Search Results | Showing 71 - 80 of 138 results for "Compensation Scheme of Last Resort" |
| | | ... involving hundreds of millions in client losses - and to ensure it is not repeated." Under the Compensation Scheme of Last Resort (CSLR), the FAAA estimates the advice sector will foot a $135 million bill to compensate victims of Dixon Advisory. The ... |
| | | | ... support a public inquiry into the collapse of Dixon Advisory and the flow-on effect on the Compensation Scheme of Last Resort (CSLR). The FAAA has written to every federal member of parliament asking for their support in calling for a public inquiry ... |
| | | | ... million in compensation related to Dixon Advisory the advice industry now must pay for under the Compensation Scheme of Last Resort (CSLR). "So seemingly Dixon Advisory did nothing wrong and the parent company has now totally moved on," he said, calculating ... |
| | | | ... Planning's AFS Licence (AFSL) has been revoked for its failure to pay compensation as ordered by the Compensation Scheme of Last Resort (CSLR). Libertas, which went into liquidation in September 2023, failed to pay an Australian Financial Complaints ... |
| | | | ... met with minister for financial services Stephen Jones to raise key concerns regarding the Compensation Scheme of Last Resort (CSLR). FAAA chief executive Sarah Abood and chair David Sharpe met with the minister to raise several issues including the ... |
| | | | ... Anderson said he is angry about the Dixon Advisory "debacle" and the impact it has had on the Compensation Scheme of Last Resort (CSLR). "Everywhere that we looked, we saw inequity and unfairness. The more we looked, the angrier we got," Anderson said. ... |
| | | | ... insurers (PII) that fail to pay a determination will potentially see their licence revoked if the Compensation Scheme of Last Resort (CSLR) has to intervene. CSLR chief executive David Berry warned financial advisers of their obligations under the new ... |
| | | | ... noted, having come from a small family business background, he was shocked to learn about the Compensation Scheme of Last Resort (CSLR), which makes people pay for others' mistakes. "It was crazy to me," Howarth said. Nevertheless, there are ways ... |
| | | | ... sector will have to fund $135 million of these claims. "This highlights a deep flaw in the Compensation Scheme of Last Resort (CSLR), funding model that must be fixed. The Dixons scandal is on such a massive scale that it warrants a public inquiry into ... |
| | | | ... around the outcome of the Quality of Advice Review (QAR) is worrisome for advisers as is the Compensation Scheme of Last Resort (CSLR), which imposes another levy on the sector of $18.5 million for the 2025 financial year. Only 26% of advisers think ... |
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