Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 899 results for "Compensation"

Jones clarifies scope of new class of adviser

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... the new class of adviser could provide holistic personal retirement advice and acknowledged the need to reform the Compensation Scheme of Last Resort (CSLR) during a post-budget briefing with the Financial Services Council. Responding to concerns that ...

Insurance in super remains a mystery to millions of Australians

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... said, should also assess the gaps and overlaps between insurance in super and other safety nets, including workers compensation, Centrelink payments, the NDIS, and insurance outside of super. SCA's research was based on a nationally representative survey ...

AIOFP and IFPA enter 'strategic alliance'

ELIZA BAVIN  |  FRIDAY, 14 MAR 2025
... environment including reference to the inclusion of accountants to provide structural superannuation advice and the Compensation Scheme of Last Resort (CSLR)," the announcement said.

CSLR levy pain could hit $123m: FAAA

KARREN VERGARA  |  THURSDAY, 20 FEB 2025
The Compensation Scheme of Last Resort (CSLR) levy could potentially catapult to $123 million in the 2027 financial year, new estimates from the Financial Advice Association of Australia (FAAA) shows. Following the bombshell that the 2026 CSLR levy ...

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
... spoke out against the deferral, saying it was "frustrating". "In the context of the blow out in the cost of the [Compensation Scheme of Last Resort (CSLR)] and the overwhelming evidence of deep flaws in the design and implementation of the CSLR, this ...

CSLR review will scrutinise effect on businesses

KARREN VERGARA  |  MONDAY, 3 FEB 2025
The Compensation Scheme of Last Resort's (CSLR) funding model and how this impacts the businesses that support its operation will be centrepieces in Treasury's review. Treasury will also investigate how the CSLR is delivering on its intended ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
As new estimates show that financial advisers will have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... Foreign Investment Review Board processes for low-risk investments into Australia and reviewing and simplifying the Compensation Scheme of Last Resort (CSLR). A review of the CSLR was announced today. "The fact is the growing cost of the CSLR makes the ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
... (FAAA) general manager of policy, advocacy, and standards Phil Anderson is again calling on the government to fix the Compensation Scheme of Last Resort (CSLR). Th FAAA has previously highlighted three critical faults of the CSLR, including the scheme ...

FAAA accuses government of crucial CSLR failure

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
... Advice Association of Australia (FAAA) believes the government may have failed in its obligations when introducing the Compensation Scheme of Last Resort (CSLR) by skipping a key step. Following a review of documents the FAAA obtained via Freedom of ...