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Showing 151 - 160 of 291 results for "PDS"

ASIC issues digital disclosure guidance

ALEX DUNNIN  |  TUESDAY, 28 JUL 2015
... with ever increasing numbers of people transacting digitally," he added. "The changes mean product disclosure statements (PDS) and other financial services disclosure documents will be delivered to consumers digitally as the default option, unless the ...

Small cap fund opens to retail investors

LAURA MILLAN  |  FRIDAY, 24 APR 2015
... Opportunities Fund is now open to a wider range of retail investors after the manager developed a product disclosure statement (PDS) for the fund. Managed by Phoenix Portfolios, the fund launched in 2011 with seed capital from Cromwell. At the time ...

Media Super doubles investment menu

STAFF WRITER  |  WEDNESDAY, 15 APR 2015
... option. The expanded Media Super menu range of diversified and sector options was launched last October while the life cycle PDS was issued only last month. In a statement issued at the time, Media Super said: "The new range provides a mix of assets ...

ASFA supports ASIC electronic disclosure consultation

ALEX BURKE  |  THURSDAY, 22 JAN 2015
The Association of Super Funds Australia (ASFA) has expressed its support for the ideas discussed in ASIC Consultation Paper 224 - Facilitating electronic financial services disclosures. It argued that ASIC facilitating electronic disclosure will assist ...

Government explains Challenger annuity mix-up

JAMES FERNYHOUGH  |  TUESDAY, 2 DEC 2014
... years. A spokesman for Challenger told Financial Standard: "The Care Annuity's liquidity features were clear from the draft PDS supplied to the DSS in 2012.A The product hasn't changed since then.A Care's customers are ACAT-assessed very elderly people ...

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
... 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 ...

Research houses to blame for advice catastrophes: AIOFP

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
... market stakeholder funding research houses to avoid massive conflicts of interest and distortions with the true quality of a PDS and its manufacturer." It suggested that advisers fund a panel of research houses that would examine new product disclosure ...

Consumers reluctant to use online advice

LAURA MILLAN  |  WEDNESDAY, 23 APR 2014
... this information online and 7% doing it offline. The survey also showed that consumers read product disclosure statements (PDS) online (21%) more than they do on paper (15%). As many as 75% of Australians were open to conducting wealth management online ...

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 ...