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Target Market Determinations

As part of the Product Design and Distribution Obligations (DDO), insurers and other issuers of financial products are required to create written Target Market Determinations (TMDs) for all products that 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.

The table below sets out all the TMDs for products issued by Marsh group of companies, including Marsh, Marsh Advantage, JLT Risk Solutions and via the Marsh McLennan Agency placement platform. These TMDs relate to Scheme, Facility and binder products and mutual discretionary trusts only. Please reach out to your carrier for open market TMDs.

Marsh issued product TMDs are listed below:

Chubb
JLT Group Services
QBE
Victor Insurance Australia P/L

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