Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 222 results for %22Product Disclosure Statements%22

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... methodology, "the descriptions of the exclusionary screens published by the index provider and within Vanguard's Product Disclosure Statement (PDS) were not sufficiently detailed." Vanguard noted it has undertaken "a range of measures to strengthen ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
... consider this constitutes another example of greenwashing." ASIC alleges Vanguard misled the public in Product Disclosure Statements published between 7 August 2018 to 17 February 2021, a media release issued in August 2018, in statements on its website ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... usual, the devil is in the detail," said Khouri. "And I hope that the legislation will be practical and provide us and product providers with adequate guidance."

High value investors playing it safe: Report

CHLOE WALKER  |  TUESDAY, 20 JUN 2023
... websites and third-party research reports," it said. "Company information such as annual reports and product disclosure statements also feature strongly." The study, conducted in November last year on behalf of the ASX by Investment Trends, is based ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... said. The removal of several layers of red tape for advisers was lauded by the advice industry. The removal of Fee Disclosure Statements, rationalisation of fee consent, eradicating the Best Interests Duty Safe Harbour steps, were quick wins for the ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... reworked to "limit the exception to the requirement to take reasonable steps to ensure the distribution of a financial product is consistent with its target market to personal advice provided by relevant providers." When personal advice is provided by ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... members. Last month, the industry fund acknowledged that it had inadvertently omitted some fees and costs from its product disclosure statement (PDS), resulting in a breach of RG97 legislation. This law mandates that funds disclose the amounts deducted ...

Abolishing FDSs a major win: Panel

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
... Association Roadshow in Sydney that, following an ASIC review under Report 636 in 2019, the regulator urged advisers to go into product systems and check that they have the right amounts in their FDSs. "Now, that is a response to the law. The law is ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... Endeavour complied with its compliance plan, obtained member approval for related party loans, or issued product disclosure statements that complied with law. They also failed to exercise care and diligence, and did not act in the best interests of members ...

Spotlight shines brighter on climate reporting: Expert

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... "Regulators expect consistency and clarity and the ability to verify that what is being said in product disclosure statements and website information matches what is being done in the front, middle and back office," she said. Organisations can expect ...