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Showing 31 - 40 of 291 results for "PDS"

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 ...

Wealth firm gears up to change administrator

ANDREW MCKEAN  |  TUESDAY, 2 APR 2024
Acclaim Wealth is preparing to conduct a data migration for its AMG Super Personal Pension Division next week, involving approximately 6000 members with funds under management of $1.6 billion. The migration will move these members from an old FNZ technology ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... regulator for greenwashing, paying $40,000 to comply with three infringement notices related to product disclosure statements (PDS) for the Vanguard International Shares Select Exclusions Index Funds. ASIC noted that the Vanguard International Shares ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
... 2023, MSC, as trustee and responsible entity of the Bloom Fund, made statements in the fund's product disclosure statement (PDS) that said the fund would seek to avoid the investment of the fund's assets in a range of excluded activities, including in ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... relevant PDSs for five or more years. Several of the options reviewed failed to meet their return or benchmark objectives in the PDS by a significant amount and over a significant period, ASIC said. Overall, the annualised returns of the options that ...