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Discover PensionSelect, an allocated pension plan that provides investment flexibility and concessional tax treatment for dependants of deceased members, effective from 4 August 2024.
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What is product disclosure statement?
A product disclosure statement (PDS) is a document that provides information about a financial product to help consumers make informed decisions. It outlines the features, benefits, costs, risks, and other relevant information regarding the product.
Who is required to file product disclosure statement?
Organizations that offer financial products, such as banks, insurance companies, and investment firms, are required to file a product disclosure statement for each of their financial products.
How to fill out product disclosure statement?
To fill out a product disclosure statement, you must gather all relevant information about the product, including its features, fees, risks, and terms, and present this information clearly and concisely as per regulatory guidelines.
What is the purpose of product disclosure statement?
The purpose of the product disclosure statement is to provide consumers with essential information about a financial product, enabling them to compare different products and make informed decisions that suit their financial needs.
What information must be reported on product disclosure statement?
The product disclosure statement must report information such as the product's key features, costs, benefits, risks, any limitations, and how to make a complaint, among other regulatory requirements.
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