Episode transcript: click here
About this episode:
In this episode we’re going to do something a little different, and it’s going to require your help. Today we’re going to take you through a Product Disclosure Statement (PDS) for a Super fund, and we’re hoping you play along by opening up a copy of your own Super funds PDS too!
We’ll point out some of the key sections you’ll want to have a read of, what some of the jargon means and how to more confidently understand the fund you’re invested in. Essentially, it’s the document you want to ask for and read through (I’ll be the first to admit they’re pretty dry) — before investing in any financial product!
I know, I know, this doesn’t sound like something very fun to do with 30 minutes of your day, but if you put in the work now to ensure you’re in the most suitable product for you, you’ll be cruising all the way to the beach in retirement.
We’ll be using a few different PDS’s from large Aussie Super funds to illustrate what we’re saying as we work our way through this episode.
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Disclosure: Owen, Kate, and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.
Resources:
- Explained: What Is A PDS, FSG And Terms?
- Beginner Shares course
- Regulatory Guide RG 254 Offering securities under a disclosure document
- Regulatory Guide RG 168 Disclosure: Product Disclosure Statements (and other disclosure obligations)
- How To Read A Product Disclosure Statement (PDS) And When They Are Required
Rask Education money & finance courses
Please forgive me, I couldn’t help but plug our 5-star (and free) financial education courses in here. I’ve linked a few of my favourites below if you’re keen on taking control of your time and money.
- Financial Independence, Retire Early (FIRE) Mega Course
- Beginner Shares Online Course
- Money & Budgeting: The Complete Guide
- Beginner ETF Investing Course
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