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Broker commissions slide to historic low
The average annual commission earned by a broker has slipped to a record low, according to new MFAA research, which has come amid renewed calls for clawback reform.
BROKER • Thu, 12 Sep 2019
Adelaide Bank cuts fixed rates by up to 60 bps
The non-major has reduced fixed rates across its owner-occupied and investment home loan products offered exclusively via the broker channel.
LENDER • Wed, 11 Sep 2019
Bank bracing for ‘busy’ season through broker channel
A non-major bank is preparing for an anticipated spike in home loan volumes over the coming months by bolstering its service proposition for mortgage brokers.
BROKER • Tue, 10 Sep 2019
ASIC to prolong HEM dispute with Westpac
The corporate regulator will contest the Federal Court’s decision to dismiss its responsible lending case against Westpac.
LENDER • Tue, 10 Sep 2019
Aussie, AFG weigh in on clawback debate
The aggregators have responded to a renewed push from industry stakeholders to reform clawback arrangements.
AGGREGATOR • Thu, 05 Sep 2019
Best interests duty could bite big 4
The federal government’s proposed best interests duty could undermine the market power of the major banks, according to one analyst.
GROWTH • Thu, 05 Sep 2019
Making it on your own
Find out how Nathan Smith, owner of Sutherland Shire-based brokerage Birdie Wealth, battled through redundancy and established his own award-winning brokerage.
GROWTH • Thu, 05 Sep 2019
Aggregator head to fight for clawback reform
The head of a major aggregator has said he will lobby for changes to “unfair” clawback arrangements, adding that there is “justification” for reform amid recent changes ...
AGGREGATOR • Wed, 04 Sep 2019
RBA reports cash rate decision
The central bank has announced the September cash rate, following its monthly board meeting.
GROWTH • Tue, 03 Sep 2019