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Product Disclosure Statement Prepared and issued 15 June 2015 CONTENTS 1. About IEC Super 2. How super works 3. Benefits of investing with B IEC Super 4. Risks of super 5. How we invest your money
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How to fill out a product disclosure statement?
01
Read the instructions: Start by carefully reading the instructions provided with the product disclosure statement (PDS). The instructions will guide you through the process of filling out the document correctly.
02
Understand the purpose: Before you begin filling out the PDS, it is essential to understand its purpose. A product disclosure statement is a legal document that provides important information about a particular product. It typically includes details about the product's features, benefits, risks, and terms and conditions.
03
Gather necessary information: Collect all the necessary information required for completing the product disclosure statement. This may include personal details, financial information, product-specific details, and any other relevant information that the PDS requests.
04
Complete all sections: Carefully complete each section of the product disclosure statement. Ensure that you provide accurate and truthful information. Any incorrect or incomplete information may lead to potential issues or misunderstandings.
05
Seek professional advice if needed: If you find any section of the PDS confusing or have questions about certain aspects, consider seeking professional advice. Financial advisors or legal experts can provide guidance and help you understand complex terms or clauses.
Who needs a product disclosure statement?
01
Investors: Investors who are considering investing in a particular product, such as mutual funds, insurance policies, or financial instruments, often require a product disclosure statement. It helps them make an informed decision by providing crucial information about the product's risks, returns, and terms.
02
Consumers: Consumers who are purchasing certain products or services may also need a product disclosure statement. This is common in industries like insurance, where policyholders need to understand the coverage, exclusions, and conditions before entering into a contract.
03
Regulators and Authorities: Regulatory bodies and authorities may require companies or organizations to provide a product disclosure statement to ensure transparency and consumer protection. This helps them assess whether the product complies with relevant regulations and standards.
04
Professionals and Advisors: Professionals and financial advisors who provide recommendations or advice on products to their clients often need a product disclosure statement to fulfill their regulatory obligations. It serves as a reference to provide accurate and comprehensive information to their clients.
Remember, always consult the specific requirements or regulations applicable to your country or industry to determine if a product disclosure statement is necessary and how to properly fill it out.
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What is product disclosure statement?
The product disclosure statement (PDS) is a document that provides information about a financial product.
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 detailed information about the financial product being offered.
What is the purpose of product disclosure statement?
The purpose of a product disclosure statement is to ensure that consumers have access to important information about a financial product before making a decision to purchase or invest.
What information must be reported on product disclosure statement?
Information such as fees, risks, benefits, and terms and conditions of the financial product must be reported on a product disclosure statement.
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