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Showing 141 - 150 of 287 results for "Product Disclosure Statement"

Manage super on the go with new Wealthtrac app

MARK SMITH  |  TUESDAY, 28 OCT 2014
Platform and wrap provider Wealthtrac has launched a new app for its wrap product that allows members to monitor their super on their mobile device. Wealthtrac chief executive Matt Johnson said the app recognised the shift occurring in the delivery ...

Misleading PDS costs NAB $10,200

LAURA MILLAN  |  WEDNESDAY, 1 OCT 2014
Making potentially misleading statements in a product disclosure statement (PDS) has seen National Australia Bank (NAB) get a $10,200 penalty from the Australian Securities and Investments Commission (ASIC). The regulator was concerned that the PDS ...

Westpac fined over misleading statements on annuity product

LAURA MILLAN  |  WEDNESDAY, 17 SEP 2014
... the Australian Securities and Investments Commission issued two infringement notices regarding the product disclosure statement (PDS) and other promotional material. Westpac potentially misled consumers by representing that the interest rate was calculated ...

Investors vulnerable as property schemes shirk risk disclosure

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
... and/or in a single designated document. As a result of ASIC's surveillance, one scheme withdrew its Product Disclosure Statement from the market. A further three entities will be questioned about their disclosure. ASIC will also be meeting with industry ...

FSC serves boutique with 'surprise' exit fee

JAMES FERNYHOUGH  |  THURSDAY, 22 MAY 2014
... when it joined up, and the document that they have on file mentions nothing about it. "If you had a product disclosure statement and you didn't disclose the exit fee, but then you claimed to an investor that it was in the constitution, that's not good ...

Research houses to blame for advice catastrophes: AIOFP

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
The Association of Independently Owned Financial Professionals (AIOFP) said that research houses' conflicts of interest when rating products are one of the reasons behind the failure of some funds. In a submission to the Financial System Inquiry (FSI) ...

Consumers reluctant to use online advice

LAURA MILLAN  |  WEDNESDAY, 23 APR 2014
Consumers do not trust online advice and still prefer to meet their financial planner face to face. A Financial Services Council (FSC) research into consumers' digital engagement with superannuation and wealth management found that only 13% of Australians ...

ASIC extends short PDS relief

LAURA MILLAN  |  TUESDAY, 11 FEB 2014
... Securities and Investments Commission (ASIC) has extended interim class order relief from the shorter product disclosure statement (PDS) regime for multi-funds, superannuation platforms and hedge funds. A class order has extended the relief which was ...

ASX managed funds services gets ASIC nod

JAMES FERNYHOUGH  |  MONDAY, 13 JAN 2014
... investors access to unlisted managed investment schemes without having to go through the lengthy product disclosure statement 'wet signature' procedures previously demanded. ASIC issued the class order granting ASX relief from this process following ...

ASIC concerned about PDS font size, consumer warnings

LAURA MILLAN  |  THURSDAY, 28 NOV 2013
... and Investments Commission (ASIC) is concerned that some providers are adapting to the new shorter product disclosure statement (PDS) by reducing the font size and has solved the issue by establishing the minimum font size at 9 points. In a review of ...