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Showing 41 - 50 of 53 results for "TMD"

ASIC issues stop order on third property fund

CASSANDRA BALDINI  |  FRIDAY, 30 SEP 2022
... made its third interim stop order this month on another property fund after it failed to meet target market determination (TMD) requirements. Australasian Property Investments Limited (APIL) is the most recent fund manager to be detected by the regulator. ...

Stop orders placed on property funds

CHLOE WALKER  |  WEDNESDAY, 14 SEP 2022
... disclosure statement for or providing general advice to retail clients recommending investment in the funds under the existing TMD. The ARP Fund solely invested in a portfolio of Australian residential property assets, borrowed money to support its investment ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
ASIC is calling on superannuation trustees to review and improve the effectiveness of target market determinations (TMD) for their products. The regulator's request follows a sample review of trustee compliance that found some poor practices. ASIC ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... about PPM Units or providing general advice to retail clients recommending PPM Units for 21 days. ASIC said the product's TMD included two categories of retail investors for whom investment in the product would not have been consistent with their ...

ASIC prepares advisers for DDO

KARREN VERGARA  |  FRIDAY, 17 SEP 2021
... distributors must take reasonable steps to ensure that a product is distributed consistently with the Target Market Determination (TMD). The TMD is a written document that describes the class of consumers comprising the target market for a product, and ...

DDO nil-reporting rule scrapped

KARREN VERGARA  |  THURSDAY, 16 SEP 2021
... their financial situation in relation to the financial product. They must also factor in the Target Market Determination (TMD) for every product sold and that they reach the intended audience. The Association of Financial Advisers general manager of ...

Iress integrates DDO with Xplan

ANNABELLE DICKSON  |  MONDAY, 30 AUG 2021
... Target Market Determinations (TMDs) throughout the entire advice process. Iress' DDO solution has three key features: TMD storage, a messaging solution to facilitate distributor and issuer contact and information for licensees and advisers by providing ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
The Financial Services Council (FSC) and 60 of its members have worked together to launch two products ahead of the design and distribution obligations (DDO) regime. The FSC and members from life insurance, funds management and superannuation have collaborated ...

Iress partners with regtech for DDO

ANNABELLE DICKSON  |  FRIDAY, 23 APR 2021
... financial products must be designed according to the objectives, financial situation and needs of the consumers. The Keystone TMD solution will assist issuers through the template design process, from authoring to approval and publishing. "We know that ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... assist advisers in meeting the obligations. Morningstar today announced a solution that will allow Target Market Determination (TMD) data to be backed by the 8300-unit prices daily, 4000 portfolios monthly and hundreds of PDS documents it collects and ...