The Design and distribution obligations (DDO) are intended to help consumers obtain appropriate financial products by requiring issuers and distributors to have a consumer-centric approach to the design and distribution of products.

In particular:

• issuers must design financial products that are likely to be consistent with the likely objectives, financial situation and needs of the consumers for whom they are intended;
• issuers and distributors must take ‘reasonable steps’ that are reasonably likely to result in financial products reaching consumers in the target market defined by the issuer; and
• issuers must monitor consumer outcomes and review products to ensure that consumers are receiving products that are likely to be consistent with their likely objectives, financial situation and needs.

The Design and distribution obligations (DDO) require issuers and distributors to develop and maintain effective product governance arrangements across the life cycle of financial products. The key intention of DDO is improved outcomes for consumers that invest in these products.

Our dedicated DDO page will provide you with information in relation to DDO for funds issued by UBS Asset Management (Australia) Ltd including Target Market Determinations (TMDs), Investor Updates and any other information deemed relevant from time to time. If you require more information, please contact your financial adviser.