OnePath launches fee-for-service product range

OnePath has taken steps to better cater for fee-for-service advisers with the launch of a new range of products through its OneAnswer Platform.

The group stated that OneAnswer Frontier would give advisers more choice and flexibility, delivering fee-for-service pricing and remuneration options unbundled from products. The range of products was designed to complement the current range of fee options already available on the OneAnswer suite, OnePath stated.

“We’ve seen increasing adviser demand for fee-for-service solutions,” said OnePath head of superannuation and investment platforms Mark Pankhurst. “So we have taken this opportunity to launch a new version of the product that efficiently caters for this segment, and at the same time improve the overall offering.”

Pankhurst stated that a low minimum entry amount as well as an annual member fee for superannuation clients with less than $100,000 meant that advisers were able to service and use just one platform for their high as well as low balance clients.

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