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Showing 1 - 10 of 222 results for %22Product Disclosure Statements%22

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... billion in funds under management. The claims were made via a variety of mediums, including in 12 product disclosure statements, a media release about the fund's launch, statements on its website, a Finance News Network interview featuring then-product ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
... 2022 to June 2023, MSC, as trustee and responsible entity of the Bloom Fund, made statements in the fund's product disclosure statement (PDS) that said the fund would seek to avoid the investment of the fund's assets in a range of excluded activities ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... a responsible entity. Exalt Global Funds Limited was found to have made misleading statements in product disclosure statements about the level of risk associated with the Paladin Monetizer Fund; didn't keep proper financial records for the fund; and ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... not worded and presented in a clear, concise, and effective manner." ASIC said it is concerned the product disclosure statements (PDS) contain misleading statements regarding Keystone's legal role in unregistered schemes the fund invests in; inadequate ...

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... fee arrangements. Advisers should still be required to have clients sign a standard fee consent, but should eliminate product providers out of the equation, the association suggests. The FAAA said: "This is counter to the intent of achieving standardisation ...

Adviser with Investport links sees ban affirmed

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... the clients' interests and her own interests as she was the recipient of several loans from the scheme. Further, the Statements of Advice provided by Anderson were found to be non-compliant, lacking additional disclosures around costs and benefits lost ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... the streamline of ongoing fee renewal and consent requirements, including removing the requirement to provide a fee disclosure statement (Recommendation 8) and flexibility on delivering a Financial Services Guide (FSG) (Recommendation 10). The legislation ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... moratorium on private litigation related to Scope 3 reporting as part of its proposed mandatory climate-related financial disclosure package has raised fears that it would give companies the green light to greenwash. Under the federal government's ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... found themselves homeless. Before its downfall, in August 2017 ASIC issued an interim stop order on product disclosure statements (PDS) issued by Theta Asset Management (Theta) offering investments in the SIT. In 2021, ASIC banned Theta managing director ...

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
... at 30 June 2023," the regulator said. ASIC alleges ESG misrepresentations were made on Active Super's website, disclosure documents and on Facebook, Instagram and LinkedIn. "There is much competition among super funds for new members, and we know ...
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