Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 286 results for "Product Disclosure Statement"

Stop orders placed on property funds

CHLOE WALKER  |  WEDNESDAY, 14 SEP 2022
... No.20. The orders prevent the responsible entities of the funds from issuing interest in, giving a product disclosure statement for or providing general advice to retail clients recommending investment in the funds under the existing TMD. The ARP Fund ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... in years. These elements should be consistent with other documents about the product, such as the product disclosure statement." While some trustees were found to have adopted consumer-centric review triggers that were specific and comparable over a ...

ASIC continues crack down on deceptive advertising

CHLOE WALKER  |  TUESDAY, 2 AUG 2022
The corporate regulator has issued stop orders against a commercial property investment firm for misrepresenting the performance risks of one of its funds, including marketing it as 'Covid proof'. An interim stop order was placed on Fawkner Property ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... issuing interests in PPM Units - a class of interests in RES Investment Fund - as well as providing a product disclosure statement about PPM Units or providing general advice to retail clients recommending PPM Units for 21 days. ASIC said the product's ...

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... that your super is in great hands', without disclosing that the product had failed the test. The Product Disclosure Statement (PDS) also had an image of a tick of approval," ASIC's review states. In another instance, ASIC said: "A trustee whose ...

3iQ introduces inaugural Australian products

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... tread carefully when assessing their risk profile. "Any potential investor should consider the latest product disclosure statement for the Bitcoin ETF and the Ether ETF before deciding whether to acquire, or continue to hold, an investment in these funds," ...

Equity Trustees wins Hejaz mandate

CHLOE WALKER  |  THURSDAY, 24 MAR 2022
Hejaz Asset Management has appointed Equity Trustees as responsible entity of three new Sharia-compliant funds. The three funds are the Hejaz Equity Fund, the Hejaz Property Fund and the Hejaz Income Fund. The Equity Fund aims to match the returns of ...

ASIC scrutinises managed fund marketing

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 MAR 2022
ASIC is investigating the marketing of managed funds, to identify the use of misleading performance and risk representations in promotional material. The move from the regulator comes after action on several managed fund schemes, based around alleged ...

ASIC consults on refreshing PDSs, FSGs

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
ASIC has opened consultations on remaking the relief contained in product disclosure statements and financial services guides. Under Consultation Paper 358 Remaking ASIC relief on PDSs, superannuation dashboards and FSGs, the corporate regulator is ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
Almost half of all superannuation products have seen their fees cut in the last 12 months while 5% of products' fees dropped more than once. Recent analysis of 463 superannuation fund product disclosure statements by Rainmaker Information found ...