Regulators and advisory bodies have shared their scepticism of lender-paid broker remuneration, questioning whether the industry can really act in the best interests of customers under the current model. Tas Bindi takes a closer look at the feasibility of introducing the fees-for-service model in the mortgage broking industry.
It's been three months since I entered the world of mortgages through my new journalist position at The Adviser, and it feels like it’s been non-stop chaos for brokers throughout this period. I get the sense that brokers are bystanders being pounded by regulators and government advisory bodies as part of their broader investigations into the financial services industry.
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