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Showing 1 - 10 of 148 results for "Product Disclosure Statements"

'Easy peasy, done': Senate rips Equity Trustees' checklist governance

RIDDHIMA TALWANI  |  THURSDAY, 10 SEP 2026
... beneficiary in those schemes. We were obviously misled, and that money was not invested according to the product disclosure statements. Our process isn't a checklist process." Replay of the hearing can be found here.

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
... process in 2020, including consideration of independent research reports from SQM Research, reviews of product disclosure statements, and ongoing annual stress testing. Diversa, however, did not review First Guardian's constitution before onboarding ...

Fiducian Group statutory profit falls 28%

MATTHEW WAI  |  MONDAY, 17 AUG 2026
... Diversified Social Aspirations Fund (DSAF), the group engaged an independent expert to review all product disclosure statements across its fund range. "Importantly, no investors suffered any financial loss," Singh said. "Seventy-five percent of investors ...

Super funds score win on stamp duty disclosure

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2026
... year will be disclosed over the following seven years in fees and costs summaries publishing in Product Disclosure Statements, rather than as an annual sum. The change is in response to concerns the inclusion of transaction costs, including stamp duty ...

ASIC bans another former MWL adviser

ELIZA BAVIN  |  THURSDAY, 23 APR 2026
... February 2024, ASIC halted new offers of investments in Shield. ASIC made interim stop orders on four product disclosure statements for Shield. In June 2024, ASIC took action to secure and preserve the assets held within Shield in hopes of paying investors ...

Former MWL Financial adviser banned for six years

ELIZA BAVIN  |  TUESDAY, 10 MAR 2026
... February 2024, ASIC halted new offers of investments in Shield. ASIC made interim stop orders on four product disclosure statements for Shield. In June 2024, ASIC took action to secure the assets held within Shield. ASIC sought orders to preserve the ...

ASIC issues interim stop orders to TruePillars

RIDDHIMA TALWANI  |  TUESDAY, 21 OCT 2025
ASIC has told private credit manager TruePillars to halt distribution of its product disclosure statements (PDSs) for two offerings. The interim orders prevent the fund from offering, issuing, selling or transferring interests in the Pooled Unit and ...

La Trobe has two of three stop orders lifted

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
... credit funds. "The stop orders didn't relate to the funds' performance, liquidity, advertising or the product disclosure statements. We champion transparency and welcome the opportunity to improve our TMDs for the benefit of investors," Andrews said. ...

ASIC issues interim stop orders to La Trobe Financial

JAMIE WILLIAMSON  |  FRIDAY, 19 SEP 2025
... conflicts of interest and fair treatment of investors. On September 3, La Trobe said it was revising the Product Disclosure Statements for the Australian Credit Fund and US Private Credit Fund to incorporate up to date terms and conditions. It said the ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... February 2024, ASIC halted new offers of investments in Shield. ASIC made interim stop orders on four product disclosure statements for Shield. In June 2024, ASIC took action to secure the assets held within Shield. ASIC sought orders to preserve the ...
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