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Breaking down the impact of the CSLR

In this episode of The ifa Show, host Maja Garaca Djurdjevic is joined by ifa news editor Keith Ford following the first Compensation Scheme of Last Resort payments being made to discuss how the scheme is impacting the advice profession.

The pair delve into the details behind the CSLR, including how the scheme works and why advisers won’t be on the hook for claims related to mortgage brokers, as well as breaking down the shadow financial services minister stepping up his criticism of the government’s handling of financial advice reforms.

Listen as they discuss:

  • Why financial advisers are considering a boycott of the CSLR – and why it is a risky prospect.
  • The letter that advisers are sending to their local members to protest unfair treatment.
  • Whether the opposition would actually offer a better alternative.