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Product Disclosure Statement IRIS Super Income Stream For Retirement and Transition to Retirement Issued 1 April 2016 i About this Product Disclosure Statement (PDS) The Trustee is the issuer of this

How to fill out product disclosure statement

How to fill out a product disclosure statement?

1. Begin by gathering all the necessary information: Before filling out a product disclosure statement, gather all the relevant details related to the product or service you are disclosing. This may include information such as the product's purpose, features, terms and conditions, fees, and any associated risks.
2. Understand the requirements and guidelines: Familiarize yourself with the guidelines and requirements set by your industry or regulatory body for creating a product disclosure statement. Ensure that you comply with all the necessary legal obligations and regulations.
3. Clearly outline the key information: Start by providing a concise summary of the product or service being disclosed. This should include its main features and benefits, as well as any potential risks or limitations. Make sure to use clear and easy-to-understand language, as the disclosure statement should be accessible to all readers.
4. Include all necessary terms and conditions: Detail any specific terms and conditions that customers need to be aware of when using or purchasing the product. This may include information about warranties, refund or return policies, cancellation or termination procedures, and any other important contractual obligations.
5. Provide important contact information: Include contact details for customer support or a designated representative who can address any queries or concerns related to the product or service. This will ensure that customers have a way to reach out for assistance or clarification if needed.
6. Review and update regularly: It is important to review and update the product disclosure statement periodically. As products evolve or new regulations come into effect, it is crucial to ensure that the statement remains accurate and up-to-date. Regularly assessing and updating the disclosure statement will help maintain customer trust and compliance with legal requirements.

Who needs a product disclosure statement?

1. Financial Institutions: Banks, credit unions, and other financial institutions often require a product disclosure statement when offering loans, credit cards, or other financial products to customers. This statement provides customers with key information about the product, its terms, and any associated risks.
2. Insurance Companies: Insurance providers are typically required to provide a product disclosure statement when offering insurance policies to individuals or businesses. This statement outlines the coverage, exclusions, premium amounts, and any legal obligations that customers must comply with.
3. Investment Firms: When it comes to investment products, such as mutual funds or stocks, investment firms must provide a product disclosure statement. This statement presents details about the investment strategy, potential risks, fees, and any other relevant information that investors need to know.
4. eCommerce Platforms: Online marketplaces or eCommerce platforms may require sellers to provide a product disclosure statement for certain products. This ensures that customers have accurate information about the product before making a purchase.

Overall, a product disclosure statement is essential for businesses and organizations that offer products or services to the public. It serves as a transparent and informative document that allows customers to make informed decisions and understand the implications of using or purchasing a particular product.

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What is product disclosure statement?

A product disclosure statement is a document that provides information about a financial product to help consumers make informed decisions.

Who is required to file product disclosure statement?

Financial institutions and companies offering financial products are required to file a product disclosure statement.

How to fill out product disclosure statement?

To fill out a product disclosure statement, you need to provide accurate and comprehensive information about the financial product being offered.

What is the purpose of product disclosure statement?

The purpose of a product disclosure statement is to inform consumers about the key features, risks, and terms of a financial product.

What information must be reported on product disclosure statement?

The product disclosure statement must include information about fees, charges, benefits, risks, and terms and conditions of the financial product.