March 10 (Reuters) - Australia's ASIC:
- UPDATES ON COMPENSATION FOR FINANCIAL ADVICE RELATED MISCONDUCT AS AT 31 DECEMBER 2022
- SIX OF AUSTRALIA'S LARGEST BANKING & FINANCIAL SERVICES INSTITUTIONS HAVE PAID OR OFFERED TOTAL OF A$4.7 BILLION IN COMPENSATION, AS AT 31 DEC 2022
- COMPENSATION TO CUSTOMERS WHO SUFFERED LOSS OR DETRIMENT BECAUSE OF FEES FOR NO SERVICE MISCONDUCT OR NON-COMPLIANT ADVICE
- COMPENSATION INCLUDES A$1.1 BILLION PAID OR OFFERED BY INSTITUTIONS BETWEEN 1 JULY AND 31 DECEMBER 2022
- AMP, ANZ, CBA, MACQUARIE, NAB & WESTPAC UNDERTOOK REVIEW & REMEDIATION PROGRAMS TO COMPENSATE AFFECTED CUSTOMERS AS RESULT OF 2 ASIC REVIEWS
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News: NAB Australia's ASIC Updates On Compensation For Financial Advice Related Misconduct As At 31...
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