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NAB Broker has assured brokers that there will be no further changes to its commission structure for the foreseeable future.
Speaking at NAB Broker’s six-monthly broker roundtable in Sydney yesterday, NAB Broker executive general manager Matt Lawler told a group of around 400 brokers that their commissions would remain unchanged for “the current credit cycle” – a time frame likely to be around five to seven years.
Brokers have been unsettled by recent unsubstantiated rumours that commissions are again under review from a number of institutions.
While NAB was not one of the institutions in question, the commitment to keep commissions unchanged will doubtless be welcomed by the industry.
Mr Lawler assured brokers that the remuneration structure announced by NAB last year had been made with a long-term view.
“Those changes were substantial and not something we would look to do every year, we’re not thinking about changing them any time soon.”
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