Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag The CSLR faces a $137.5M levy in 2026–2027 due to firm failures, with advice sector costs far exceeding its cap.

flag The Compensation Scheme of Last Resort (CSLR) faces escalating costs, projecting a $137.5 million levy for 2026–2027, driven by firm failures including Shield and First Guardian, with the financial advice sector bearing $126.9 million—well above its $20 million cap. flag The scheme, established in 2023, now expects 912 claims, mostly related to financial advice, and will issue a revised estimate by June 2026. flag Industry leaders and regulators are reassessing the funding model amid concerns over long-term sustainability.

7 Articles

Further Reading