Product Disclosure Update
First published on September 29, 2017
Effective 30 September 2017, in line with regulatory requirements relating to the disclosure of fees and costs, Tasmanian Perpetual Trustees (TPT) released updated disclosure documentation relating to:
- Income Funds Supplementary Product Disclosure Statement dated 30/09/2017, this document covers: Tasmanian Perpetual Fixed Term Fund (ARSN 093 458 256), Tasmanian Perpetual Long Term Fund (ARSN 093 255 791), Tasmanian Perpetual Select Mortgage Fund (ARSN 089 139 382)
- A new At Call Fund Product Disclosure Statement dated 30/09/2017, this document covers: Tasmanian Perpetual At Call Fund (ARSN 093 458 336)
Why the documents have been updated
By updating Regulatory Guide 97, Australian Securities and Investments Commission (ASIC) amended the rules for disclosing fees and costs of managed investment and superannuation products. The changes seek to promote accuracy and consistency in fee disclosures across the industry.
Summary of changes
Tasmanian Perpetual Trustees is committed to providing investors with up-to-date information, and adhering to new disclosure obligations and legal requirements. Accordingly, the PDS update reflects changes to bring them into line with Regulatory Guide 97 in terms of fee disclosure.
For TPTs Income Funds, additional investment mandate flexibility has been included to increase their capacity to gain exposure to mortgages and fixed interest assets via other registered managed investment schemes (increased from 10% to 20%). This will assist the product in continuing to deliver on its objectives.
Refer to the new PDS documentation which is now available at tasmanianperpetual.com.au alternatively you can request a copy from your nearest branch.
If you have any questions please contact us on 1300 138 044, email firstname.lastname@example.org or visit your nearest Branch.