NAB welcomes ASIC action

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NAB today welcomed ASIC’s action against former NAB Financial Planning adviser, Hardik Bhimani.

Executive General Manager NAB Wealth Advice, Greg Miller, said that NAB investigated Mr Bhimani’s actions after concerns around misconduct were raised. Mr Bhimani left NAB in November 2013.

“Advisers must follow all processes, procedures and strict conduct requirements at all times to make sure they are doing the right thing by our customers, but this wasn’t the case for Mr Bhimani,” Mr Miller said.

“We want to strengthen our business and ensure we are always open, transparent and take issues impacting customers seriously.”

In February 2015, NAB announced a series of steps we are taking to restore customer trust and confidence in the financial planning industry and our advice businesses. Further information about NAB’s Customer Response Initiative is available via here.

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