IFA: ‘The greatest bloody manipulation’: What can be done about the CSLR?

Financial Services Podcast Network

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14d ago 41:05

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In this episode of The ifa Show, host Keith Ford is joined by the executive director of the Association of Independently Owned Financial Professionals, Peter Johnston, to break down how the poor design of the Compensation Scheme of Last Resort (CSLR) could lead to the downfall of the financial advice profession as they face a $70 million levy.

With the responsibility of addressing the CSLR seemingly being left in the hands of the next government, Johnston explains the importance of advisers using their vote in the upcoming federal election to support those that will, in turn, support the profession and deliver on their promises.

Listen as they discuss:

Whether there are any legal pathways for the profession to challenge the CSLR.
How advisers can push back against political pressures in the upcoming federal election.
What the long-term implications of the CSLR could be for the profession.

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