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Banks tardy on making changes to clawback policies
Monday 1st of September 2025
The ANZ has dropped its maximum clawback period for adviser commissions from 27 months to two years, with the clawbacks now diminishing on a pro-rata basis every 30 days.
Other banks have done nothing and one adviser says they continue to make excuses that they are reviewing their respective clawback policies.
“This continued delay feels increasingly like a slap in the fac...
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