Major banks get bill over unauthorised super advice" class="bivez" />{/PREVIEW}
ASIC has accepted court enforceable undertakings from the agreed to change the way they distribute superannuation products to their customers. and Pension product through bank branches. Branch staff for both CBA and ANZ were only authorised to provide general advice. CBA, ANZ to fork out $m over super sales as part of enforceable undertaking Super or St Choice Super, that the CBA branch staff or the ANZ with those banks agreeing to a court-backed “enforceable undertaking”.

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