ANZ’s entry into Financial Advice mess shows Royal Commission still needed
The Greens spokesperson for Consumer Affairs, Senator Peter Whish-Wilson, says that revelations that ANZ charged 8,500 clients for a service they never received shows that more needs to be done to root out problems in the sector.
Senator Whish-Wilson said, “It has only taken a few Senate inquiry hearings to pressure the banks to reveal systemic problems within the financial advice sector.
“Imagine what might be exposed if a Royal Commission was established and given powers to investigate the sector properly.