A statement by Greg Medcraft, Chairman Australian Securities and Investments Commission to Senate Estimates, 25 February 2015.
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Chairman, there has been some media coverage over the weekend regarding NAB’s wealth management business and the financial advice sector more generally, which I would like to address.
First, I’d like to talk about what we have said about the need to lift standards in the financial advice sector.
Then, I’d like to briefly comment on NAB Wealth.