For the past year, Australians have been transfixed by the shocking conduct of the Big 4 banks, AMP and other financial institutions exposed by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. On Monday, the Government released Commissioner Hayne’s report, containing 76 recommendations for change. The Liberal government has pledged to enact all recommendations, with possible changes to mortgage broker recommendations, whilst Labor have advised they will enact all in full. As is always the case with politicians, what they say and what they do may not prove to be the same thing.
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