Get the free Product Disclosure Statement

Este documento es un resumen de información significativa sobre el producto Premium Choice de BUSSQ, que ofrece opciones de superannuation y seguros a sus miembros, y detalles sobre cómo funciona

How to fill out product disclosure statement

How to fill out product disclosure statement

1. Begin with the title: Clearly label the document as 'Product Disclosure Statement'.
2. Include the purpose: State that the PDS provides essential information to help consumers make informed decisions.
3. Describe the product: Provide a detailed description of the product or service, including its features and benefits.
4. List the risks: Clearly outline any risks associated with the product.
5. Include costs: Detail all fees, charges, and any ongoing costs linked to the product.
6. Explain the terms and conditions: Summarize the key legal terms and conditions associated with using the product.
7. Provide contact information: Include contact details for further inquiries or support.
8. Review for clarity: Ensure the document is written in plain language and is easy to understand.

Who needs product disclosure statement?

1. Consumers looking to make informed decisions about financial products.
2. Investors considering investment options in various markets.
3. Individuals seeking to understand the terms of new services or contracts.
4. Regulators ensuring compliance with consumer protection laws.

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What is product disclosure statement?

A product disclosure statement (PDS) is a document that provides essential information about a financial product, including its features, benefits, risks, and costs, to help consumers make informed decisions.

Who is required to file product disclosure statement?

Issuers of financial products, such as investment funds, insurance products, and superannuation funds, are typically required to file a product disclosure statement.

How to fill out product disclosure statement?

To fill out a product disclosure statement, gather necessary information about the product, ensuring compliance with regulatory requirements, then structure the document to clearly present features, risks, benefits, and disclosures in a user-friendly manner.

What is the purpose of product disclosure statement?

The purpose of a product disclosure statement is to inform potential investors or consumers about the key aspects of a financial product, enabling them to understand the product's value and make informed investment choices.

What information must be reported on product disclosure statement?

A product disclosure statement must report key information including product features, risks, costs, benefits, applicable fees, dispute resolution mechanisms, and any other relevant disclosures that impact a consumer's understanding of the product.