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Showing 41 - 50 of 145 results for "Product Disclosure Statements"

Will COVID-19 kill the balanced option?

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... to fix," Dunnin said. Geffin pointed out the SRMs are often buried deep within lengthy super fund product disclosure statements. He also sees a conflict of interest in the fact that trustees assess their own SRM. Geffin wants to see the SRM for every ...

Super funds snub millions of Aussies

ELIZA BAVIN  |  THURSDAY, 27 FEB 2020
... service." "Customer enquiries typically involve reasonably complex discussions regarding contracts, product disclosure statements and other financial or technical scenarios that are often hard to clearly communicate or understand even between two native ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
New insights from Rice Warner claim product disclosure statements are weak in their ability to actually inform or protect consumers. Last year's report from ASIC on the matter said: "The over-reliance on disclosure in some ways proved an enabler of ...

ASIC launches action against AFSL, director

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... Marie. "ASIC alleges that Theta and Mr Marie were responsible for authorising the issue of five product disclosure statements for the Sterling Income Trust, failing to ensure that each of them was not defective," the regulator said. ASIC said the parties ...

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... costs are presented in periodic statements and now includes a single "Cost of Product" figure in product disclosure statements. The update to RG97 requires super funds and managed investment product issuers to re-group values in the re-named fees and ...

Don't over-interpret OECD super fee figures

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... 0.66% for industry funds. However, some retail funds report total fees of more than 1.5% in their product disclosure statements, while others - such as market leading low-fee products - state their fees are around 0.6%. Dunnin adds that the report shows ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... risk investments contrary to clients' risk appetites and failed to provide statements of advice, product disclosure statements or fee disclosure statements. ASIC found Michael engaged in unlicensed financial advice beyond the cessation of his authorisation. ...

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
ASIC is reminding superannuation funds to update product disclosure statements to disclose exit fees will no longer be charged under the 1 July 2019 changes. ASIC has amended Class Order 14/1252 to align with the Treasury Laws Amendment (Protecting ...

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
... reductions in profits even if major platforms cut costs by 20% over the next five years. UBS reviewed 130 product disclosure statements and mapped fees across $660 billion of funds under management representing more than 95% of major or non-aligned platforms. ...

New wellbeing venture for BT

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
... resonate with clients and help them maintain a healthy lifestyle." BT also announced updates to product disclosure statements for Protection Plans. The Child Support Benefit expiry age date has been extended from 16 to 18. Meanwhile, the cancer definition ...