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Suncorp eyes growth in broker space
The chief executive of Suncorp is intent on bolstering the bank’s revenue performance by restoring the confidence of the broker channel.
BROKER • Thu, 02 Jul 2020
Clawback conflicts flagged at parliamentary hearing
The industry needs to address potential conflicts associated with current clawback mechanisms in the third-party space, an AFG executive has told policymakers.
BROKER • Wed, 01 Jul 2020
‘Hayne got it wrong’: Committee chair backs status quo
Commissioner Kenneth Hayne’s recommendation to overhaul the broker remuneration model missed the mark, according to the chair of the House of Representatives’ standing ...
BROKER • Tue, 30 Jun 2020
Broking groups to face parliamentary scrutiny
Broking industry stakeholders have been called to appear before a parliamentary committee as part of a review into conduct in the financial services sector.
LENDER • Sun, 28 Jun 2020
BID a wake-up call for ‘old guard’
The “writing is on the wall” for brokers unwilling to adapt to new best interests duty obligations, according to the director of a risk management firm.
BROKER • Thu, 25 Jun 2020
ASIC releases BID guidance
The corporate regulator has published the long-awaited guidance concerning the application of the best interests duty on mortgage brokers.
COMPLIANCE • Wed, 24 Jun 2020
CBA charged for payments of conflicted remuneration
ASIC has launched civil proceedings in the Federal Court against the major bank for alleged payments of banned conflicted remuneration totalling $22 million.
LENDER • Mon, 22 Jun 2020
Offshore processing linked to loan approval lags
The offshore processing of loan applications has been a key contributor to turnaround time blowouts, particularly in the wake of COVID-19, according to the CEO of a major ...
LENDER • Wed, 17 Jun 2020
Broker proposition ‘evolves’ in wake of COVID
Brokers have been at the coalface of the COVID-19 crisis, with borrowers experiencing financial stress increasingly looking to brokers for multifaceted support, new ...
BROKER • Tue, 16 Jun 2020