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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: AFCACSLRFAAAAustralian Financial Complaints AuthorityCompensation Scheme of Last ResortCommonwealth BankDixon AdvisoryFinancial Advice Association AustraliaSarah AboodShail Singh