Up until now, the funding of the Compensation Scheme of Last Resort (CSLR) has been seen as a serious issue the financial advice sector has had to deal with. This concern has been going on for a while, but took an even more severe turn when the government confirmed recently the CSLR special levy for 2025/26 would be $47.3 million, with $10.4 million to be paid by the financial advisory industry – and that is before any contingencies are made for the Shield and First Guardian master fund collapses. Purchase and download the PDF version.