ASIC takes on NAB for fee-for-no service breachesBY KARREN VERGARA | FRIDAY, 18 JUN 2021 12:35PMThe corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service. Related News |
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Blake Briggs
CHIEF EXECUTIVE OFFICER
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Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
Which advisers will pay for through their ASIC fees and, if any penalty is paid, will be sent to directly to consolidated revenue with no offset for the legal costs. I wonder why adviser ASIC fees are so high?