Design and Distribution Obligation
Design and Distribution Obligations (DDO) require product issuers, such as Australian Catholic Superannuation, to design retail financial products that are consistent with the likely objectives, financial situation, and needs of the retail consumer for whom they are intended.
In doing so, DDO intends to assist retail consumers obtain the appropriate retail financial products by requiring product issuers and distributors to have a consumer-centric approach to designing and distributing retail financial products.
Target Market Determination
DDO requires issuers of retail financial products to develop and publish a Target Market Determination (TMD). A TMD describes the class of retail consumer that comprises the target market for a retail financial product.
Australian Catholic Superannuation has two retail financial products: Superannuation and Pension.
Click below to download our Target Market Determinations