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Showing 31 - 40 of 145 results for "Product Disclosure Statements"

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... while 5% of products' fees dropped more than once. Recent analysis of 463 superannuation fund product disclosure statements by Rainmaker Information found 48% of products decreased their fees since October 2020. The analysis also shows that 5% of ...

Super fund documents unreadable: Study

JAMIE WILLIAMSON  |  FRIDAY, 29 OCT 2021
... the 10 largest industry funds and 10 largest retail funds. The documents looked at were the funds' product disclosure statements, financial services guide, annual reports, and company policies. The metrics used to derive readability scores were grade ...

Super fee squeeze continues

KANIKA SOOD  |  MONDAY, 7 JUN 2021
... products dropped their fees in the March quarter, according to 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) ...

ASIC bans Theta managing director

KARREN VERGARA  |  MONDAY, 17 MAY 2021
... Between 20 May 2016 and 1 May 2018, Marie raised $16,710,669 from retail investors from five defective product disclosure statements for the trust that breached the Corporations Act. The documents were found to be misleading and deceptive, and omitted ...

ASIC to wind up PE Capital

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
... vehicle trusts. On top of that, ASIC claims PE Capital made misleading and deceptive statements in product disclosure statements. ASIC wants the Federal Court to wind up PE Capital and its unregistered schemes and obtain declarations that the company ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... contravened the Corporations Act on multiple occasions in authorising the issues of five defective Product Disclosure Statements (PDSs). The court has ordered Theta to pay a penalty of $2 million with respect to authorising the issue of five defective ...

ASIC delays RG97 again

KARREN VERGARA  |  THURSDAY, 10 SEP 2020
... timeframe when superannuation funds and managed investment product issuers are required to update their product disclosure statements, which originally applied to PDSs issued on or after 30 September 2020. Now, PDSs given on or after 30 September 2022 ...

Super fund expands investment exclusions

ELIZA BAVIN  |  FRIDAY, 4 SEP 2020
A $52 billion super fund has updated its product disclosure statements to exclude investment in any company that provides services to detention centres. HESTA said the change is part of its responsible investment approach and will come into effect 1 ...

Judgement delivered in binary options fraud

ALLY SELBY  |  FRIDAY, 19 JUN 2020
... from Australian customers using two trading websites. Ida and Senese also failed to issue necessary product disclosure statements for each binary option trade conducted, ASIC said, in contravention of the Corporations Act. Based in Seychelles and later ...

ASIC warns funds to clean up adverts

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
... total of $2.5 billion in assets to take "corrective action", including culling old advertising, product disclosure statements and webpages comparing products to lower-risk products. The regulator also asked the seven responsible entities to clarify actual ...