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Show Notes
In this episode of The ifa Show, co-hosts Keith Ford and Maja Garaca Djurdjevic are joined by Money Management editor Laura Dew to dissect some of the submissions that industry stakeholders have made to the Senate's Dixon Advisory inquiry.
Submissions for the Senate inquiry into failure of wealth management companies and the impact on the Compensation Scheme of Last Resort (CSLR) have started to be released, and some key issues have started to emerge around where the major problems lie and what can be done to fix them.
Listen as they discuss:
- How the CSLR came about and why the Dixon Advisory collapse has caused so many problems.
- The ongoing concern of what will happen when the $20 million subsector cap is exceeded.
- Options to address large firms walking away from their subsidiaries and leaving it to advisers to pick up the tab.