Target Market Determinations

As part of the Product Design and Distribution Obligations (DDO), insurers and other issuers of financial products are now required to create written Target Market Determinations (TMDs) for all products which require a Product Disclosure Statement (PDS).

TMDs describe a class of retail clients that are the insurer’s/ issuer’s target market for the product and specify any conditions and restrictions on the distribution of retail products, any events and circumstances that would reasonably suggest the TMD is no longer appropriate and the reporting periods for when complaints about the product should be provided to the insurer/issuer. The TMD must be publicly available.

From 5th October 2021, insurance brokers such as Gow-Gates must ensure that any retail client that is sold a products with a PDS, is within the target market prescribed by the insurer/ issuer.

The links below sets out the TMDs created by insurers/issuers who underwrite products distributed by the Gow-Gates group of companies. If your insurer is not on this list please contact your broker or visit their webpage.

This webpage has been prepared without taking into account your objectives‚ financial situation or needs. Before making a decision to buy insurance, you should consider whether it is appropriate for your specific circumstances and read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD).