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Reservations About CSLR and FAR Legislation – FPA
The FPA continues to hold reservations about the proposed Compensation Scheme of Last Resort and the Financial Accountability Regime Legislation introduced into Parliament, saying the scope of the scheme needs to be broader.
FPA CEO...
Finalisation of the CSLR and FAR Legislation Welcomed
The introduction of the Compensation Scheme of Last Resort and the Financial Accountability Regime Legislation into Parliament has been welcomed by the FSC, which says this reflects the Government’s focus on finalising the remaining...
Industry Groups Respond to Introduction of CSLR Legislation
Two industry groups have welcomed the introduction of legislation to establish a Compensation Scheme of Last Resort, albeit with some reservations.
Stephen Jones, the Assistant Treasurer and Minister for Financial Services, has announced that the...
CSLR – Is the Cure Worse Than the Disease?
The Government’s decision not to give the Compensation Scheme of Last Resort (CSLR) a ‘swift passage’ through Parliament should give Canberra pause for thought, according to The Advisers Association.
TAA CEO, Neil Macdonald says that...
Call for Urgent Rethink of CSLR Funding
Synchron Director, Don Trapnell is calling for an urgent rethink of funding for the Government's upcoming Compensation Scheme of Last Resort.
In a statement Trapnell says the advice sector should pay “not a single dollar”...
Legislation to Establish CSLR Introduced
Legislation to establish the Compensation Scheme of Last Resort and the Financial Accountability Regime, has been introduced into Parliament.
A media release from the Minister for Superannuation, Financial Services and the Digital Economy, Jane Hume,says...
FAAA Chair Reflects on Three Years Since AFA–FPA Merger
Three years on from the AFA–FPA merger that formed the FAAA, Chair David Sharpe is pleased the organisation has quickly found its feet.
“Our communities have come together to create grassroots events and connections for...
FAAA Cautions Against Higher Professional Indemnity Limits
The FAAA is urging the Federal Government to resist blanket increases to professional indemnity insurance (PII) requirements, claiming higher cover limits would drive up costs for advisers.
In a submission to Treasury, which is consulting...
FAAA Urges Budget Action to Boost Adviser Numbers
In its pre-Budget submission to the Federal Government the FAAA has outlined a range of measures designed to increase advisers numbers and cut red tape.
Its recommendations include:
Increasing the supply advisers
Providing ATO portal...
2025 Annual Wrap
Young Aussies Shut Out of Risk Advice
Integrity Life Retail Book Moving to AIA Australia
AIA Warns of Structural Change in Life Sector
AI-Based SoA Platform Ready for Launch
PPS Mutual Expands Victoria...