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Showing 71 - 80 of 287 results for "Product Disclosure Statement"

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 ...

Super fund documents unreadable: Study

JAMIE WILLIAMSON  |  FRIDAY, 29 OCT 2021
The documents produced by Australia's largest superannuation funds have performed dismally in an analysis of readability, with an average score of 45.6 out of a possible 100. Ethos CRS analysed 80 different documents published online by the 10 largest ...

YFYS will impact advisers too

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
... necessitate some client education. "The other angle here is to is that those of you who've read a product disclosure statement recently, you'll know that there's always a line saying the past performance is no guide to future performance. ...

DDO nil-reporting rule scrapped

KARREN VERGARA  |  THURSDAY, 16 SEP 2021
... one of many amendments it wants to implement. Another proposal is it seeks to clarify that when a Product Disclosure Statement is given while providing personal advice as required by law, that "this conduct is within the scope of excluded conduct, consistent ...

Super fee squeeze continues

KANIKA SOOD  |  MONDAY, 7 JUN 2021
Fifty-six superannuation products dropped their fees in the March quarter, according to Rainmaker Information's analysis of 475 product disclosure statements. Overall, 152 superannuation products updated their PDS's between January and March 2021. Of ...

Platinum launches investment bond

KANIKA SOOD  |  TUESDAY, 1 JUN 2021
... is offering two options: Platinum's International Fund or the Asia Fund, according to the March 19 product disclosure statement. Lifeplan Australian Friendly Society will act as the issuer of the investment bond structure. The minimum investment size ...

ASIC bans Theta managing director

KARREN VERGARA  |  MONDAY, 17 MAY 2021
ASIC has banned the managing director of Theta Asset Management for four years from the financial services industry. The banning order for Robert Patrick Marie comes after several instances of misconduct relating to Theta, the responsible entity of ...

ASIC to wind up PE Capital

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
ASIC has taken action to wind up PE Capital Funds Management and its managed investment schemes. The regulator is alleging that PE Capital operated unregistered managed investment schemes including the PE Capital Property Development Fund, PE Capital ...

Trading platform slapped with licence conditions

KARREN VERGARA  |  MONDAY, 15 MAR 2021
... reporting rules, lodge financial statements on time, abide to ASIC derivative transaction rules and lodge product disclosure statement in-use notices. AxiCorp trades under AxiForex, AxiPrime and AxiTrader and operates a business offering margin foreign ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
A court has found Theta Asset Management and its managing director contravened the Corporations Act on multiple occasions in authorising the issues of five defective Product Disclosure Statements (PDSs). The court has ordered Theta to pay a penalty ...