prime CMA which provides 'At-Call' access to pension funds like a regular bank account. Beneficiary options are comprehensive, including non-lapsing, binding and non-binding nominations, as well as reversionary pensions. OnePath's secure online facility allows members to view and update their account details, as well as perform transactions. Interactive online tools, calculators and factsheets are available through the fund's website.

Features and Fees

OnePath Fees and Features

    Pros and Cons

    • Comprehensive investment menu including access to the OptiMix multi-manager funds
    • Flexible fee options - Entry fee and Deferred Entry Fee structures available.
    • Anti-detriment payments available.
    • Tax effective super to pension transfers - bonus paid to refund unrealised capital gains tax and transaction.

    ANZ OneAnswer is a comprehensive fee for service advice solution offered by OnePath, enabling members to tailor their investment solutions to help achieve their retirement goals. ANZ OneAnswer Pension is closed to new members and is only available to existing investors as at 1 July 2013. ANZ OneAnswer offers a comprehensive investment menu, providing members with access to both OptiMix and OnePath Multi-Manager funds, as well as a range of single manager investment funds and term deposits. The OnePath Managed Growth (NCF) option underperformed the SuperRatings Index over the 10 year period to 30 June 2019. Fees are higher than the industry average across all account balances assessed; however, the dollar admin fee is waived on account balances of $10K and over. Rebates apply to account balances over $100K and to all account balances after four years of each investment, with further ongoing rebates on financial planner commissions.ANZ OneAnswer offers excellent flexibility, with members having the ability to receive payments monthly through to annually and to choose from multiple payment dates. Members with more than one investment option can nominate the options from which payments are to be drawn. Members are furthermore able to invest in ANZ Prime CMA which provides 'At-Call' access to pension funds like a regular bank account. Beneficiary options are comprehensive, including non-lapsing, binding and non-binding nominations, as well as reversionary pensions. OnePath's secure online facility allows members to view and update their account details, as well as perform transactions. Interactive online tools, calculators and factsheets are available through the fund's website.

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    OnePath Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
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      ALTERNATIVES
      FIXED INTEREST
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      Investment option performance
      BALANCED
      HIGH GROWTH
      CONSERVATIVE BALANCE
      DIVERSIFIED FIXED INTEREST
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
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