Commonwealth Bank has increased the indemnity provided to CountPlus for customer remediation from A$300 million to $520 million to cover misconduct identified at the time of the sale of the business. CBA sold financial planning business Count Financial to CountPlus in 2019 and provided the indemnity at the time of the sale. It said the increase reflected actual case assessments. The bank reported in its 2021/22 results that its cumulative spend on remediation since 2014 was $3.5 billion. Link Group announced yesterday that it has ceased discussions with Dye & Durham Corp about its proposal to acquire Link. The approach had cast doubt over the future control of e-conveyancing company PEXA. Link owns 42.8 per cent of PEXA. Last month, Link announced that it would sell 10 per cent of its 42.77 per cent shareholding in PEXA and then make an in-specie distribution of the remainder of its PEXA shares to Link Group shareholders. There was no change to that plan yesterday.