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[27 Jul 2009 | No Comment | ]
How to Read a Product Disclosure Statement (PDS)

When considering purchasing any financial product, consumers will be given a Product Disclosure Statement (PDS) which outlines all the important information about the item the consumer is considering.  It is meant to serve as a comparison document, so buyers can look at different options side by side in an easy to read format.
Elements of a Product Disclosure Statement
Typically, the PDS will list the following information about the product:

Product Features –  this will list all the details about the particulars of the financial product being purchased.
Fees – this will outline how …