2025 Advice Policy Summit
Jones hints at ‘but for’ exclusion for CSLR
Minister of Financial Services Stephen Jones has opened up on the shortcomings of the Compensation Scheme of Last Resort at the Professional Planner Advice Policy Summit, acknowledging flaws in the system that allow victims to be compensated despite not suffering a capital loss. However, he cautioned there wouldn’t be a quick fix given the unique characteristics of the failed firms that have brought the scheme into disrepute.
Beata KuczynskaFebruary 10, 2025