OnePath Super Review (2026) — ANZ's Former Superannuation Products
This article provides general information only and does not constitute financial advice. For advice tailored to your situation, consult a licensed financial adviser. Learn more.
Contents
OnePath was the superannuation and life insurance brand of ANZ Bank. In 2019–2020, ANZ sold OnePath’s wealth management and super business to IOOF (now Insignia Financial). The insurance business was sold separately.
Key Facts
| Feature | Detail |
|---|---|
| Original owner | ANZ Bank |
| Current owner | Insignia Financial (since ~2020) |
| Fund type | Retail |
| Website | onepath.com.au (now redirects to Insignia/OnePathSuper) |
OnePath’s History
OnePath was created from the merger of several ANZ wealth management operations. It operated:
- OneAnswer — the main super and investment platform
- Navigator — an older wrap platform
- Various legacy products
When ANZ sold to IOOF:
- IOOF (now Insignia) took over the super and investment business
- AIA Australia acquired the life insurance operations
- Members continued in their existing products under the new ownership
Current Status for OnePath Members
If you are a current OnePath super member:
- Your account is now administered by Insignia Financial
- The “OnePath” brand may still appear on your statements
- Member services operate under Insignia/IOOF infrastructure
Fees
OnePath super products tend to have retail fee structures — generally higher than industry funds. The exact fees depend on which product you are in (OneAnswer, Navigator, or other legacy products).
Use the ATO’s YourSuper comparison tool to check how your product’s fees and performance compare.
What OnePath Members Should Do
- Confirm which specific product you are in and who now administers it
- Compare fees and performance on the YourSuper tool
- Check insurance cover — the insurer may have changed (AIA vs prior)
- Consider consolidation if fees are high relative to alternatives
Frequently Asked Questions
Is OnePath still a separate fund or has it been merged? OnePath was formerly the super and insurance brand of ANZ Bank. ANZ sold OnePath Life to Zurich Financial Services in 2019, and the OnePath superannuation trustee entity was sold to IOOF (now Insignia Financial) in 2019–2020. OnePath super products continue to operate under the Insignia umbrella — your account may still be branded OnePath but is now managed within Insignia’s trustee structure.
Do I have any options with my OnePath super account? Yes — you can: (1) stay in your existing OnePath product and monitor performance and fees; (2) contact Insignia/OnePath to enquire about consolidating into a more current Insignia product; or (3) roll your balance to a different fund entirely using myGov or by contacting another fund. Before switching, check your insurance cover and any product-specific features you might lose.
What happened to my OnePath insurance after ANZ sold the business? OnePath Life Insurance (the life insurance part) was sold to Zurich Financial Services. Group insurance within OnePath Super products may now be underwritten by Zurich or another insurer — check the current OnePath Insurance Guide for your product to confirm the current insurer and cover terms. Insurance cover in super can be affected by trustee changes, so reviewing your cover after the ownership changes is prudent.
Has my OnePath product been subject to the APRA performance test? Some OnePath MySuper products have been subject to APRA’s annual performance test. Check the ATO’s YourSuper tool for your specific product’s result. Products that have failed are clearly flagged. Given OnePath products operate under Insignia’s trustee entity, the APRA assessment applies at the fund level — details are available at APRA’s website (apra.gov.au) and via the YourSuper tool.
Are there exit fees if I roll out of OnePath? Exit fees on super were banned from 1 July 2019. You should not be charged a fee simply for rolling your OnePath balance to another fund. However, buy/sell spreads may apply when your investment units are liquidated, and certain product-specific charges may apply — check the current OnePath PDS for your product. Contact OnePath/Insignia member services to confirm the process and costs.
Who should I contact for OnePath super queries? Despite the ANZ, Zurich, and IOOF/Insignia ownership changes, OnePath super member services can be contacted via Insignia Financial. Contact details are available at insigniafinancial.com.au or on your annual member statement. For insurance queries, check whether to contact Insignia or the current insurer directly — this information should be on your most recent insurance certificate.
For advice on your OnePath super account, speak with a licensed financial adviser. Ask about conflicts of interest. Find an adviser via MoneySmart. For more: Insignia/IOOF Review, Super Fund Comparison Table.