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Oasis chooses ING

By Victoria Young
 — 1 minute read
ING's service and underwriting strengths win Oasis tender.
Platform provider Oasis Asset Management has replaced its group insurer covering its 69,000 superannuation members.

ING Australia has replaced Tower.

"ING Australia was chosen due to the strength of their service offering and underwriting practices," Oasis Asset Management managing director Wayne Lowe said.

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A blind tender process was conducted by representative from each of its clients.

The details of insurers were not revealed until they were narrowed down to the final two, Lowe said.

ING bought a 73 per cent stake in Oasis Asset Management in March 2006.

The North Sydney-based superannuation master trust and investment portfolio wrap provider has eight clients with more than $4.5 billion funds under management

Australian Financial Services, Financial Planning and Life, Infocus Money Management, Mariner Financial, Matrix Planning Solutions, Professional Investment Services, Total Financial Solutions Australia and Wealthtrac are Oasis clients.

Oasis chooses ING
ING's service and underwriting strengths win Oasis tender.
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