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Mercer creates new PDS

Madeleine Collins
— 1 minute read
Mercer Legal and Communications Consulting practices are tailoring new product disclosure statements (PDS) for fund trustees and product providers as they implement new disclosure rules.
Merc
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er Legal and Communications Consulting practices are tailoring new product disclosure statements (PDS) for fund trustees and product providers as they implement new disclosure rules.

Investor disclosure documents are expected to become shorter under the Federal Government's 'incorporation by reference' regulations, which aim to cut red tape.

The rules, which came into force on August 23, now permit websites or other locations to house disclosure information on investments, instead of having to be contained in an unwieldy hard copy document.

Mercer chief executive Peter Promnitz said different documents could be targeted for different membership segments depending on their financial literary.

Promnitz said providers that asked for investor feedback would benefit the most from the changes.

 

Mercer creates new PDS
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