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Showing 1 - 10 of 14 results for "David Berry"

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA | MONDAY, 15 DEC 2025

... their risk of insolvency and increase the likelihood that consumers are adequately compensated." CSLR chief executive David Berry questioned the value PII brings in the context of CSLR. At the recent Financial Advice Association Congress, he shared that ...

1659 First Guardian, Shield complaints reach AFCA

KARREN VERGARA | MONDAY, 8 DEC 2025

... Compensation Scheme of Last Resort (CSLR) has received its 1000 th complaint as at November. CSLR chief executive David Berry told the event that he's observed the fragile state of the people coming to the CSLR, who typically experience sleepless ...

Estimated CSLR levy comes in at $127m for FY27

JAMIE WILLIAMSON | MONDAY, 17 NOV 2025

... as it exceeds the $20 million sector cap, the CSLR said. It warned that it may well be higher. CSLR chief executive David Berry said there remains too many uncertainties in relation to First Guardian and Shield for the CSLR to reliably estimate the impact ...

CSLR releases revised levy estimate

ELIZA BAVIN | FRIDAY, 4 JUL 2025

... funded by CSLR's cash reserves and recovered in the FY27 annual levy for securities dealing. CSLR chief executive David Berry said the harm caused by those in the finance sector doing the wrong thing disproportionately impacts and detracts from those ...

CSLR levy underspend expected as claim processing slows

ANDREW MCKEAN | WEDNESDAY, 28 MAY 2025

... CSLR said more precise details can be expected after the conclusion of the next financial year. CSLR chief executive David Berry said apart from Dixon Advisory Superannuation Services, other large-scale firm failures, like United Global Capital, will ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA | FRIDAY, 31 JAN 2025

... also been told that the numbers could be even higher for the 2026-27 financial year," she said. CSLR chief executive David Berry said: "In line with our administrative function, we have, with the assistance of external actuaries, calculated the initial ...

CSLR warns adviser levy will balloon

KARREN VERGARA | FRIDAY, 25 OCT 2024

... complaints will be resolved by the Australian Financial Complaints Authority (AFCA) and proceeds to the CSLR, said David Berry, the chief executive of the CSLR. It also depends on the inclusion of any other large scale firm failures. "Whilst the total ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA | TUESDAY, 20 AUG 2024

... subsequently charged by the court with a three-year correctional order, including home detention. CSLR chief executive David Berry recently warned AFSLs and their professional indemnity insurers (PII) that fail to pay a determination under the scheme ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA | WEDNESDAY, 7 AUG 2024

... 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 regime, which has been in operation for four months. Berry told ...

CSLR makes inaugural payments

KARREN VERGARA | TUESDAY, 11 JUN 2024

... circumstances. The victims exhausted all other avenues and waited up to five years for a resolution. CSLR chief executive David Berry said while the financial services industry works toward the betterment of their clients, it's unfortunate that there ...

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BT appoints new head of strategy

KARREN VERGARA | 10:47AM

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI | 12:24PM

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI | 12:21PM

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO | 12:09PM

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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