Transfer of OnePath Super Insurance and Legacy Pension & Investments members to Brighter Super
Applies to customers who have OnePath policies held under superannuation where OnePath Custodians is the Trustee.
After consultation with Zurich, the current trustee, OnePath Custodians (Trustee) will transfer members of the Retirement Portfolio Service (Fund) to a new superannuation fund, Brighter Super.
The transfer is intended to occur via a Successor Fund Transfer (SFT) on or around 1 October 2025 (Transfer Date).
This will impact customers who have OnePath policies held under superannuation in any of the following products:
- OneCare Super
- Pre-OneCare Super (eg. Leading Life, Renewable Term Insurance)
- (ex ANZ) Savings Plan – Superannuation
- Personal Retirement Plan (Plus Range)
- Whole of Life
- Endowment
- Flexible Retirement Pension
- Lifetime Guaranteed Pension
Frequently asked questions
1. Customer Notification of SFT
Existing customers that have an inforce policy as at 31 July 2025 will be issued a SEN according to their mailing preference (ie. mail or email). The mailing will commence from 1 August 2025 over a two-week period.
Where a customer has a ‘’last known address’’, we will generate a copy of their SEN and upload this to the Customer Portal. The customer can access this at any time when they are logged into the portal.
From 1 August 2025 (SEN issue date), an SPDS will be available. This will provide similar information to what is included in the SEN to inform customers who apply from this date about the upcoming SFT.
All customers who have an in-progress application for OneCare Super will receive the SPDS by email. Their adviser will be copied on this email.
2. Internal rollovers
From SFT date, internal rollovers will move to external rollover. This will automatically occur and the customer does not need to do anything.
- The 15% tax rebate will be applied to the insurance premium rather than being credited to their OneAnswer account
- Where the customer is paying monthly or half-yearly, they will continue to pay on this frequency until their policy anniversary after the SFT date. After that, their payment frequency will switch to yearly. Premium frequency loadings of 6% for monthly or 3% for half yearly will be removed.
- Where a customer has a 10% platform discount, they will retain this discount
The policy anniversary notice will reflect these changes, and the customer will receive this:
- 42 days before their anniversary date (if mail preference) or
- 31 days before their anniversary date (if email preference)
Customers will continue to receive the 15% tax rebate however the application of the rebate will change.
As an internal rollover, the customer pays 100% of their OneCare premiums and the 15% tax rebate is applied to their OneAnswer account.
Payments will transfer to an external rollover at the policy anniversary following SFT date and the premiums will reflect the 15% tax rebate (ie. The premium is net of the 15% tax rebate).
The payment frequency will remain as is until the policy anniversary following SFT date. The payment frequency will then switch to annual and there is no option to maintain a monthly premium frequency after the policy anniversary.
Yes, customers that have an existing 10% platform discount will keep this discount post SFT as long as premiums continue to be paid from their OneAnswer account.
The 10% platform discount will fall off at the next policy anniversary.
Yes, you can generate a report under Tools and Resources > Reports in the Adviser Portal.
3. Notice of intent to claim a tax deduction
Before the SFT, if you paid your insurance premiums from OneAnswer, you could claim a tax deduction for the full amount of your personal contributions used for premiums. This is because, as an internal rollover, money is still within the same fund.
After 1 October 2025, premiums paid from OneAnswer will be treated as an external rollover (ie. money leaving the fund) and this may impact the customer’s ability to claim a tax deduction on the full amount.
To be eligible to claim the full amount as a tax deduction, the Notice of Intent form needs to be submitted to and acknowledged by Insignia before the SFT date.
4. Other payment methods
There is no change and existing payments will continue under Brighter Super.
No, the 10% platform discount is not available to OneAnswer after 1 October 2025. As part of the SFT, we are only allowing grandfathering of this discount where a policy has the existing discount as at 30 September 2025.
5. Nomination of beneficiaries
Beneficiaries will stay the same as nominated.
For customers who had elected that their death benefit is to be paid as an income stream after SFT, this can only be paid as a lump sum.
6. Legacy Pension & Investments
There are no changes. Legacy Pension & Investment products will be transferred to Brighter Super on the same terms and conditions that were in place at the date of transfer, and will continue to be administered by Zurich.
Any regular pension payments due around the time of the SFT will be brought forward and paid on or about 15 September 2025. Following the SFT, regular income payments will continue at the same amount and frequency as prior to the SFT.