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Financial Services Council chief calls for regulatory changes due to soaring CSLR costs, threatening accessibility for Aussies.
Financial Services Council chief Blake Briggs calls for a reassessment of financial advice regulations, suggesting streamlining breach reporting and reviewing the Compensation Scheme of Last Resort (CSLR).
The CSLR is facing a large increase in funding costs, projected to reach $70 million in the next financial year, primarily due to failures at Dixon Advisory and United Global Capital.
The surge in costs has led to a government review and raised concerns about the profession becoming too costly for ordinary Australians.
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El jefe del Consejo de Servicios Financieros pide cambios regulatorios debido al aumento de los costos de CSLR, amenazando la accesibilidad para Aussies.