Brighter Super adds Zurich OneCare members

Queensland-based Brighter Super has benefited again from a key corporate superannuation mandate, with the 68,000 members of Zurich’s OneCare Super product moving across in a successor fund transfer (SFT).

Brighter Super said it had become trustee of the OneCare super products that transferred from OnePath Custodians to Brighter Super after the SFT which takes effect from 1 October.

It said the addition of the OneCare Super policy holders comes after the fund welcomed 61,000 new members with the addition of Zurich Insurance-only Superannuation Plan policy holders after a Successor Fund Transfer in October 2024. Equity Trustees Superannuation Limited had previously been the trustee.

Brighter Super chief executive, Kate Farrar noted that Zurich is one of the largest insurance organisations in Australia with strong financial credentials.

The announcement said the transfer will enable members to continue to access risk only insurance benefits through superannuation, including death, disablement, and income protection. Zurich, under the OnePath brand, will continue to deliver this insurance cover.

Brighter Super’s support for risk-only members began with the acquisition of the Suncorp superannuation business in 2022 and the SFT of SPSL in 2023.

Risk-only products allow Brighter Super to offer tailored insurance solutions that are not typically available through a group insurance arrangement. While these members do not bring funds under management (FUM), their inclusion contributes to the fund’s administration scale, benefiting all members of the fund.