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Showing 21 - 30 of 255 results for %22PDS%22

Crescent Wealth responds to PDS error criticism

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
Crescent Wealth has responded to a significant event notice that said the fund's estimated costs weren't calculated or disclosed correctly, calling the coverage of its errors "misrepresented." Equity Trustees, the trustee of Crescent Wealth ...

ASIC continues crack down on deceptive advertising

CHLOE WALKER  |  TUESDAY, 2 AUG 2022
... order, Fawkner cannot offer, issue, sell or transfer interests in the fund based on its existing product disclosure statements (PDS). According to ASIC, Fawkner misrepresented the performance risks of the fund in its marketing in several instances, including ...

Super fund for women closes

JAMIE WILLIAMSON  |  WEDNESDAY, 27 JUL 2022
... was only true for members with a balance of less than $21,000. Over time, FairVine increased its fees and its most recent PDS, released March 2021, showed it was more expensive than the typical not-for-profit fund, reporting a fee ratio of 1.13% on a ...

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... your super is in great hands', without disclosing that the product had failed the test. The Product Disclosure Statement (PDS) also had an image of a tick of approval," ASIC's review states. In another instance, ASIC said: "A trustee whose product ...

ASIC helps issuers avoid greenwashing

CASSANDRA BALDINI  |  TUESDAY, 14 JUN 2022
... describe a product (including in a sustainability-related product label), take care to adequately explain such terminology in the PDS and other promotional material. This is especially important for information that investors might reasonably rely on ...

ASIC consults on refreshing PDSs, FSGs

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... includes superannuation dashboards. One of the changes includes making relief in instruments that relate to shorter PDSs and PDS obligations for superannuation trustees, IDPS operators and responsible entities of IDPS-like schemes into one new instrument. ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
Almost half of all superannuation products have seen their fees cut in the last 12 months while 5% of products' fees dropped more than once. Recent analysis of 463 superannuation fund product disclosure statements by Rainmaker Information found ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
... had an older membership with a more conservative view, our view around the MySuper product was to offer a product under our PDS that reflected a more conservative focus. We've probably paid the penalty for having that focus, but it is something we've ...

Super fee squeeze continues

KANIKA SOOD  |  MONDAY, 7 JUN 2021
... Rainmaker Information's analysis of 475 product disclosure statements. Overall, 152 superannuation products updated their PDS's between January and March 2021. Of this, about 10% (16 products) increased their fees, 37% (56 products) decreased their fees ...

Actuaries Institute unveils IDII recommendations

KARREN VERGARA  |  MONDAY, 24 MAY 2021
... covered - not just at inception, but continually during the policy period. This would complement the policy document and/or PDS," the Provisional findings and recommended actions for individual disability income insurance read. Life insurers should avoid ...