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Financial Planning

Firms treat CSLR as 'insurance policy': FAAA

As the number of AFSL cancellations pile up due to the non-payment of Australian Financial Complaints Authority (AFCA) determinations, far too many financial services firms are taking advantage of the Compensation Scheme of Last Resort (CSLR), treating it as an 'insurance policy'.

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Read more: CSLR,  FAAA,  AFCA,  Dixon Advisory,  ASIC,  Australian Financial Complaints Authority,  Compensation Scheme of Last Resort,  AFSL of RPD Group Advice for,  Financial Advice Association Australia Congress,  Libertas Financial Planning,  Phil Anderson,  Sarah Abood,  Sequoia Financial Group