A compensation scheme of last resort to help victims of financial misconduct is being revisited as a way to help protect customers and repair the crisis of confidence plaguing the financial planning sector.

A compensation scheme of last resort to help victims of financial misconduct is being revisited as a way to help protect customers and repair the crisis of confidence plaguing the financial planning sector.

If one message came out of the Senate hearing into financial misconduct, it affects too many lives, has caused too much pain and is too important to be swept under the carpet.

Teagan Couper can finally access funds paid out by the Commonwealth Bank for a life insurance policy for her late father, Noel Stevens.

Australia's banks are not meeting their social and moral obligation to victims of financial misconduct.