ANZ has completed the sale of OnePath Pensions and Investments to IOOF Holdings. The final sale price was A$850 million.When the sale was first announced in October 2017, the price was A$975 million but last year ANZ agreed to revised terms, which reflected "changing market conditions and include lower overall warranty caps, as well as some changes to the strategic alliance arrangements". Completion of the transaction will increase ANZ's common equity tier 1 capital ratio by about 20 basis points.ANZ said in a statement that the sale completed its strategy of simplifying its wealth business. In June last year, the bank completed the sale of the other part of the OnePath business, OnePath Life, to Zurich Financial Services Australia.That deal was worth $2.85 billion. Terms of the sale include a 20-year agreement for Zurich to provide life insurance products to ANZ customers through the bank's distribution channels.