Super fund documents unreadable: StudyBY JAMIE WILLIAMSON | FRIDAY, 29 OCT 2021 12:44PMThe documents produced by Australia's largest superannuation funds have performed dismally in an analysis of readability, with an average score of 45.6 out of a possible 100. Related News |
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
Of course, none of them are understandable to Mr, Mrs or Ms Average. Why not? Because all fund documents - especially Product Disclosure documents - have to be COMPLIANT to ensure they make ASIC requirements - particularly to avoid 'non-disclosure'.
So you get umpteen pages of long-winded explanations of nausea-inducing and largely irrelevant detail. Well, ASIC, you can't have it both ways. Even if you think you can.