Get notifications in real-time for staying up to date with content that matters to you.
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
ASIC’s raised industry funding levies reflect higher enforcemen...
Construction and retail trade have fuelled business loan growth i...
The majority of Australian borrowers think applying for a home lo...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
