In this episode of the Financial Services Online daily wrap-up, host Paige Estritori discusses ongoing financial advice reforms in Australia, focusing on the Compensation Scheme of Last Resort (CSLR). As advisor classifications remain complex, principal stakeholders press for better funding models. The Association of Superannuation Funds of Australia reports a significant increase in the APRA levy on superannuation funds, leading to calls for greater insight into fund allocation. The potential for Commercial Real Estate (CRE) debt to diversify portfolios is also examined. Lastly, the Insurance Brokers Code Compliance Committee recommends stricter timelines for insurance claims and renewals, advocating for industry transparency and improving trust. The episode underscores the importance of staying informed to make smart financial decisions.
