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Non-bank backs broker reforms

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Staff Reporter 4 minute read

Liberty Financial CEO James Boyle says that the non-bank will continue to help mortgage brokers grow their businesses amid industry changes.

The lender has backed the reform recommendations of the Combined Industry Forum (CIF) on broker remuneration.

Liberty CEO James Boyle said that he was confident the reform package would lead to improved customer outcomes.

“We have actively participated in a robust process that has identified specific areas for change and improvement, all of which put the customer at the heart of the proposals,” the CEO said.

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“Liberty supports the changes that will be made and will work closely with our broker partners in the process. We want brokers to continue to be a trusted customer channel for finance, which is why these reforms are so important.

“With challenge comes opportunity, and we will continue to work with brokers to help find more ways to keep their businesses growing.”

Mr Boyle added that it was a credit to the industry that it cooperated to create such a compelling document that will shape the future of the broking industry for many years to come.

“The work is an acknowledgment of the shared commitment of the industry to transparency and good customer outcomes,” Mr Boyle said.

[Related: Banks make changes to commission structure]

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Non-bank backs broker reforms
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James Mitchell

James Mitchell

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.

He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.

James holds a BA (Hons) in English Literature and an MA in Journalism.

 

 

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