ASIC's Enforceable Undertakings CFPL, page-2

Like to have a conversation on peoples thoughts on the impact of:ASIC's Enforceable Undertaking requiring CBA's financial planning business's to cease charging its 31,500 customers any ongoing service fees and not to enter into any new ongoing service arrangements

• .https://asic.gov.au/about-asic/news-centre/find-a-media-release/2018-releases/18-102mr-asic-accepts-enforceable-undertaking-from-commonwealth-bank-subsidiaries-for-fees-for-no-service-conduct/

• disallowed/business/banking-and-finance/asic-orders-cba-financial-planning-unit-to-stop-taking-fees-20190204-p50vhp.html

• https://www.abc.net.au/news/2019-02-04/asic-orders-commonwealth-bank-to-stop-charging-financial-fees/10776870

• https://financialservices.royalcommission.gov.au/Pages/default.aspx

You would think this would put the acid on CFPL to take up iam for compliance reasons alone!