Powered by
MOMENTUM
MEDIA
ASIC commissioner sheds light on broker findings
If brokers “wish to be viewed as professionals”, they should offer clients “as many options as is reasonably possible”, ASIC commissioner Sean Hughes has said.
BROKER • Sun, 01 Sep 2019
Industry urged to take heed of ‘disappointing’ findings
The head of a major aggregator has encouraged brokers to “listen carefully” to the voices of consumers highlighted in ASIC’s new report, but also expressed concern over ...
SALES & MARKETING • Fri, 30 Aug 2019
Industry sees bright side of ASIC findings
The findings from ASIC’s shadow shopping exercise “reinforces the value” of mortgage brokers by highlighting the advantages of securing a loan via the third-party ...
COMPLIANCE • Thu, 29 Aug 2019
PLAN, Choice, FAST welcome best interests duty
The aggregators have welcomed the federal government’s draft bests interests duty as part of a broader push to help the industry “evolve and professionalise”.
AGGREGATOR • Thu, 29 Aug 2019
ASIC reveals findings of shadow shopping exercise
Brokers were “inconsistent” in the ways they presented mortgage options to borrowers and sometimes provided little or no explanation of the “options considered or reasons ...
COMPLIANCE • Thu, 29 Aug 2019
Brokers propel non-bank to above-system lending growth
A non-bank has stated that its efforts to strengthen its presence in the third-party space have helped bolster its loan book by 19 per cent.
BROKER • Wed, 28 Aug 2019
Industry reacts to proposed broking reforms
Industry associations and broking industry stakeholders have reacted to the federal government’s newly proposed best interests duty.
LENDER • Tue, 27 Aug 2019
AFCA seeks greater input in ASIC interventions
The external dispute resolutions scheme has backed the corporate regulator’s new product intervention powers and has requested the opportunity to “act as a facilitator” ...
COMPLIANCE • Tue, 27 Aug 2019
Best interests duty ‘reflects customer expectations’: Treasurer
Treasurer Josh Frydenberg has backed the federal government’s newly proposed best interests duty on mortgage brokers, stating that he is confident it will “improve ...
COMPLIANCE • Mon, 26 Aug 2019