FOS chief obudsman, Shane Tregellis rejects calls for a limit to its monetary jurisdiction and claims those urging a more legalistic approach are ingoring recent changes....

The financial advisers’ register is missing key bits of information, defeating the purpose of the register to make information transparent to consumers....

ASIC has ordered NAB to tweak claims on its home loan rate advertisements, as part of its crackdown on false and misleading advertising. ...

Accountants who provide advice on self-managed superannuation funds (SMSFs) need to consider the level of advice they want to give clients before new licensing rules come...

Victims of Financial Fraud group lash Medcraft’s call for tougher penalties, citing regulator’s past failures....

The Government has rejected a Royal Commission into Commonwealth FP claiming the bank’s Open Advice Review Program should be allowed to work....

The Federal Government has set a date for the rollout of its public adviser registry, which licensees will fund via increased lodgement fees up to $44. ...

AVCAL welcomed the Federal Government’s move to channel funds from the significant investor visa programme into venture capital and small business....

Rice Warner says upfront life commissions can be justified where advisers have done the hard yards on initial advice....

ASIC has pointed to its remediation work with Macquarie Private Wealth as one of its steps towards the regulator “doing a better job”. ...

ASIC has been told there needs to be greater clarity between what represents a ‘fee’ and a ‘cost’ in Product Disclosure Statements....

van Eyk’s creditors have voted to liquidate the company, as papers are drawn up for two potential buyers. ...

ASIC has cancelled the licence of Custom Wealth Solutions Dealer Services after the group entered into external administration earlier this year....

A Queensland adviser has been given a hold on a five-year ban from ASIC following a hearing at the Administrative Appeals Tribunal....