CSLR kicks off, 2k await compensationBY KARREN VERGARA | TUESDAY, 2 APR 2024 12:27PMThe Compensation Scheme of Last Resort (CSLR) today opened its doors, ready to compensate about 2000 claimants who have long waited for redress. Related News |
Editor's Choice
Future Group to internalise super trustee structure
|Future Group is acquiring WTW's superannuation licensed entity, Stewarda, to establish trustee capabilities in house.
Natixis names chief executive for Mirova
|Natixis Investment Managers has promoted an executive from another affiliate to succeed the outgoing chief executive of Mirova, Philippe Zaouati, effective July 1.
ASIC calls out platform trustees: 'Clear breach of trust'
|ASIC has called out superannuation trustees for not doing enough to protect retirement savings of Australians on platforms even after repeated warnings from regulators about the dangers of poor oversight.
HMC Capital wins $1.3bn private credit insto mandate
|HMC Capital has won two global institutional mandates of $1.35 billion for its private credit strategy in Australian commercial real estate (CRE) lending.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
Another malinformed and misguided initiative. Have any of these clowns actually worked out who these claims are against? Less than 1% will be IFAs and once again the institutions get away scot-free.
Irrespective of who is at fault for the financial harm that this scheme claims to redress, in what universe is it morally reasonable to determine liability for the harm caused (by others) based solely on occupation?
Will we also ask every politician to personally compensate the victims of bad policy put forward by the other party or that they didn't support or that happened before they were elected? Will we ask every single health worker to compensate people for things that didn't occur in their practice or hospital or whilst they were still in university and not working?
That is the offence being committed right now against the dedicated and committed financial planners of today. It's also why so many are leaving an industry they once loved. Future clients deserve better representation than to have advisers brave enough to be in business but unable to afford any but the most profitable of clients because of such levies.
Why doesn't the industry simply not pay - if we all came together and decided NOT TO PAY.
It is that simple, do you think they will cancel all FPs licenses... I do not think so.
If only we had a universal platform that all our Industry used / knew about were we could broadcast and communicate. Wouldn't that be great and send a very clear message to Canberra STOP TREATING this industry like an ATM with no PIN.