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Showing 31 - 40 of 295 results for "PDS"

CFS unveils fund manager, fee changes to FirstChoice

KARREN VERGARA  |  TUESDAY, 29 OCT 2024
... returns over the medium to long term by identifying high quality Australian companies with strong future growth prospects," the PDS shows. This is via a high-conviction approach, holding typically between 25 and 40 stocks. It can invest up to 100% of ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
The Federal Court has ruled in ASIC's favour, finding that a 'pre-existing condition' term in certain HCF Life policies was liable to mislead the public. The term was used in three contracts issued under HCF Life's 'Recover' range of products. ASIC ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... correct figure at the time of the review was $51,630, the research said. Several funds also used fees that didn't match their PDS. Diversa offered a generic calculator for all the funds for which they are the trustee, while BT and Colonial First State ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... a penalty hearing was held in August at which ASIC pushed for Vanguard to be penalised $21.6 million - $18 million for the PDS issues, $2 million each for the press release and website claims, and $1 million each for the YouTube video and Finance News ...

Choice products require fairer framework: FSC

KARREN VERGARA  |  TUESDAY, 6 AUG 2024
... to apply a performance test on the asset managers of the investment option against a benchmark potentially different to the PDS disclosure and a product's Target Market Determination without assessing the trustee. FSC chief executive Blake Briggs ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
... consumers who held existing term deposits with Firstmac. In doing so, it breached DDO by sending product disclosure statements (PDS) for the Firstmac High Livez product to those existing term deposit holders, without first ensuring consistency with its ...

DigitalX to launch Bitcoin ETF on ASX

ANDREW MCKEAN  |  TUESDAY, 9 JUL 2024
... overseeing its operation and management. "There's no guarantee that Bitcoin will maintain any long-term value or use," the PDS issued by K2 warned. Meanwhile, 3iQ will help DigitalX to promote and distribute the ETF in Australia and internationally. ...

AustralianSuper unleashes raft of investment and fee changes

ELIZA BAVIN  |  TUESDAY, 2 JUL 2024
... addition to the investment and fee changes, AustralianSuper has removed the Reduced Income Tax Credits (RITCs) section of the PDS across the Income and Choice products. The section that has been removed said: "For advice fees, other than for over-the-phone ...

Court freezes assets of Keystone AM managed fund

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
The Australian Securities and Investments Commission (ASIC) has obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund (Shield), a registered managed fund overseen by Keystone Asset Management. ASIC said it sought ...

ASIC calls out licensees: 'We will take action'

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... where choice products had persistently underperformed against the benchmarks disclosed in their product disclosure statements (PDS)," he said. "I just want to emphasise that point - this was about the benchmarks set in the product's product disclosure ...