Disclosure statements allow easy comparison
ASB head of wealth Jonathan Beale said DIMS providers were developing new materials that would allow consumers to quickly compare the different providers.
“It’s very transparent, the fees associated and what [the manager] is invested in.”
Beale said ASB was going through the DIMS licensing process, and getting ready to go live with the new requirements by December 1.
“It’s not different, just new. Lots of people are involved, for us it’s great to finally get some good collateral that explains what we do really nicely so customers can compare.”
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