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18 Dec 2015 (TheAge,SMH) – It was more than just a few rogue planners at CBA, review finds

[COMMENT: What does this news story actually mean? That some financial advisors cannot be trusted? How many are in this category? Surely not a majority?]

(18 December 2015, The Age, BusinessDay, p28, Business columnist,  View more articles from Adele Ferguson)

‘After wading through more than 68 pages of a confusing and heavily jargoned review into CBA’s financial planning business two things stand out: it was more than a few rogue planners and the regulator should consider how to call former executives to account. The review, conducted by KordaMentha on behalf of ASIC, took a year to complete, reviewed more than 8000 pages of evidence and identified 51 additional “potential at risk representatives” (a euphemism used throughout the report for potential bad apples). ‘

Read the full story at SMH.com.au

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