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Financial Planning

'But for' compensation methodology unfair: FAAA

The methodology used to calculate compensation for victims of bad financial advice appears to factor in 'opportunity costs' and has drawn the ire of advisers, calling it "unfair" and "unsustainable" for the industry.

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Read more: AFCA,  CSLR,  FAAA,  Australian Financial Complaints Authority,  Compensation Scheme of Last Resort,  Commonwealth Bank,  Dixon Advisory,  Financial Advice Association Australia,  Sarah Abood,  Shail Singh