The ASISA Retail Standard on Effective Annual Cost (EAC) is a standardised disclosure methodology that can be used by both consumers and advisors to compare charges on most retail investment products and their impact on investment returns. The EAC is a measure of the charges that an investor will likely incur in purchasing and holding a financial product. The Standard was approved by the ASISA Board on 7 August 2015 but updated recently on 12 June 2017. The updated version came into effect on 1 October 2017.
Click here to read the ASISA Standard