Queensland fund LGsuper has changed its life insurance arrangement, replacing AIA Australia with OnePath Life, effective 1 July 2012.
The agreement with OnePath comes after a tender process that was put into place in late 2011, following LGsuper’s merger with City Super in July 2011.
OnePath Life has been the insurer for City Super – the fund for Brisbane City Council employees – since July 2007. LGsuper’s agreement with AIA Australia also went back to 2007, said the fund’s chief executive David Todd.
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