Funding woes, commission cuts, lenders leaving the market and the demise of mortgage managers. The Adviser’s James Mitchell explores how the GFC shaped the third-party channel.
The full impact of the GFC on the consumer psyche is difficult to comprehend from this sunny corner of the world. In the US and UK, the financial crisis was truly felt. Unemployment soared. Banks collapsed. People lost their homes. As the world slowly came to understand what the hell had happened, thanks in part to documentaries like Inside Job and Michael Lewis’s The Big Short, consumers were left with a deep resentment towards major financial institutions.
This content is available exclusively to The Adviser members.
Subscribe to The Adviser for unlimited access to exclusive content.
Save over 7% off the monthly price.
FOR 1 YEAR
- Better Business Summit Conference access (in person and/or online)
- The Adviser monthly print magazine, supplements and special reports
- Unlimited access to all exclusive premium member content online
- Access to rankings and reports
- Access to exclusive monthly members email
- 10% discount on all The Adviser awards tickets
- CPD points available