'A lot of work to do': Banks back remuneration changes

By Sarah Danckert
Updated April 20 2017 - 12:28am, first published April 19 2017 - 11:32pm
Financial Review Banking and Wealth Summit 2017.  ony Boyd, Chanticleer Columnist, The Australian Financial Review, moderates the Remuneration Committee - Stephen Sedgwick AO, Former Australian Public Service Commissioner, Wednesday 5th April 2017 AFR photo Louie Douvis . Photo: Louie Douvis
Financial Review Banking and Wealth Summit 2017. ony Boyd, Chanticleer Columnist, The Australian Financial Review, moderates the Remuneration Committee - Stephen Sedgwick AO, Former Australian Public Service Commissioner, Wednesday 5th April 2017 AFR photo Louie Douvis . Photo: Louie Douvis

The big banks have pledged to overhaul bonuses paid to their retail staff to try to get better outcomes for customers, but the move has already drawn criticism for not going far enough.

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