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 each time period assessed to 30 June 2020. Fees are higher than the industry average across all account balances assessed; however, the dollar-based administration 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.

Read More