ANZ is chewing through one provision to cover dodgy financial advice from the key person in an affiliated firm.Of A$766,000 allotted to compensate 22 customers of this one adviser, John Doyle, ANZ has so far distributed $515,000 to 29 clients.ANZ took more than two years to inform clients of Carrington Financial Services of potential refunds for poor advice, Darren Whereat (ANZ's head of aligned licensees and advice standards) confirmed for the Hayne Royal Commission on Friday."In the reviews that we are working with the new owner of the business, the file reviews that they are conducting in conjunction with us is showing very few instances - in fact, I'm not aware of any of - of advice needing to be unwound. But, certainly, the Instreet and the Macquarie 100 product, that client experience is nowhere near what it should be", Whereat said.Whereat agreed that Doyle charged $1152.88 in ongoing fees for a client seeking $2000 in annual income on savings of $32,000.Instances such as this frame the appraisal in one recent business review that "the majority of ANZ's funds under advice are now at significant risk of migration to competitive platforms."