Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

No plans to cut broker commissions: NAB

Staff Reporter 1 minute read

National Australia Bank (NAB) does not plan to cut third-party commissions but is instead exploring ideas of “re-shaping” current commission structures.

In contrast to Westpac, which announced commission cuts earlier this month, NAB Broker regional general manager Matt Lawler said NAB was “more in the space of re-shaping remuneration rather than just cutting”, The Australian reported today.

According to the daily, NAB is looking to broaden the role of mortgage brokers to wider financial advisers and will also look to reward brokers that cross-sell other NAB products.

More details to come.

Published: 28-04-08

No plans to cut broker commissions: NAB
default
TheAdviser logo
default

 

more from the adviser
handshake news Non-bank moves to fully acquire IA Group

Resimac has announced it is set to acquire the remaining 40 per ...

deposit saving Brokers report longer turnarounds at the big banks

The major banks suffered from longer turnaround times over Decemb...

bank of mum and dad COVID-19 fails to dim home buying goals: survey

Property purchasing goals have remained intact in Australia despi...

FROM THE WEB