News Life and Health17 Feb 2021

Australia:Compensation for financial advice related misconduct totals almost US$1bn at 31 Dec 2020

| 17 Feb 2021

Six of Australia's largest banking and financial services institutions have paid or offered a total of A$1.24bn ($962.5m) in compensation as at 31 December 2020, to customers who suffered loss or detriment because of fees for no-service misconduct or non-compliant advice, says the Australian Securities and Investments Commission (ASIC).

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here

For Full Access to the magazine SUBSCRIBE here.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 
Error : Object reference not set to an instance of an object.

Recent Comments
Other News

Follow Asia Insurance Review