NAB's $17m in advice compo set to rise

NAB has begun contacting customers who may have fallen victim to poor financial advice, after already paying out nearly $17m in compensation.

NAB has begun contacting customers who may have fallen victim to poor financial advice.

NATIONAL Australia Bank has begun writing to customers who may have lost money due to poor financial advice, eight months after vowing to speed up its response to the scandal.

THE bank also said it has paid $1.7 million in compensation to 87 customers since February, on top of the $15 million paid out to 750 customers over the preceding five years.