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Every year, The Adviser commissions Momentum Intelligence to undertake its annual Third-Party Lending Report to understand what brokers think of the lenders they are using, in a bid to help form more constructive partnerships. This year, the reverberations of the royal commission were truly felt - with a new major bank becoming the favourite of brokers.
It seems almost absurd that last year’s feature revealing the key findings of Momentum Intelligence’s Third-Party Lending Report - Major Banks started out by stating that the banks had “taken a beating” under the Productivity Commission report. In the September 2018 feature, I had suggested that the foundations of the banking system had been “well and truly shaken”. Fast forward to July 2019, and it feels like they’ve not stopped shaking since.
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