Powered by MOMENTUM MEDIA
the adviser logo
Broker

Non-bank backs broker reforms

by Staff Reporter4 minute read
Non-bank backs broker reforms

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.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

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.

Advertisement
Advertisement

“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]

Non-bank backs broker reforms
meeting
TheAdviser logo
meeting

James Mitchell

James Mitchell

AUTHOR

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

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

mark lewis fast ta llosc4

In Memoriam: Mark Lewis, 1963–2022

Mark Lewis passed away on Saturday (13 August). Mr Lewis was a well-known identity in the third-party broker...

READ MORE
anthony waldron mortgage choice ta ithtxm

Broker expertise key for securing right loan: Mortgage Choice

The data, which is derived from a June survey of 1,002 broker customers and conducted by Honeycomb Strategy,...

READ MORE
Mark Bouris new ifa

Brokers need to focus on the ‘value-add’: Mark Bouris

With competition among brokers increasing as the number of brokers rises – coupled with the fact that fewer...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
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
Read more