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Showing 61 - 70 of 254 results for "PDS"

ASIC launches action against AFSL, director

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... Trust, failing to ensure that each of them was not defective," the regulator said. ASIC said the parties failed to ensure that PDS did not contain misleading or deceptive statements and omissions in respect to statements and information required to be ...

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
ASIC has updated its guidance to superannuation funds and issuers of managed investment products on fees and cost disclosure, with a suite of new requirements set to apply from late-2020. The corporate regulator released an updated version of Regulatory ...

CommInsure enters guilty plea

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
... requirement to offer the customer the option of having the information required to be included in the Product Disclosure Statement (PDS) for Simple Life read to them prior to the offer or issue to sell the product. In 14 of the 87 calls charged, CommInsure ...

Cbus enters corporate super

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
... be entitled to automatic income protection cover where applicable. Again similar to the MySuper offering, according to the PDS, most members are eligible for insurance though there are some caveats. For instances, those aged 65-69 years of age there ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... When it came to superannuation PDSs the report found cited research finding that 64% of consumers cannot locate fees in a PDS for a managed investment and 53% cannot locate fees in a PDS for a super fund. Super dashboards, which are intended to provide ...

Super fund cuts fees

HARRISON WORLEY  |  TUESDAY, 1 OCT 2019
... per year. The fund said the changes were part of its effort to deliver long-term benefits for members, and pointed out the PDS example of total costs for a $50,000 investment in its MySuper option has dropped by 22.6% since February. Energy Super chief ...

Neuberger Berman launches new fund

KRISTI CHENG  |  THURSDAY, 19 SEP 2019
... income via exposure to global fixed income markets, with a minimum suggested investment time of five years, according to its PDS. The Neuberger Berman Strategic Income Strategy was first launched in the US in 2003, and subsequently in Europe in 2013. ...

Boutique launches new fund

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... duration) is in keeping with our objective to offer a return to investors in excess of the RBA's official cash rate," the PDS reads. Matthew Lemke, who set up Prime Value's Cash Plus Fund in 2014, is the portfolio manager for the new fund. The ...

Industry fund overhauls fee structure

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... required to, will provide you with at least 30 days' notice in advance of any increases to fees and costs," the updated PDS shows. Under the old structure, the fund used to charge ICRs on the following options on a per annum basis: high growth (1.01%) ...

New super fund tests waters

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... promises members more transparency and better ways to deal with their superannuation provider. While Super Life does not have a PDS as yet, it aims to invest in "women-friendly companies." Financial education will be a centrepiece of the start-up's offering. ...