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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: FAAACSLRAFCADixon AdvisoryASICAustralian Financial Complaints AuthorityCompensation Scheme of Last ResortAFSL of RPD Group Advice forFinancial Advice Association Australia CongressLibertas Financial PlanningPhil AndersonSarah AboodSequoia Financial Group