07:52

The royal commission has now wrapped up its investigation of inappropriate advice from financial advisers.

It will begin looking tomorrow at “improper conduct” by financial advisers, including the forging of signatures.

Today we heard evidence from Kylie Rixon, ANZ’s chief risk officer for digital and wealth, about the number of inappropriate financial advice “instances” occurring at ANZ.

She said ANZ recorded 60 cases of inappropriate advice in 2008, which increased to 191 in 2013, then jumped significantly to 2,810 in 2015.

We also heard evidence from Sarah Britt, AMP’s head of advice and compliance, that multiple ANZ clients have not been told that they may have received poor financial advice and are entitled to compensation.