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La Trobe pays bonus to AFG brokers

by Staff Reporter6 minute read

AFG brokers will receive a bonus upfront payment from La Trobe Financial after reaching their annual volume targets.

The two groups announced that AFG reached its volume bonus incentive target for 2014 in July.

La Trobe will now pay an extra volume bonus incentive commission to AFG members on all settled loans between January 1 and December 31.

La Trobe’s head of asset origination, Paul Wells, said the lender appreciates the “very significant AFG volume uplift in 2014”.

“Nationally, La Trobe Financial is also successfully servicing many new broker relationships in 2014. These strong volumes tie to volume incentive schemes with a number of aggregators,” he told The Adviser.

The bonus upfront payment will be paid to AFG in February.

[Related: La Trobe cuts rates]