Original article by Michael Bennett
The Australian – Page: 23 : 13-Oct-14

Those affected by deficient advice received from Commonwealth Financial Planning and Financial Wisdom between 2003 and 2012 have one year to ask for a formal review. Parent Commonwealth Bank of Australia (CBA) says that after three months of the offer overseen by Promontory Financial, some 4,200 clients have taken advantage of the deal. If this rate persists for the remaining nine months, fewer than 5% of all CBA financial services division customers will participate. CBA has so far made restitution to 1,100-plus people, costing a total $A52m

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COMMONWEALTH FINANCIAL PLANNING LIMITED, FINANCIAL WISDOM LIMITED, PROMONTORY FINANCIAL GROUP LLC, MACQUARIE BANK LIMITED – ASX MBL, HIGH COURT OF AUSTRALIA