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Financial Planning

CBA, ASIC unveil details of new compensation scheme

Commonwealth Bank (CBA) has revealed the details of the new licensing conditions for its financial planning businesses after the original process to compensate victims of poor advice was found to be inconsistent.

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Read more: CBA,  ASIC,  Financial Planning,  CFPL,  FW,  Commonwealth Bank,  Commonwealth Financial Planning,  Financial Wisdom,  Open Advice Review program,  AFS licensees,  Financial Ombudsman Service,  Financial Standard coverage,  FW clients,  July 2012,  May,  Project Harnett scheme,  Senate Economics Committee inquiry