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Financial Advice

Commonwealth Bank's CommInsure product advertising
The big four banks and AMP will refund customers who didn't receive financial advice they paid for. (AAP) Source: AAP

The majority of people seeking financial advice from Australia's biggest banks are being pushed into home-brand products, even when they're not in their best interest.


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By Helen Isbister

Source: SBS



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The majority of people seeking financial advice from Australia's biggest banks are being pushed into home-brand products, even when they're not in their best interest.


Just weeks out from a royal commission into the banks, corporate watchdog ASIC claims the widespread practice is leaving many customers significantly worse off.


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