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Showing 41 - 50 of 291 results for "PDS"

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... worded and presented in a clear, concise, and effective manner." ASIC said it is concerned the product disclosure statements (PDS) contain misleading statements regarding Keystone's legal role in unregistered schemes the fund invests in; inadequate disclosures ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
Life insurers are underhandedly hiking premiums in a way that is misleading and fails to explain why they are rising, according to APRA and ASIC, warning that they will take regulatory action if practices do not improve. The regulators have reprimanded ...

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... "materially higher", blaming increased performance fees. The industry fund recently updated its Product Disclosure Statement (PDS) to reflect the fees and costs incurred last financial year for members in Hostplus Super, Personal Super, and the Executive ...

Morningstar cops greenwashing fine

KARREN VERGARA  |  FRIDAY, 1 DEC 2023
... Honeywell International, General Dynamics, Leidos Holdings, Northrop Grumman, and Raytheon Technologies despite stating in its PDS that such businesses would be excluded. The fund invested in Honeywell International from November 2 to 18. It was invested ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... themselves homeless. Before its downfall, in August 2017 ASIC issued an interim stop order on product disclosure statements (PDS) issued by Theta Asset Management (Theta) offering investments in the SIT. In 2021, ASIC banned Theta managing director Robert ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... suggested that the actions had not adequately addressed the issue," AFCA said. Another insurer omits medical definitions in its PDS, and instead directs customers to a website to read them, meaning they must undertake their own detailed research to find ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... 30, post deduction of investment tax, fees, and costs. However, a recent review unearthed inaccuracies in the fund's earlier PDS, which mistakenly indicated that a monthly crediting rate was applied to both full and partial account withdrawals, regardless ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... 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 the end-to-end ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
... descriptions of the exclusionary screens published by the Index provider and within Vanguard's Product Disclosure Statement (PDS) were not sufficiently detailed." "At the time, the description of the exclusionary screens did not provide a sufficiently ...

Spaceship told to cease super, funds distribution

JAMIE WILLIAMSON  |  FRIDAY, 2 JUN 2023
... the target markets (medium and high). The TMDs also stated a potential investment timeframe of two years or more, when the PDS states seven years. In a statement, Spaceship said: "In complying with the interim stop order, Spaceship has temporarily suspended ...