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Home › Commonwealth Bank rejects industry compensation pool for bad advice victims

 

Commonwealth Bank rejects industry compensation pool for bad advice victims

2015-08-12 15:24:03| Automakers - Topix.net

CBA chief executive Ian Narev said the drop in retail life insurance sales can be traced back to stiffening competition in the life sector. Commonwealth Bank of Australia has refused to back an industry-wide compensation scheme of last resort for victims of financial planning disasters, as the bank's wealth arm continues to grapple with the fallout of its own advice scandals.

Tags: bad industry advice bank

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