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Showing 131 - 140 of 935 results for "Compensation"

Labor wins: What super, advice industries want

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
... it." Prior to the election, the FAAA outlined five priority actions for the next government, including fixing the Compensation Scheme of Last Resort (CSLR), providing adviser access to the ATO portal, delivering effective DBFO reforms and implement a ...

Spender criticises Labor's 'lack of urgency' on advice reforms

ELIZA BAVIN  |  THURSDAY, 17 APR 2025
... wished there had been more movement. "I've made my commitment in this space to create a sustainable and fair Compensation Scheme of Last Resort (CSLR), because I think that is really important," she said. "We have already been engaging with the Assistant ...

Coalition targets 'ambitious' goal of 30k advisers

ELIZA BAVIN  |  TUESDAY, 15 APR 2025
... them. "Financial advice reform has been an afterthought for the Albanese government and the botched rollout of the Compensation Scheme of Last Resort has been a costly disaster" Howarth said. "Successive governments have piled on layers of new regulation ...

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
... liquidation, and there is no certainty it will be able to comply with any AFCA determinations requiring it to pay compensation to complainants, AFCA needs to consider whether any UGC complaint it receives is within the scope of the Compensation Scheme ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
... the Ponzi scheme that fraudulent financial adviser Caddick ran. Combining the class action amount and receivership compensation, Chapman said victims have been able to recoup about 50% of their investments. The class action was settled in the 18-month ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
... Shail Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's important to remember that, ultimately, the main driver of the cost of the scheme is flawed ...

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 ...