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Advice remediation tops $1bn

AMP, ANZ, Commonwealth Bank, Macquarie, National Australia Bank and Westpac have paid or offered a total of $1.05 billion in compensation to customers as a result of fee for no service, misconduct and non-compliance advice, according to ASIC.

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Read more: AdviceASICANZCommonwealth BankWestpacNational Australia BankIOOFMacquarie Equities