A proposal to raise compensation levels for all dispute resolution schemes to $500,000, boost consumer awareness about how to file complaints, and simplify the complaint process has taken many in the industry by surprise. These changes are prompting many FAPs to reassess how they deliver financial advice and ensure compliance.
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Proposed increase in Dispute Resolution Scheme compensation to $500,000 is a wake up call for many
Proposed increase in Dispute Resolution Scheme compensation to $500,000 is a wake up call for many