Tag:financial advice

Australia: Compensation Scheme of Last Resort (CSLR)

Feb 25 2025

Underfunded From Inception

The operator of CSLR has released the latest actuarial report commissioned on the scheme and the initial estimates of projected levies for 2025 / 26 (3^rd levy period), triggering widespread concern across the financial services industry and immediately prompting the Treasury to announce a comprehensive review of the scheme.

Australia: Quality of Advice Report to be Stress Tested

Feb 20 2023

By Jim Bulling, Anabelle Weinberg and Oliver Herrmann

The Australian Government has released Michelle Levy’s Quality of Advice Review Final Report (Final Report) after a year-long consultation process that includes 22 recommendations across 13 areas to improve the regulatory framework of financial advice.